Accor: Shareholders Reinvest Nearly Half of the 2008 Dividend
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Accor: Shareholders Reinvest Nearly Half of the 2008 Dividend
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Category: Worldwide - Industry economy -
Figures / Studies
This is a press release selected by our editorial committee and published online for free on 2009-06-15
At their Annual Meeting on May 13, 2009, Accor shareholders set the 2008 dividend at €1.65 per share and approved a dividend reinvestment plan. The dividend was paid on a total of 219,894,523 shares.
The reinvestment period ended on June 8, 2009. Shareholders holding an aggregate 45.5% of the Company’s capital elected to reinvest their dividend in new Accor shares.
The stock dividend will involve the issue of 5,308,523 new shares, which will be settled on June 17 as well.
As a result, the cash dividend will be limited to around €198 million, which will be paid on June 17, 2009.
The Group is pleased at this expression of shareholder confidence in its strategy and long-term prospects.
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