Accor: Launch of a Share buyback program for 300 million euros

Paris - Accor announced on December 16, 2019 a return to shareholders of 1.0 billion euros, which will be achieved in the next 24 months, including 300 million euros of share buybacks to finalize the program launched in 2018.

In this Executive, Accor signed a cash repurchase agreement with an investment services provider for an amount of 300 million euros.

The purchase period will run from January 20, 2020 to June 30, 2020. The price per share may not exceed the maximum price of 70 euros set by the Combined General Meeting of shareholders on April 30, 2019.

Press contacts

Press relations contacts

Charlotte Thouvard

Director of External Communication

T. [phone]

[e-mail]

Line Crieloue

Media Relations Manager

T. [phone]

[e-mail]

Investor and Analyst Relations

Sebastien Valentin

Director of Communication

T. [phone]

[e-mail]

Pierre-Loup Etienne

VP Investor Relations

T. [phone]

[e-mail]

ABOUT ACCOR

Accor is a world leader in augmented hospitality, which offers unique experiences in more than 5,000 hotels and residences located in 110 destinations. For over 50 years, all of Accor's hotel know-how has been illustrated through an incomparable collection of 39 hotel brands, from luxury to economical, backed by one of the most attractive loyalty programs in the world.

ALL - Accor Live Limitless - is the daily lifestyle companion that integrates rewards, services and experiences that enhance everyday life by inventing a whole new way of living without limits.

Accor is fully committed to a sustainable development approach and acts concretely in favor of the planet and local communities through its Planet 21 program - Acting Here, and the Accor Solidarity endowment fund which strives to enable disadvantaged populations to ' access to employment through vocational training.

Accor SA is a company listed on Euronext Paris (ISIN

(C) 2020 Electronic News Publishing, source ENP Newswire