The Annual Shareholders' Meeting of AccorHotels was held on Aprl,28 in Paris. The meeting was chaired by Sébastien Bazin, Chairman and CEO. Holders of 65.983% of the shares were present or represented by proxy. All of the resolutions were adopted.
During the Meeting, Sébastien Bazin presented the Group’s strategy to the shareholders and highlighted the growth achieved in 2014.
Sophie Stabile, Global Chief Financial Officer, underlined the record financial performance of the Group in 2014, in particular the levels of Ebit (€602m) and Free Cash Flow (€304m), and commented on the first quarter 2015 activity.
The Shareholders' Meeting decided the payment of a €0.95 dividend per share, with each shareholder given the option of reinvesting 50% of the dividend in shares with a 5% discount.
The shares traded ex-dividend from May 6, 2015 and the dividend was paid on June 3, 2015. The dividend reinvestment option was exercisable from May 6 to the close of business on May 21, 2015. If the
option is not exercised during this period, the total dividend was paid in cash.
The shares allotted in payment of dividends were issued at a price of €46.198, corresponding to 95% of the average of the opening prices quoted for AccorHotels shares over the twenty trading days preceding the
Shareholders’ Meeting, less the amount of the dividend. The shares allotted in payment of dividends will carry dividend rights from January 1, 2015.
In addition, shareholders re-elected Jean-Paul Bailly, Philippe Citerne, Mercedes Erra and Bertrand Meheut as directors for a three-year term.