Accor Shareholders Reinvest Nearly Half of the 2008 Dividend
2009-06-16
At their Annual Meeting on May 13, 2009, Accor shareholders set the 2008 dividend at EUR1.65 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 EUR198 million, which will be paid on June 17, 2009.
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