PR Newswire/Les Echos/ Press release Paris - April 25, 2013 Annual Shareholders' Meeting The Annual Shareholders' Meeting of Accor was held today in Paris. The meeting was chaired by Philippe Citerne, Chairman of the Board of Directors, and holders of 73.37% of the shares were present or represented by proxy. All of the resolutions were adopted. During the Meeting, CEO Yann Caillère commented on Accor's solid 2012 results and gave shareholders a detailed description of the Group's strategy. He highlighted the growth achieved in 2012, thanks to record development - with more than 38,000 rooms opened during the year, of which 72% in emerging markets - and the asset restructuring program, which included the sale in 2012 of Motel 6. After outlining the key priorities of Accor's strategy, the aim of which is to reconfigure the room portfolio to comprise 40% managed, 40% franchised and 20% owned and leased, he presented the Group's plans to strengthen the distribution process, with EUR120 million set to be invested in the period 2013-2016. Sophie Stabile, Global Chief Financial Officer, reviewed the Group's performance in 2012 and in the first quarter of 2013. Shareholders approved an ordinary dividend of EUR0.76 per share, which will be paid on June 5, 2013, with an ex-dividend date of May 3, 2013. In addition, shareholders re-elected Sophie Gasperment and Patrick Sayer as directors for a three-year term, elected Nadra Moussalem as a director and ratified Iris Knobloch's appointment to the Board. Sophie Gasperment and Iris Knobloch are independent directors. Accor, the world's leading hotel operator and market leader in Europe, is present in 92 countries with more than 3,500 hotels and 450,000 rooms. Accor's broad portfolio of hotel brands - Sofitel, Pullman, MGallery, Grand Mercure, Novotel, Suite Novotel, Mercure, Adagio, ibis, ibis Styles, ibis budget and hotelF1 - provide an extensive offer from luxury to budget. With more than 160,000 employees in Accor brand hotels worldwide, the Group offers its clients and partners 45 years of know-how and expertise. MEDIA RELATIONS Agnès Caradec Elodie Woillez Senior Vice President, Corporate Phone: : +33 (0)1 45 38 87 08 Communications and External Relations Phone: +33 (0)1 45 38 87 52 INVESTOR AND ANALYST RELATIONS Sébastien Valentin Léa Ledermann Vice President, Investor Relations Investor Relations and Financial Communication Phone: : +33 (0)1 45 38 86 36 Phone: +33 (0)1 45 38 86 25 The content and accuracy of news releases published on this site and/or distributed by PR Newswire or its partners are the sole responsibility of the originating company or organisation. Whilst every effort is made to ensure the accuracy of our services, such releases are not actively monitored or reviewed by PR Newswire or its partners and under no circumstances shall PR Newswire or its partners be liable for any loss or damage resulting from the use of such information. All information should be checked prior to publication. -0- Apr/26/2013 10:30 GMT
Press release post Annual Shareholders\' Meeting
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