Accor announced on February 27th, 2018 that it intended to implement, over a two-year period, a share buyback program that would cover up to 10% of its share capital, i.e. 29 million shares amounting to 1,350 million euros based on the market capitalization as of end of February 2018. A first tranche of 350 million euros was completed in 2018, with the acquisition of 8.3 million shares. A second tranche was launched on December 19th, 2018 for an amount of 500 million euros. The partial execution of the second tranche enabled Accor to purchase 6.6 million shares for a total amount of 250 million euros.
The Group has signed today a plain share buyback agreement with the same investment services provider for a follow-on tranche to acquire Accor shares for an amount of 250 million euros, to the maximum of daily-authorized volumes. The purchase price per share shall not exceed the maximum price of 70 euros set by the Combined Ordinary and Extraordinary Shareholders' Meeting of April 20th, 2018.
The Group has decided to maintain the suspension of its liquidity agreement for the duration of the program.
NB: Exact amounts for the transactions carried out in the frame of the share buyback program are available on