The Rezidor Hotel Group utilizes part of repurchase authorization
|
The Rezidor Hotel Group utilizes part of repurchase authorization
|
Category: Worldwide
This is a press release selected by our editorial committee and published online for free on 2007-12-11
The Annual General Meeting 2007 authorized the Board of Directors to decide to repurchase
shares to the extent that the company’s holding of its own shares following the acquisition at
the most reaches one-tenth of all shares in the company. Rezidor is announcing that the Board
has decided to utilize part of the authorization and use up to 3 MEUR to buy back its own
shares.
Acquisitions will be made on the Stockholm Stock Exchange (Stockholmsbörsen) at a price
that falls within the registered share price range at the time.
Acquisitions can be made from December 11, 2007 until next year’s Annual General Meeting.
However, no acquisitions will be made during the 30-day period prior to the public release of
quarterly reports, including the date of release.
Rezidor currently holds 350,000 of its own shares. The total number of Rezidor shares
currently in issue is 150,002,040.
|
|
