The Rezidor Hotel Group utilizes repurchase authorization to guarantee share matching in Long Term Incentive Plan
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The Rezidor Hotel Group utilizes repurchase authorization to guarantee share matching in Long Term Incentive Plan
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Category: Worldwide
This is a press release selected by our editorial committee and published online for free on 2007-08-10
The Annual General Meeting 2007 of Rezidor authorized the Board of Directors to decide to
repurchase the company’s shares in order to guarantee the share matching in the Long Term
Incentive Plan. Rezidor is announcing that the Board has decided to utilize part of its
authorization.
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 10 August 2007 until the conclusion of 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 does not own any of its own shares. The total number of Rezidor shares
currently in issue is 150,002,040. The highest number of shares which in total are intended to
be repurchased is 1,250,000.
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