Accor Hotels - Paris - The General Meeting of Shareholders, chaired by Sebastien Bazin, Chairman and Chief Executive Officer, was held behind closed doors today due to the health context.

Shareholders were able to vote until the day before, Wednesday April 28, at 3 p.m. The quorum was 76.62% of the shares.

Shareholders had the opportunity to ask questions prior to the General Meeting, as well as during the Meeting via a dedicated platform.

During the General Meeting, Sebastien Bazin spoke of the difficulties that the sector has been facing for over a year, as well as the priorities of the Accor Group in 2021, its strengths, its strong positioning in the Lifestyle segment and the major consumption trends expected in the coming years. It also provided an update on the solidarity initiatives carried out by the All Heartist Fund since its creation in April 2020, and on the Group's commitments in terms of Social and Environmental Responsibility.

Jean-Jacques Morin, Deputy Chief Executive Officer, reviewed the results for fiscal year 2020 and the measures put in place to ensure the strength of its balance sheet, in particular by preserving its liquidity, and to improve its operating leverage.

He also discussed the implementation of the Reset plan which will strengthen the Group's performance from 2021, its organic development and the key activity figures for the first quarter of 2021.

No dividend will be paid in 2021 for fiscal year 2020.

All resolutions submitted to the Shareholders' Meeting were approved.

(C) 2021 Electronic News Publishing, source ENP Newswire