Press release
Paris, April 29, 2021
Combined Ordinary and Extraordinary
Shareholders' Meeting
The General Meeting of Shareholders, chaired by Sébastien 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, Sébastien 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.
ABOUT ACCOR
Accoris a world leading hospitality group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. The group has one of the industry's most diverse and fully-integrated hospitality ecosystems encompassing luxury and premium brands, midscale and economy offerings, unique lifestyle concepts, entertainment and nightlife venues, restaurants and bars, branded private residences, shared accommodation properties, concierge services, co-working spaces and more. Accor also boasts an unrivalled portfolio of distinctive brands and mora than 260,000 team members worldwide. 68 million members benefit from the company's comprehensive loyalty program ALL - Accor Live Limitless- a daily lifestyle companion that provides access to a wide variety of rewards, services and experiences. Through its Planet 21 - Acting Here, Accor Solidarity, RiiSE and ALL Heartist Fund initiatives, the group is focused on driving positive action through business ethics, responsible tourism, environmental sustainability, community engagement, diversity and inclusivity. Founded in 1967, Accor SA is headquartered in France and publicly listed on the Euronext Paris Stock Exchange (ISIN code: FR0000120404) and on the OTC Market (Ticker: ACCYY) in the United States. For more information visit group.accor.comor follow Accor on Twitter,Facebook,LinkedInand Instagram.
Media Relations
Charlotte Thouvard | Line Crieloue |
SVP Global Communications | Corporate Executive Director |
T. +33 (0)1 45 38 19 14 | Group External Communications |
charlotte.thouvard@accor.com | T. +33 (0)1 45 38 18 11 |
line.crieloue@accor.com |
Investor and Analyst Relations
Pierre-Loup Etienne
SVP Financial communication and Investor Relations
T. +33 (0)1 45 38 47 76 pierre-loup.etienne@accor.com
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Accor SA published this content on 29 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2021 14:27:02 UTC.