After completing the initial tranche of its share buyback program for €350 million in November, AccorHotels has revealed the launch of a second tranche for an amount of €500 million.
The purchase period will start today and run until June 20th, without being shorter than three months.
The average price per share will be determined on the basis of the arithmetic mean of the volume-weighted average prices during the duration of the agreement.
This price shall not exceed the maximum price of €70 set by the combined ordinary and extraordinary shareholders’ meeting of April 20th this year.
The group will maintain the suspension of its liquidity agreement for the duration of this program.
AccorHotels is a leading travel group offering experiences in more than 4,600 hotels, resorts and residences across 100 different countries.