Decisions at the Annual General Meeting on April 25, 2012
The Annual General Meeting of Rezidor Hotel Group AB was held today, April 25, 2012 in Stockholm. During the meeting, the following decisions were taken:
Dividend: It was decided that no dividend will be paid for the year 2011 and that the distributable funds are brought forward.
Board of Directors: The following members were re-elected: Elizabeth Bastoni, Staffan Bohman, Göte Dahlin, Hubert Joly, Anders Moberg, Wendy Nelson, Trudy Rautio and Barry Wilson. Hubert Joly was re-elected as Chairman of the Board of Directors.
Principles for compensation and other employment terms of the Company’s key management: the AGM approved the Board of Directors’ proposal for principles for compensation and other employment terms of the Company’s key management.
Share buy-back: The Board of Directors was authorised until the AGM 2013 to decide on acquisitions and transfers of the company’s shares on Nasdaq OMX Stockholm and acquisitions of the company’s own shares outside Nasdaq OMX Stockholm. Shares may be acquired 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.
For further information, please contact:
Senior Vice President and General Counsel and Secretary to the Board
The Rezidor Hotel Group
Tel: +32 2 702 93 08
About the Rezidor Hotel Group
The Rezidor Hotel Group is one of the fastest growing hotel companies worldwide and a member of the Carlson Rezidor Hotel Group, one of the world’s ten largest hotel groups. Rezidor features a portfolio of 427 hotels in operation and under development with over 93,000 rooms in 69 countries. Rezidor operates the brands Radisson Blu and Park Inn by Radisson in Europe, the Middle East and Africa, along with the Club Carlson loyalty programme for frequent hotel guests. Under a worldwide licence agreement with the iconic Italian fashion house Missoni, Rezidor also operates and develops the luxury lifestyle brand Hotel Missoni.
In November 2006, Rezidor was listed on the Stockholm Stock Exchange. Carlson, a privately held, global hospitality and travel company, based in Minneapolis (USA), is the majority shareholder.