The Rezidor Hotel Group utilizes repurchase authorization to guarantee share matching in Long Term Incentive Plan

10 Aug 2007


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.