The Rezidor Hotel Group utilizes part of repurchase authorization
The Annual General Meeting 2007 authorized the Board of Directors to decide to
repurchase shares 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. Rezidor is announcing that the Board has decided to utilize part of the
authorization and use up to 3 MEUR to buy back its own shares.
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 December 11, 2007 until 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 holds 350,000 of its own shares. The total number of Rezidor
shares currently in issue is 150,002,040.
For further information, please contact:
The Rezidor Hotel Group
Per Blixt
Senior Vice President Corporate Communications & Investor Relations
Tel. +32 477 760 267
Per.Blixt@Rezidor.com
About the Rezidor Hotel Group:
The Rezidor Hotel Group is one of the fastest growing hotel companies in the
world. The group features a portfolio of 309 hotels in operation and under
development with more than 63,000 rooms in 48 countries.
Rezidor operates the brands Radisson SAS Hotels & Resorts, Regent Hotels &
Resorts, Park Inn and Country Inns & Suites in Europe, Middle East and Africa,
along with the goldpoints plusSM loyalty programme for frequent hotel guests.
Rezidor has signed a worldwide license agreement with the Italian fashion house
Missoni, in order to develop and operate a lifestyle hotel brand of the same
name: Hotel Missoni.
In November 2006, Rezidor was listed on the Stockholm Stock Exchange. Carlson
Companies is the main shareholder (41.7%).
The Corporate Office of the Rezidor Hotel Group is based in Brussels, Belgium.
For more information on Rezidor, visit www.Rezidor.com.
