The Rezidor Hotel Group utilizes part of repurchase authorization
Following the authorization of the Annual General Meeting 2007 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's
Board of Directors has decided to use up to 10 MEUR to buy back the company's
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 March 7th, 2008 until the Annual General Meeting
2008. However, no acquisitions will be made during the 30-day period prior to
the public release of quarterly reports, including the date of release. The
company releases the Q1 results on April 23rd, 2008.
Rezidor currently holds 1,025,000 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 2 702 9224, 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 322 hotels in operation and under
development with almost 66.000 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 (42%).
The Corporate Office of the Rezidor Hotel Group is based in Brussels, Belgium.
For more information on Rezidor, visit www.Rezidor.com
