on ACCOR (EPA:AC)
Accor Adjusts Conversion Ratio Following Dividend Payment
Accor SA has announced an adjustment to the Conversion/Exchange Ratio for its €499,999,954.68 Senior Unsecured Bonds Convertible into New Shares and/or Exchangeable for Existing Shares (OCEANEs) due 2027. The adjustment comes in response to a Dividend payment of €1.26 per Share made to shareholders on June 4, 2025. As a result, the Conversion/Exchange Ratio will increase from 1.064 Share per each OCEANE to 1.094 Share per each OCEANE, effective immediately. This adjustment follows Condition 2.6.B.10 of the Bonds' terms and conditions.
R. H.
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