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To be a shareholder
To be a shareholder
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 What
does it mean to be an Accor shareholder?
Buying Accor shares gives you ownership of part of
its capital. As a co-owner of
the company,
you are
involved in its development but also in
its risks. The later are, however, limited to the total amount
of
your investment, whatever the total debts of the company may be.
This is one of the basic principles of public limited companies.
The stock exchange allows the company to procure the long-term investment
it needs to ensure its development, whilst providing investors with
the possibility of recovering the liquid assets of their investment
at any time.
By buying Accor shares you are investing in the development of
the Group within a sector showing strong growth, and also in its
profit-making
capacity, whilst ensuring a liquid investment for yourself. In
fact, Accor features in the CAC 40 index - a reference index made
up of
the 40 most important and buoyant stocks on the "Compartiment
A" of the Paris Stock Exchange.
Being a shareholder automatically entitles you to fundamental rights:
- A share in Accor's profits in the shape of an annual dividend.
- A vote at the General Meetings.
Your opinion is sought at every important moment in the life of
the company, from approval of the annual accounts to the election
of members of the Supervisory Board and auditors, as well as changes
to the by-laws or increases in capital.
- Detailed information enabling you
to make decisions in full knowledge of the facts. Accounts are published
twice a year and sales are published quarterly. All information
likely to be useful to shareholders is published continuously.
- The right to take part in capital transactions. This involves
the right to preferential allotment if Accor decides to make a public
issue, allotment rights if Accor raises the nominal value of shares
or if the company creates new shares by transforming stock belonging
to the shareholders into capital. However, this right can be revoked
by a vote at the General Meeting.
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What
kind of documents and other information can I find?
All information regarding Accor is available on
this website.
Printed documents
are the followings:
- The illustrated annual
report presents the Group and its business for the last year with
key results covering several years. If you require details and an
analysis of all the consolidated accounts, resolutions voted at the
general meeting and all legal information on the company, you will
need, in addition to the annual report, the reference
document registered every year since 1990 by the AMF
(Autorité des marchés financiers). On the other hand, if a succinct
and illustrated presentation of Accor suits you better, the identity
card is ideal.
- The half-yearly Letter
to Shareholders will be personally addressed to you if your shares
are registered, if you are a member of the Shareholder Club or if
you hold 250 or more bearer shares, as identified in the last inquiry
carried out by Euroclear France for Accor. It is send during the month
following the publication of the annual and intermediate half-yearly
results (in April and October).
- Accor publishes all its financial announcements relating to the
publication of its results, revenues, minutes of the general meeting
and all other event likely to interest its shareholders, in the French
press (see press releases).
The press also gives the Group wide coverage in other respects.
- All documents recorded by the AMF
concerning financial
deals involving Accor are also available on simple request and
on this website, and are often published in the press.
- Finally, Accor publishes in the Bulletin des Annonces Légales
Obligatoires all the information regarding its results, sales figures,
general meetings, dividends, and capital transactions etc.
Information is available by phone on +33 1 45 38 86 94 |
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What
is the best way to hold my shares?
You have to choose between :
- "Direct" registered shares are registered with Accor.
Société Générale, Accor's transfer agent,
is the custodian.
- "Indirect" registered shares are registered with Accor,
but kept by a financial intermediary of your choice, who manages them.You
benefit from the same advantages than for direct registered shares,
except free custodial fees.
- Bearer shares are registered with the financial intermediary of
your choice. Accor does not know who you are, except when it asks
Euroclear France to conduct a survey of financial intermediaries.
But all your shares can be on the same share account.
Registering your shares with Accor offers the following advantages:
- No custodial fees.
- You obtain information directly and automatically via the shareholders'
letters, notices
of shareholders' meetings, attendance card request forms, postal voting
forms and document request forms.
- Each share registered with the same shareholder for over two years
has double voting rights.
Shares must be transferred to the bearer before transactions may be
made. This transfer is now made immediately and free of charge.
To register your Accor shares, simply ask your financial intermediary
or contact Accor's transfert agent, Société Générale
at:
Division Emetteurs
Service Nominatif
32, rue du Champ de Tir
BP 81236 44312 Nantes cédex 3
Tel: 33.(0).2.51.85.67.89
Société Générale will automatically open
an account for you at no cost.
Your orders must be sent to Société Générale
or on www.nominet.socgen.com
and, if you are buying, your account must be credited with an amount
corresponding to 50% of the sum total of your order. For all sales
transactions, your shares are transferred to the bearer immediately
and with no extra charge. Every order is transmitted to the market
as soon as it is received. Société Générale
does not currently offer a Deferred Payment Service for registered
shares.
For your information, Société Générale
charges the following transactions fees:
- 0.60% of the net-of-VAT amount of transactions less than 75,000
euros, with a minimum of 9 euros per order
- 0.50% of the net-of-VAT amount of transactions from 75,000 to 150,000
euros
- 0.40% of the net-of-VAT amount of transactions above 150,000 euros
Plus the value-added tax (VAT) (19.60% in France).
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How
do I register my shares?
You can download the form
to and send them to Société Générale
32 rue du Champ de Tir
BP 81236
44312 Nantes cedex 3 - France
Should you need more information, please call +33 1 45 38 86 94.
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How
do I vote at the Shareholders' Meeting? You may be eligible to vote at the Annual Meeting only if your shares have been recorded in the Company share register or with an authorized financial intermediary on the third day preceding the date of the Annual Meeting, announced by Accor information, and in particular in the “Bulletin des Annonces Légales Obligatoires” (BALO).
If your Accor shares are registered, you will be sent a notice of
meeting along with all of the documents you need to vote, which include
a meeting attendance card request form, a proxy and postal voting
form and a form for requesting various documents and information,
such as financial statements and auditors' reports. You may choose
to attend the meeting by requesting an attendance card, or vote by
mail, or grant proxy to the Chairman of the Meeting or to a
spouse or other designated Accor shareholder.
If your shares are in bearer form, you must request the above documents
from your financial intermediary (i.e. bank, brokerage, etc., who
received them from Accor approximately three weeks before the meeting
day), as well as a certificate of ownership indicating that the shares have been recorded in your account. The
certificate must be sent to Société Générale
(Service des Assemblées Générales, 32, rue du
Champ de Tir, BP 81236, 44312 Nantes cédex 3 - France) along
with your attendance card request form among two days before the meeting.
If you do not receive your attendance card, you may still obtain one
when you come to the meeting by presenting your share ownership certificate.
Please try to avoid this if at all possible. To vote by proxy or mail
you must send your share ownership certificate with the necessary
forms.
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How
are the dividends
paid?
You don't have to do anything to receive your annual
dividend from Accor. The dividend is automatically credited
to your shares account by your financial intermediary who receives the
corresponding funds from Accor, via the Société Générale
bank which takes care of its securities.
To be entitled to a dividend, you simply have to own shares at the
date when the "coupon is clipped" from the share, i.e. the date
on which the share price is mathematically reduced by the amount
of the
dividend.
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