AccorHotels raises the price offered in its tender offer for Orbis shares to a
final PLN 95.0 per share
On November 26, 2018, AccorHotels launched a Tender Offer for the acquisition
of the 21,800,593 shares of Orbis it not own on the day of the announcement,
representing 47.31% of the share capital (the "Offer"), at a price of PLN 87.0.
AccorHotels announces today a final increase of the offered price from PLN 87.0
to PLN 95.0. Other terms and conditions of the Offer remain unchanged.
PLN 95.0 represent:
- a premium of 30.5% to the closing price of Orbis shares on November 23, 2018
(last close price before the Offer announcement),
- an increase of 9.2% above the previous offered price of PLN 87.0.
The Offer remains unconditional. In accordance with the Tender Offer circular,
the subscription period of the Offer ends on January 18, 2019.
AccorHotels is a world-leading travel & lifestyle group and digital innovator
offering unique experiences in more than 4,600 hotels, resorts and residences
across 100 different countries.
With an unrivaled portfolio of internationally renowned hotel brands
encompassing the entire range from luxury to economy, from upscale to lifestyle
and midscale brands, AccorHotels has been providing savoir-faire and expertise
for more than 50 years.
In addition to its core hospitality business, AccorHotels has successfully
expanded its range of services, becoming the world leader in luxury private
residence rental with more than 10,000 stunning properties around the world.
The Group is also active in the fields of concierge services, co-working,
dining, events management and digital solutions. Relying on its global team of
more than 250,000 dedicated staff, AccorHotels is committed to fulfilling its
primary mission: to make every guest Feel Welcome. Guests have access to one of
the world's most attractive hotel loyalty programs - Le Club AccorHotels.
AccorHotels plays an active role in its local communities and is committed to
promoting sustainable development and solidarity through PLANET 21 Acting Here,
a comprehensive program that brings together employees, guests and partners to
drive sustainable growth.
From 2008, the AccorHotels Solidarity Endowment Fund has acted as a natural
extension of the Group's activities and values, helping to combat the social
and financial exclusion experienced by the most disadvantaged members of
Accor SA is publicly listed on the Euronext Paris Stock Exchange (ISIN code:
FR0000120404) and on the OTC Market (Ticker: ACRFY) in the United States.
For more information or to make a reservation, please visit accorhotels.group
or accorhotels.com. Or join and follow us on Twitter and Facebook.
This material has been prepared by Accor S.A. for marketing purposes only.
Neither this material nor any part thereof constitutes or forms an offer to
sell, subscribe for, acquire or otherwise dispose of any securities, in
particular the shares in Orbis S.A. ("Orbis"). Also, this material does not
constitute a recommendation regarding the disposal or acquisition of any
securities in Orbis or any company from its capital group.
The tender offer circular published in the Polish language on 26 November 2018
with the intermediation of an information agency (with further amendments,
including on 28 December 2018 and on 10 January 2019) shall be the sole legally
binding document regarding the tender offer for the sale of shares in Orbis.
Media relations contacts
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