on ACCOR (EPA:AC)
Accor Adjusts Conversion Ratio for Convertible Bonds ISIN FR0013521085
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, referred to as OCEANEs, due 2027. This adjustment takes effect from 07 June 2024.
The company has stated that following the payment of a dividend of €1.18 per share to its shareholders on the same date, the conversion ratio will change. Initially, the ratio was set at 1.033 shares per OCEANE. Post-dividend, the new conversion ratio will be 1.064 shares per OCEANE.
R. P.
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