Accor Adjusts Conversion Ratio of Convertible Bonds

Accor SA has informed bondholders of a key adjustment related to its €499,999,954.68 Senior Unsecured Bonds, convertible into new shares and/or exchangeable for existing shares (OCEANEs) due 2027. This adjustment follows the payment of a dividend of €1.35 per share on June 3, 2026.

As per Condition 2.6.B.10, the company will adjust the Conversion/Exchange Ratio from the previous 1.094 shares per OCEANE to 1.126 shares per OCEANE, effective immediately from June 3. This change impacts the outstanding principal amount of the bonds, which is currently €455,967,412.68.

Accor, a prominent hospitality group, manages over 5,600 hotels globally. The adjustment underscores Accor's commitment to maintaining shareholder value while continuously adapting its financial strategies.