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Decisions at the Annual General Meeting on April 13, 2011


The Annual General Meeting of Rezidor Hotel Group AB was held today, April 13, 2011 in Stockholm. During the meeting, the following decisions were taken:

Dividend: It was decided that no dividend will be paid for the year 2010 and that the distributable funds are brought forward.

Board of Directors: The following members were re-elected: Göte Dahlin, Hubert Joly, Wendy Nelson, Trudy Rautio and Barry Wilson. Elizabeth Bastoni, Staffan Bohman och Anders Moberg were elected to the Board of Directors. Hubert Joly was elected as Chairman of the Board of Directors.

Share based long term incentive programme: It was decided that a partly revised long-term, performance-based incentive programme for 2011 will be implemented. It will comprise no more than 35 senior executives within Rezidor. The term of the programme will be 3 years, and the programme will in total comprise no more than 1,342,650 shares. The financial targets, and thus the allotment of Performance Shares, will be based 75% on the company’s TSR out of which 75% is relative to a comparator group of 10 publicly traded international hotel companies and 25% is related to OMX 30 Index. 25% of the financial targets is based on the company’s cumulative EPS during 2011 to 2013. They also include a minimum level which must be achieved in order for any allotment to occur at all, as well as a maximum level in excess of which no additional allotment will occur. Complete details on the programme can be found at http://www.rezidor.com/.

Share buy-back: The Board of Directors was authorised until the AGM 2012 to decide on acquisitions of the company’s shares on Nasdaq OMX Stockholm. Shares may be acquired to the extent that the company’s holding of its own shares following the acquisition at the most reaches one-tenth of all shares in the company.

For further information, please contact:
Marianne Ruhngård
Senior Vice President and General Counsel and Secretary to the Board
The Rezidor Hotel Group
Tel: +32 2 702 93 08
E-mail: agm@rezidor.com

About the Rezidor Hotel Group
The Rezidor Hotel Group is one of the fastest growing hotel companies in the world. The group features a portfolio of more than 400 hotels in operation and under development with more than 88,000 rooms in over 60 countries.

Rezidor operates the brands Radisson Blu Hotels & Resorts, Regent Hotels & Resorts, Park Inn by Radisson and Country Inns & Suites in Europe, Middle East and Africa, along with the Club Carlson loyalty programme for frequent hotel guests. Rezidor has signed a worldwide license agreement with the Italian fashion house Missoni, in order to develop and operate a lifestyle hotel brand of the same name: Hotel Missoni.

In November 2006, Rezidor was listed on the Stockholm Stock Exchange. Carlson, a privately held, global hospitality and travel company, based in Minneapolis (USA), is the majority shareholder.

The Corporate Office of the Rezidor Hotel Group is based in Brussels, Belgium.

For more information on Rezidor, visit www.rezidor.com

 

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Rezidor Hotel Group Ab's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.