2014 Registration Document and Annual Financial Report - page 310

Capital and ownership structure
Share capital
6
6.2.4. EMPLOYEE STOCK OWNERSHIP
The first employee share issue, open to participants in the «Accor
en Actions» Corporate Savings Plan, was carried out in France in
1999, with 7,900 employees purchasing shares.
In 2000, Accor launched its first international employee share
issue in 23 countries, demonstrating its commitment to offering
a significant number of employees worldwide the opportunity to
become Accor shareholders by tailoring the plan rules to comply
with legal and tax restrictions in each country. A total of 16,000
people participated in the offer.
International employee share issues were again carried out in 2002
in 25 host countries, with more than 12,600 taking part.
In 2004, another share issue for employees in over 20 countries
took place. A total of 9,100 participated in the offer.
Lastly, in 2007, for the first time, a leveraged employee share
ownership plan was offered in the 26 countries where such plans
are permitted by local legislation, with 8,736 employees purchasing
shares.
At December 31, 2011, 0.97% of the Company’s capital was held
by 17,488 employees through employee stock ownership plans.
At December 31, 2012, 0.69% of the Company’s capital was held
by 11,514 employees through employee stock ownership plans.
At December 31, 2013, 0.62% of the Company’s capital was held
by 10,122 employees through employee stock ownership plans.
At December 31, 2014, 0.552% of the Company’s capital was held
by 8,249 employees through employee stock ownership plans.
6.2.5. SHARES NOT REPRESENTING CAPITAL
None.
Registration Document 2014
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