TIDMIHG
RNS Number : 8995M
InterContinental Hotels Group PLC
11 January 2019
InterContinental Hotels Group PLC ("IHG" or the "Company")
Results of General Meeting: Special Dividend and Share
Consolidation
At IHG's General Meeting held today, Friday, 11 January 2019,
Shareholders approved both of the Resolutions set out in the Notice
of General Meeting sent to Shareholders on Friday, 14 December
2018. These Resolutions were in connection with IHG's proposed
Share Consolidation and the obtaining of a new authority to enable
the Company to make market purchases of its New Ordinary Shares
following the implementation of the Share Consolidation.
Special Dividend
The Share Consolidation was proposed in the context of a Special
Dividend of US$2.621 per Existing Ordinary Share or per ADS (as
applicable) immediately prior to the Share Consolidation. Following
today's approval of both of the Resolutions by Shareholders, the
Board has approved the payment of the Special Dividend to
Shareholders on the Register as at 6.00pm today, Friday, 11 January
2019, in Pounds Sterling and to ADR holders on the ADR register as
at 4.00pm (New York time) today, Friday, 11 January 2019 (being the
close of business on the day before the ADR effective date), in US
dollars, such dividend to be paid on Tuesday, 29 January 2019. The
corresponding amount in Pounds Sterling of the Special Dividend
will be announced on 17 January 2019, calculated based on the
average of the market exchange rates for the three dealing days
commencing 14 January 2019.
Listing and Trading Application
Application has been made for 187,717,720 New Ordinary Shares of
20 (340) /(399) pence to be admitted to the premium segment of the
Official List to the UK Listing Authority and to be admitted to
trading on the London Stock Exchange's main market for listed
securities to the London Stock Exchange. It is expected that
dealings in the New Ordinary Shares will commence at 8.00am on
Monday, 14 January 2019 and that dealings in the New ADSs will
commence at 9.30am (New York time) on Monday, 14 January 2019.
Results of General Meeting
Voting was conducted by way of a poll on both the Resolutions
proposed at the General Meeting. The number of votes for and
against each of the Resolutions put before the General Meeting, the
percentage of the Company's issued share capital (excluding
treasury shares) voted and the number of votes withheld were as
follows:
Resolution Votes % Votes Against % Total % of Votes
For Votes issued Withheld
share
capital
voted
Consolidation
1. of share capital 145,973,573 99.93 101,176 0.07 146,074,749 76.57% 613,375
------------------ ------------ ------ -------------- ----- ------------ --------- ----------
Authority to
purchase own
2. shares 145,927,506 99.51 712,248 0.49 146,639,754 76.87% 48,371
------------------ ------------ ------ -------------- ----- ------------ --------- ----------
NOTES:
1. The 'For' vote includes those giving the Chairman discretion.
2. Votes 'Withheld' are not counted in the calculation of the
proportion of votes 'For' or 'Against' a resolution.
3. The total number of Existing Ordinary Shares in issue
(including treasury shares) on Friday, 11 January 2019 was
197,597,600. The Company holds 6,827,020 treasury shares.
4. Copies of both Resolutions will be submitted to the UK
Listing Authority via the National Storage Mechanism and will be
available in due course for inspection at
www.morningstar.co.uk/uk/nsm
All definitions used in the Circular to Shareholders dated 14
December 2018 have the same meaning when used in this
announcement.
For further information
Investor Relations (Heather Wood; Matthew Kay) +44 (0)1895 512 176 +44 (0)7527 419 431
Media Relations (Yasmin Diamond; Mark Debenham) +44 (0)1895 512 097 +44 (0)7527 424 046
Goldman Sachs International, which is authorised by the PRA and
regulated in the United Kingdom by the FCA and the PRA, is acting
as a corporate broker to InterContinental Hotels Group PLC and
no-one else in connection with the Special Dividend and Share
Consolidation and will not be responsible to anyone other than
InterContinental Hotels Group PLC for providing the protections
afforded to clients of Goldman Sachs International nor for
providing advice in connection with the proposed Special Dividend
and Share Consolidation or the contents of this document or any
other matter referred to herein.
Notes to Editors:
IHG(R) (InterContinental Hotels Group) [LON:IHG, NYSE:IHG
(ADRs)] is a global organisation with a broad portfolio of hotel
brands, including Regent Hotels & Resorts, InterContinental(R)
Hotels & Resorts, Kimpton(R) Hotels & Restaurants, Hotel
Indigo(R) , EVEN(R) Hotels, HUALUXE(R) Hotels and Resorts, Crowne
Plaza(R) Hotels & Resorts, voco(TM), Holiday Inn(R) , Holiday
Inn Express(R) , Holiday Inn Club Vacations(R) , Holiday Inn
Resort(R) , avid(R) hotels, Staybridge Suites(R) and Candlewood
Suites(R) .
IHG franchises, leases, manages or owns more than 5,500 hotels
and approximately 826,000 guest rooms in almost 100 countries, with
more than 1,800 hotels in its development pipeline. IHG also
manages IHG(R) Rewards Club, our global loyalty programme, which
has more than 100 million enrolled members.
InterContinental Hotels Group PLC is the Group's holding company
and is incorporated in Great Britain and registered in England and
Wales. More than 375,000 people work across IHG's hotels and
corporate offices globally.
Visit www.ihg.com for hotel information and reservations and
www.ihgrewardsclub.com for more on IHG Rewards Club. For our latest
news, visit: www.ihgplc.com/media and follow us on social media at:
www.twitter.com/ihg, www.facebook.com/ihg and
www.youtube.com/ihgplc.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
ROMCKDDBDBKDPDD
(END) Dow Jones Newswires
January 11, 2019 06:32 ET (11:32 GMT)
Intercontinental Hotels (LSE:IHG)
Historical Stock Chart
From Apr 2024 to May 2024
Intercontinental Hotels (LSE:IHG)
Historical Stock Chart
From May 2023 to May 2024