13th Dec 2005 10:45
InterContinental Hotels Group PLC13 December 2005 13 December 2005 INTERCONTINENTAL HOTELS GROUP PLC ANNOUNCEMENT OF DISPOSAL OF REMAINING INTEREST IN BRITVIC PLC InterContinental Hotels Group PLC ("IHG") announces that it has received noticeof intention to exercise the over-allotment arrangement granted in respect of 23million shares in Britvic plc. Once exercised, IHG will have disposed of 100% ofits holding in Britvic plc. Proceeds of £53 million are expected to be received in relation to theover-allotment arrangements. This will bring the total proceeds received fromthe disposal of IHG's entire interest in Britvic plc (including specialdividends but before deducting any commissions or expenses) to £371 million. For further information, please contact: Investor Relations (Gavin Flynn/Paul Edgecliffe-Johnson): +44 (0) 1753 410 176 Media Affairs (Leslie McGibbon): +44 (0) 1753 410 425 +44 (0) 7808 094 471 Note: The Britvic Shares have not been registered under the US Securities Act of1933, as amended, and may not be offered or sold in the United States absentregistration or an exemption from the registration requirements of such Act.There will be no public offering in the United States. Note to Editors: InterContinental Hotels Group PLC of the United Kingdom (LON:IHG, NYSE:IHG(ADRs)) is the world's largest hotel group by number of rooms. InterContinentalHotels Group owns, manages, leases or franchises, through various subsidiaries,almost 3,600 hotels and 539,000 guest rooms in nearly 100 countries andterritories around the world. The Group owns a portfolio of well recognised andrespected hotel brands including InterContinental(R) Hotels & Resorts, CrownePlaza(R) Hotels & Resorts, Holiday Inn(R) Hotels and Resorts, Holiday InnExpress(R), Staybridge Suites(R), Candlewood Suites(R) and Hotel IndigoTM, andalso manages the world's largest hotel loyalty programme, Priority Club(R)Rewards, with over 27 million members worldwide InterContinental Hotels Group offers information and online reservations for allits hotel brands at www.ichotelsgroup.com and information for the Priority ClubRewards programme at www.priorityclub.com. For the latest news from InterContinental Hotels Group, visit our online PressOffice at www.ihgplc.com/media. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
InterContinental HotelsBritvic