1st Jun 2007 14:48
InterContinental Hotels Group PLC01 June 2007 1 June 2007 INTERCONTINENTAL HOTELS GROUP PLC ANNOUNCES RESULTS OF EXTRAORDINARY GENERAL MEETING InterContinental Hotels Group PLC ("IHG" or the "Company") announces that at theEGM held today, Shareholders approved the Resolutions connected with IHG'sproposed Share Consolidation and the renewal of the authority to enable theCompany to continue to make market purchases of its Ordinary Shares followingthe Share Consolidation. The Share Consolidation was proposed in the context of a special interimdividend of 200 pence per share, payable on the Company's Existing OrdinaryShares immediately prior to the Share Consolidation. IHG has elected to pay theSpecial Dividend to all ADR holders in US Dollars. The rate to be paid by theCompany will be US$4.00 per existing ADS. The expected timetable remains aspreviously announced. The Special Dividend is expected to be paid on 15 June2007 to Shareholders on the Register on 1 June 2007. Application has been made for 299,132,440 IHG Ordinary Shares of 1329/47 penceto be admitted to the Official List of the UK Listing Authority and to beadmitted to trading on the London Stock Exchange. Application has also beenmade for a further 3,334,286 IHG Ordinary Shares of 1329/47 pence to be blocklisted. The block listings consist of 2,034,634 shares under the IHG ExecutiveShare Option Plan and 1,299,652 shares under the IHG Sharesave Plan. It isexpected that dealings in the new shares will commence on 4 June 2007. Voting was conducted by way of a poll on both the Resolutions proposed at theEGM. Details of the votes cast are set out below: Ordinary Resolution to approve the Share Consolidation For 168,083,468Against 352,223 Special Resolution to grant a new authority to make market purchases of NewOrdinary Shares For 168,061,397Against 245,426 All definitions used in the Circular to Shareholders dated 4 May 2007 have thesame meaning when used in this announcement. InterContinental Hotels Group Investor Relations Paul Edgecliffe-Johnson +44 (0) 1753 410 176 Heather Ward Media Enquiries Leslie McGibbon +44 (0) 1753 410 425 JPMorgan Cazenove David Clasen +44 (0) 20 7588 2828 JPMorgan Cazenove, which is regulated in the United Kingdom by the FinancialServices Authority, is acting exclusively for the Company and for no one else inconnection with the Special Dividend and Share Consolidation and will not beresponsible to any other persons for providing the protections afforded to theclients of JPMorgan Cazenove, nor for providing advice to any other person inrelation to the Special Dividend and Share Consolidation. Note to Editors InterContinental Hotels Group PLC (IHG) of the United Kingdom (LON:IHG, NYSE:IHG(ADRs)) is the world's largest hotel group by number of rooms. IHG owns,manages, leases or franchises, through various subsidiaries, over 3,700 hotelsand more than 558,000 guest rooms in nearly 100 countries and territories aroundthe world. IHG owns a portfolio of well recognised and respected hotel brandsincluding InterContinental(R) Hotels & Resorts, Crowne Plaza(R) Hotels &Resorts, Holiday Inn(R) Hotels and Resorts, Holiday Inn Express(R), StaybridgeSuites(R), Candlewood Suites(R) and Hotel Indigo(R), and also manages theworld's largest hotel loyalty programme, Priority Club(R) Rewards with over 33million members worldwide. The Company pioneered the travel industry's first collaborative response toenvironmental issues as founder of the International Hotels and EnvironmentInitiative (IHEI). The IHEI formed the foundations of the Tourism Partnershiplaunched by the International Business Leaders Forum in 2004, of which IHG isstill a member today. The environment and local communities remain at the heartof IHG's global corporate responsibility focus. IHG offers information and online reservations for all its hotel brands atwww.ihg.com and information for the Priority Club Rewards programme atwww.priorityclub.com. For the latest news from IHG, visit our online Press Office at www.ihg.com/media This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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