30th Jun 2005 09:33
InterContinental Hotels Group PLC30 June 2005 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION INTO AUSTRALIA, CANADA OR JAPAN INTERCONTINENTAL HOTELS GROUP PLC 30 JUNE 2005 IHG Reduction of Capital At a hearing of the High Court of Justice in England and Wales on 29 June 2005,the Court approved the proposed reduction of capital (the "Reduction") ofInterContinental Hotels Group PLC ("IHG"). The Reduction became effectiveearlier today when the nominal value of each ordinary share was reduced from 625pence to 10 pence. The Reduction facilitates the creation of distributablereserves in IHG, providing additional financial flexibility going forward. Citigroup Global Markets Limited is acting for IHG and no-one else in connectionwith the transaction of which the Reduction forms part and will not beresponsible to anyone other than IHG for providing the protections afforded toits clients or for providing advice in relation to the transaction or thecontents of this announcement. This announcement does not constitute an offer or invitation to purchasesecurities. For further information, please contact InterContinental Hotels Group Media EnquiriesLeslie McGibbon +44 (0) 1753 410 425 +44 (0) 7808 094 471 Investor RelationsGavin Flynn, Paul Edgecliffe-Johnson +44 (0) 1753 410 176 +44 (0) 7808 098 972 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,more than 3,500 hotels and 535,000 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 more than 24 million members worldwide. In addition to this,InterContinental Hotels Group has a 47.5% interest in Britvic, one of the twoleading manufacturers of soft drinks, by value and volume, in Great Britain. 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:
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