25th Nov 2005 07:06
InterContinental Hotels Group PLC25 November 2005 25 November 2005 INTERCONTINENTAL HOTELS GROUP PLC ('the Company') POSTING OF SUPPLEMENTARY LETTER IN RELATION TO DISPOSAL OF INTEREST IN BRITVIC The Company will today post a Supplementary Letter to shareholders (other thanshareholders in the United States), providing an update to the Class 1 Circularposted on 16 November 2005 regarding the proposed disposal of the Company'sinterest in Britvic plc by way of an initial public offering ("IPO"). Thepurpose of the Supplementary Letter is to provide Shareholders with additionalinformation relating to the offer price range for the IPO and the estimatedproceeds to be received by the Company. At the time of the Circular, the offer price range for the IPO had not beendetermined. The offer price range has now been determined by the Company,together with the other selling shareholders in consultation with Britvic plcand the joint global co-ordinators. The Company will offer for saleapproximately 77 million Britvic shares at an indicative price range of 210p to250p per Britvic share. This represents 75% of the Company's holding in Britvicplc. The Company has also granted an over-allotment option. Copies of the Supplementary Letter will be sent to the UK Listing Authority andwill be available for inspection at the UK Listing Authority's Document ViewingFacility, situated at: Financial Services Authority 25 The North Colonnade Canary Wharf London E14 5HS This information is provided by RNS, the company news service from the LondonStock Exchange. For further information, please contact: Investor Relations (Gavin Flynn/Paul Edgecliffe-Johnson): +44 (0) 1753 410 176 +44 (0) 7808 098 972Media 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. 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:
InterContinental Hotels