1st Jun 2005 14:04
InterContinental Hotels Group PLC01 June 2005 1 June 2005 INTERCONTINENTAL HOTELS GROUP PLC ANNOUNCES RESULTS OF COURT MEETING AND EGM FOR THE RETURN OF APPROXIMATELY £1 BILLION TO IHG SHAREHOLDERS InterContinental Hotels Group PLC ("IHG") announces that at the Court Meetingand the EGM held today, shareholders of IHG approved the resolutions connectedwith its proposed capital reorganisation by means of a scheme of arrangement,and its proposed return of approximately £1 billion to IHG shareholders. The expected timetable for the return of funds remains as previously announced,with the listing of New InterContinental Hotels Group PLC ("New IHG") expectedto take place on 27 June 2005 subject to court approval. Details of the votes cast on the resolution proposed at the Court Meeting areset out below. The special resolution at the EGM was passed on a show of handsand details of the proxy votes cast in relation to the EGM resolution are alsoset out below. Court Meeting: The resolution to approve the Scheme of ArrangementFor: 408,062,841Against: 1,170,269 EGM: Special Resolution to approve the capital reorganisation and return of capitalFor: 382,731,529Against: 2,633,616Withheld: 502,091 For further information, please contact InterContinental Hotels Group Media Enquiries Leslie McGibbon +44 (0) 1753 410 425 +44 (0) 7808 094 471 Investor Relations Gavin 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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