InterContinental Hotels Group PLC
13 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 notice
of intention to exercise the over-allotment arrangement granted in respect of 23
million shares in Britvic plc. Once exercised, IHG will have disposed of 100% of
its holding in Britvic plc.
Proceeds of £53 million are expected to be received in relation to the
over-allotment arrangements. This will bring the total proceeds received from
the disposal of IHG's entire interest in Britvic plc (including special
dividends 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 of
1933, as amended, and may not be offered or sold in the United States absent
registration 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. InterContinental
Hotels Group owns, manages, leases or franchises, through various subsidiaries,
almost 3,600 hotels and 539,000 guest rooms in nearly 100 countries and
territories around the world. The Group owns a portfolio of well recognised and
respected hotel brands including InterContinental(R) Hotels & Resorts, Crowne
Plaza(R) Hotels & Resorts, Holiday Inn(R) Hotels and Resorts, Holiday Inn
Express(R), Staybridge Suites(R), Candlewood Suites(R) and Hotel IndigoTM, and
also 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 all
its hotel brands at www.ichotelsgroup.com and information for the Priority Club
Rewards programme at www.priorityclub.com.
For the latest news from InterContinental Hotels Group, visit our online Press
Office at www.ihgplc.com/media.
This information is provided by RNS
The company news service from the London Stock Exchange
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