InterContinental Hotels Group PLC
25 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 than
shareholders in the United States), providing an update to the Class 1 Circular
posted on 16 November 2005 regarding the proposed disposal of the Company's
interest in Britvic plc by way of an initial public offering ("IPO"). The
purpose of the Supplementary Letter is to provide Shareholders with additional
information relating to the offer price range for the IPO and the estimated
proceeds to be received by the Company.
At the time of the Circular, the offer price range for the IPO had not been
determined. The offer price range has now been determined by the Company,
together with the other selling shareholders in consultation with Britvic plc
and the joint global co-ordinators. The Company will offer for sale
approximately 77 million Britvic shares at an indicative price range of 210p to
250p per Britvic share. This represents 75% of the Company's holding in Britvic
plc. The Company has also granted an over-allotment option.
Copies of the Supplementary Letter will be sent to the UK Listing Authority and
will be available for inspection at the UK Listing Authority's Document Viewing
Facility, 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 London
Stock Exchange.
For further information, please contact:
Investor Relations (Gavin Flynn/Paul Edgecliffe-Johnson): +44 (0) 1753 410 176
+44 (0) 7808 098 972
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. In addition to this,
InterContinental Hotels Group has a 47.5% interest in Britvic, one of the two
leading manufacturers of soft drinks, by value and volume, in Great Britain.
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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