Result of AGM

RNS Number : 3574E
InterContinental Hotels Group PLC
05 May 2017
 

5 May 2017

InterContinental Hotels Group PLC ("IHG" or the "Company")

Results of 2017 Annual General Meeting: Special Dividend and Share Consolidation

 

The Annual General Meeting of InterContinental Hotels Group PLC was held on 5 May 2017. All resolutions set out in the Notice of AGM sent to Shareholders on 4 April 2017 were duly passed, including the resolution in connection with IHG's proposed Share Consolidation.

 

Special Dividend

The Share Consolidation was proposed in the context of a Special Dividend of US$2.025 per Existing Ordinary Share or per ADS (as applicable) immediately prior to the Share Consolidation. Following today's approval of all of the resolutions by Shareholders, the Board has approved the payment of the Special Dividend of US$2.025 per Existing Ordinary Share or per ADS (as applicable) to Shareholders on the Register as at 6.00pm today, 5 May 2017, in Pounds Sterling and to ADR holders on the ADR register as at 4.00pm (New York time) today, 5 May 2017 (being the close of business on the day before the ADR effective date), in US dollars. The Pounds Sterling amount to be paid in respect of the Special Dividend will be announced on 11 May 2017, based on the average of the market exchange rates on the three dealing days commencing 8 May 2017, using the WM/Reuters closing midpoint spot rate as at 4:00pm (London time). The Special Dividend is expected to be paid to Shareholders and to holders of ADRs on 22 May 2017.

 

Listing and Trading Application

Application has been made for 197,597,610 New Ordinary Shares of 19 17/21 pence (including 7,607,430 treasury shares) to be admitted to the premium segment of the Official List to the UK Listing Authority and to be admitted to trading on the London Stock Exchange's main market for listed securities to the London Stock Exchange. It is expected that dealings in the New Ordinary Shares will commence on 8 May 2017.

 

Results of Annual General Meeting

Voting was conducted by way of a poll on all resolutions proposed at the Annual General Meeting. The number of votes for and against each of the resolutions put before the Annual General Meeting and the number of votes withheld were as follows:


RESOLUTION

VOTES FOR

%

VOTES AGAINST

%

TOTAL VOTES

VOTES WITHHELD

1

Report and Accounts 2016

125,739,484

99.91

108,005

0.09

125,847,489

71,002

2

Directors' Remuneration Policy

120,328,350

95.76

5,332,320

4.24

125,660,670

261,819

3

Directors' Remuneration Report 2016

119,155,451

96.42

4,426,549

3.58

123,582,000

2,340,489

4

Declaration of final dividend

125,626,434

99.80

246,246

0.20

125,872,680

45,811

5(a)

Election of Malina Ngai as a Director

125,753,203

99.92

97,214

0.08

125,850,417

68,074

5(b)

Re-election of Anne Busquet as a Director

125,380,628

99.62

476,068

0.38

125,856,696

61,259

5(c)

Re-election of Patrick Cescau as a Director

125,240,866

99.52

608,276

0.48

125,849,142

68,813

5(d)

Re-election of Ian Dyson as a Director

123,454,984

98.09

2,399,465

1.91

125,854,449

63,506

5(e)

Re-election of Paul Edgecliffe-Johnson as a Director

120,296,119

95.59

5,556,080

4.41

125,852,199

65,756

5(f)

Re-election of Jo Harlow as a Director

125,679,911

99.86

172,226

0.14

125,852,137

65,818

5(g)

Re-election of Luke Mayhew as a Director

125,222,156

99.50

631,840

0.50

125,853,996

63,959

5(h)

Re-election of Jill McDonald as a Director

125,537,838

99.75

320,234

0.25

125,858,072

59,883

5(i)

Re-election of Dale Morrison as a Director

125,753,663

99.92

95,998

0.08

125,849,661

68,294

5(j)

Re-election of Richard Solomons as a Director

125,812,125

99.97

40,870

0.03

125,852,995

64,960

6

Reappointment of Auditor

122,260,197

98.02

2,467,374

1.98

124,727,571

1,190,920

7

Remuneration of Auditor

123,854,719

99.31

863,325

0.69

124,718,044

1,200,447

8

Political donations

122,408,357

97.92

2,606,000

2.08

125,014,357

904,134

9

Share consolidation

125,098,480

99.90

128,321

0.10

125,226,801

691,370

10

Allotment of shares

115,120,591

92.08

9,896,803

7.92

125,017,394

900,777

11

Disapplication of pre-emption rights

125,705,482

99.91

116,129

0.09

125,821,611

96,560

12

Further disapplication of pre-emption rights

118,983,549

94.57

6,835,241

5.43

125,818,790

99,381

13

Authority to purchase own shares

124,557,502

98.98

1,286,304

1.02

125,843,806

74,365

14

Notice of General Meetings

116,531,653

93.04

8,712,655

6.96

125,244,308

676,094

 

NOTES:

1.     The 'For' vote includes those giving the Chairman discretion.

2.     Votes 'Withheld' are not counted in the calculation of the proportion of votes 'For' or 'Against' a resolution.

3.     The total number of Existing Ordinary Shares in issue, excluding treasury shares, on 4 May 2017 was 198,434,188. The Company holds just over 7.9 million treasury shares.

4.     Copies of the resolutions passed, other than resolutions concerning ordinary business, will be submitted to the UK Listing Authority via the National Storage Mechanism and will be available in due course for inspection at http://www.hemscott.com/nsm.do 

Unless otherwise defined herein, terms used in this announcement shall have the meaning given to them in the Circular to Shareholders dated 4 April 2017.

 

For further information

Investor Relations (Heather Wood, Neeral Morzaria):

+44 (0)1895 512176

+44 (0)7808 098724

Media Relations (Yasmin Diamond, Jovana Lakcevic):

+44 (0)1895 512864

+44 (0)7736 746627

 

Notes for editors

IHG® (InterContinental Hotels Group) [LON:IHG, NYSE:IHG (ADRs)] is a global organisation with a broad portfolio of hotel brands, including InterContinental® Hotels & Resorts, Kimpton® Hotels & Restaurants, Hotel Indigo®, EVEN® Hotels, HUALUXE® Hotels and Resorts, Crowne Plaza® Hotels & Resorts, Holiday Inn® Hotels & Resorts, Holiday Inn Express®, Staybridge Suites® and Candlewood Suites®.

 

IHG franchises, leases, manages or owns nearly 5,200 hotels and 770,000 guest rooms in almost 100 countries, with nearly 1,500 hotels in its development pipeline. IHG also manages IHG® Rewards Club, the world's first and largest hotel loyalty programme, with more than 100 million enrolled members worldwide. 

 

InterContinental Hotels Group PLC is the Group's holding company and is incorporated in Great Britain and registered in England and Wales. More than 350,000 people work across IHG's hotels and corporate offices globally.

 

Visit www.ihg.com for hotel information and reservations and www.ihgrewardsclub.com for more on IHG Rewards Club. For our latest news, visit: www.ihgplc.com/media and follow us on social media at: www.twitter.com/ihg, www.facebook.com/ihg and www.youtube.com/ihgplc

 


This information is provided by RNS
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