InterContinental Hotels Group PLC
24 June 2005
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION INTO
AUSTRALIA, CANADA OR JAPAN
INTERCONTINENTAL HOTELS GROUP PLC
24 JUNE 2005
IHG Block Listing Application
In light of the proposed scheme of arrangement between InterContinental Hotels
Group PLC ("IHG") and its shareholders under section 425 of the Companies Act
1985, the outstanding block listings of IHG are proposed to be cancelled on 27
June 2005.
Application has been made to the UK Listing Authority and the London Stock
Exchange for 1,892,720 ordinary shares of New InterContinental Hotels Group PLC
("New IHG") to be block listed. The block listing consists of 122,980 ordinary
shares that may be issued under the New InterContinental Hotels Group Executive
Share Option Plan and 1,769,740 ordinary shares that may be issued under the New
InterContinental Hotels Group Sharesave Plan.
New IHG is expected to be renamed as InterContinental Hotels Group PLC with
effect from 27 June 2005. The names of the two block listing schemes are also
expected to change to reflect the change of company name.
Citigroup Global Markets Limited is acting for IHG and New IHG and no-one else
in connection with the transaction and will not be responsible to anyone other
than IHG or New IHG for providing the protections afforded to its clients or for
providing advice in relation to the transaction or the contents of this
announcement.
This announcement does not constitute an offer or invitation to purchase
securities.
Securities may not be offered or sold in the United States unless they are
registered under the U.S. Securities Act of 1933, as amended (the "Securities
Act") or exempt from such registration. The new ordinary shares have not been,
nor will be, and are not required to be registered with the US Securities and
Exchange Commission under the Securities Act in reliance on the exemption from
the registration requirements of the Securities Act provided by Section 3(a)(10)
thereof. US shareholders who are affiliates of IHG or New IHG before
implementation of the Scheme or are affiliates of New IHG after implementation
of the Scheme will be subject to timing, manner of sale and volume restrictions
on the sale of new ordinary shares received in connection with the Scheme under
Rule 145(d) of the Securities Act.
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. InterContinental
Hotels Group owns, manages, leases or franchises, through various subsidiaries,
more than 3,500 hotels and 535,000 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 more than 24 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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Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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