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Interco. Hotels Grp (IHG)

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Thursday 17 January, 2019

Interco. Hotels Grp

Special Dividend - Pounds Sterling Amounts Payable

RNS Number : 3879N
InterContinental Hotels Group PLC
17 January 2019
 

17 January 2018

 

InterContinental Hotels Group PLC ("IHG")

Special Dividend - Pounds Sterling Amounts Payable

On 19 October 2018, the Board of IHG announced its intention to return US$500 million to Shareholders via a Special Dividend, representing US$2.621 per Existing Ordinary Share. The Special Dividend will be paid on 29 January 2019 to Shareholders on the Register at 6.00pm (London time) on 11 January 2019 in Pounds Sterling and to ADR holders on the ADR register at 4.00pm (New York time) on 11 January 2019 in US dollars.

The Pounds Sterling amounts payable in respect of the Special Dividend has been determined with reference to the average of the market exchange rates on the three days commencing 14 January 2019, using the WM/Reuters closing midpoint spot rate as at 4:00pm (London time), resulting in an applicable exchange rate of £1:US$1.2860.

Accordingly, the Pounds Sterling amount payable to Shareholders in relation to the Special Dividend will be 203.8 pence per Existing Ordinary Share.

Unless otherwise defined herein, terms used in this announcement shall have the meaning given to them in the Circular to Shareholders dated 14 December 2018.

 

For further information

Investor Relations (Heather Wood; Matthew Kay)

+44 (0)1895 512 176

+44 (0)7527 419 431

Media Relations (Yasmin Diamond; Mark Debenham)

+44 (0)1895 512 097

+44 (0)7527 424 046

 

Notes to Editors:

IHG® (InterContinental Hotels Group) [LON:IHG, NYSE:IHG (ADRs)] is a global organisation with a broad portfolio of hotel brands, including Regent Hotels & ResortsInterContinental® Hotels & ResortsKimpton® Hotels & RestaurantsHotel Indigo®EVEN® HotelsHUALUXE® Hotels and ResortsCrowne Plaza® Hotels & Resortsvoco™Holiday Inn®Holiday Inn Express®Holiday Inn Club Vacations®Holiday Inn Resort®avid® hotelsStaybridge Suites® and Candlewood Suites®.

 

IHG franchises, leases, manages or owns more than 5,500 hotels and approximately 826,000 guest rooms in almost 100 countries, with more than 1,800 hotels in its development pipeline. IHG also manages IHG® Rewards Club, our global loyalty programme, which has more than 100 million enrolled members.  

 

InterContinental Hotels Group PLC is the Group's holding company and is incorporated in Great Britain and registered in England and Wales. More than 375,000 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/ihgwww.facebook.com/ihg and www.youtube.com/ihgplc.

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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