SECURITIES
AND EXCHANGE COMMISSION
Washington
DC 20549
FORM 6-K
REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 AND 15d-16
OF
THE
SECURITIES EXCHANGE ACT OF 1934
For 01
October 2020
InterContinental Hotels Group PLC
(Registrant's
name)
Broadwater
Park, Denham, Buckinghamshire, UB9 5HJ, United Kingdom
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form
20-F
Form 40-F
Indicate
by check mark whether the registrant by furnishing the information
contained in this form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.
Yes
No
If
"Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): Not
applicable
EXHIBIT
INDEX
99.1
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Maximum
Acceptance Amount dated 1 October 2020
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Exhibit
No: 99.1
THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT
QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE
MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU)
596/2014
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY
PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS
TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN
ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA
ISLANDS), ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT
OF COLUMBIA (the United States) OR ANY OTHER JURISDICTION OR TO ANY
OTHER PERSON WHERE OR TO WHOM IT IS UNLAWFUL TO RELEASE, PUBLISH OR
DISTRIBUTE THIS ANNOUNCEMENT
1 October 2020.
InterContinental Hotels Group PLC announces the Maximum Acceptance
Amount in connection with its tender offer for its
£400,000,000 3.875 per cent. Notes due 2022
InterContinental Hotels Group PLC (the Company) announces today the Maximum Acceptance Amount in
connection with its invitation to holders of its £400,000,000
3.875 per cent. Notes due 28 November 2022 (ISIN: XS0859098351)
guaranteed by Six Continents Limited and InterContinental Hotels
Limited (together, the Guarantors and each a Guarantor) (the Notes) to tender their Notes for purchase by the
Company for cash (subject to the satisfaction (without limitation)
or waiver of the New Financing Condition on or prior to the
Settlement Date (each as defined below))
(the Offer).
The Offer was announced on 29 September 2020 and was made on the
terms and subject to the conditions contained in the tender offer
memorandum dated 29 September 2020 (the Tender Offer
Memorandum) prepared by the
Company. Capitalised terms used in this announcement but not
defined have the meanings given to them in the Tender Offer
Memorandum.
The Maximum Acceptance Amount
On 29 September 2020, the Company also announced its intention to
issue one or two series of new fixed rate euro and/or sterling
denominated notes under its £3,000,000,000 Euro Medium Term
Note Programme (the New Notes), to be unconditionally and irrevocably
guaranteed by the Guarantors. Whether the Company will accept for
purchase Notes validly tendered pursuant to the Offer is subject,
without limitation, to the successful completion (in the sole
determination of the Company) of the issue of the New Notes
(the New Financing
Condition) or (in the sole
determination of the Company) the waiver of such condition by the
Company.
Following pricing of the New Notes earlier today, the Company
announces that it has determined that the Maximum Acceptance Amount
of the Offer will be: £250,000,000 of the aggregate nominal
amount of the outstanding Notes.
The Expiration Deadline of the Offer is 4.00p.m. London time on
Tuesday, 6 October 2020.
The Company will announce whether or not it will accept (subject to
the satisfaction (without limitation) or waiver of the New
Financing Condition on or prior to the Settlement Date) valid
tenders of Notes pursuant to the Offer and, if so accepted, the
Final Acceptance Amount and details of any pro rata scaling as soon
as reasonably practicable on Wednesday, 7 October
2020.
Subject to the satisfaction (without limitation) or waiver of the
New Financing Condition on or prior to the Settlement Date, the
expected Settlement Date for the Offer is Thursday, 8 October
2020.
Barclays Bank PLC (Telephone: + 44 (0) 20 3134 8515;
Attention: Liability Management Group; Email: eu.lm@barclays.com)
and BofA
Securities (Telephone: +44
(0) 20 7996 5420; Attention: Liability Management Group; Email:
DG.LM-EMEA@bofa.com) are acting as Dealer Managers for the Offer
and Lucid Issuer Services
Limited (Telephone: +44
(0) 20 7704 0880; Attention: Owen Morris; Email: ihg@lucid-is.com)
is acting as Tender Agent.
This announcement is released by the Company and contains
information that qualified or may have qualified as inside
information for the purposes of Article 7 of the Market Abuse
Regulation (EU) 596/2014 (MAR), encompassing information relating
to the Offer described above. For the purposes of MAR and Article 2
of Commission Implementing Regulation (EU) 2016/1055, this
announcement is made by Nicolette Henfrey, Company Secretary of
InterContinental Hotels Group PLC.
LEI Number: 2138007ZFQYRUSLU3J98
DISCLAIMER This
announcement must be read in conjunction with the Tender Offer
Memorandum. No offer or invitation to acquire any securities
is being made pursuant to this announcement. The distribution of
this announcement and the Tender Offer Memorandum in
certain jurisdictions may be restricted by law. Persons into
whose possession this announcement and/or the Tender Offer
Memorandum comes are required by each of the Company, the
Guarantors, the Dealer Managers and the Tender Agent to inform
themselves about, and to observe, any such
restrictions.
For further information please contact:
Investor Relations:
(Stuart Ford, Rakesh
Patel)
+44
(0)1895
512176
+44 (0)7527 419 431
Media Relations:
(Yasmin Diamond, Mark Debenham):
+44 (0)1895
512097
+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 Six
Senses Hotels Resorts Spas, Regent
Hotels & Resorts, InterContinental® Hotels
& Resorts, Kimpton® Hotels
& Restaurants, Hotel
Indigo®, EVEN® Hotels, HUALUXE® Hotels
and Resorts, Crowne
Plaza® Hotels
& Resorts, voco™, Holiday
Inn® Hotels
& Resorts , Holiday
Inn Express®, Holiday
Inn Club Vacations®, avid™
hotels, Staybridge
Suites®, Atwell
Suites™,
and Candlewood
Suites®.
IHG franchises, leases, manages or owns more than 5,900 hotels and
approximately 883,000 guest rooms in more than 100 countries, with
over 1,900 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. Approximately 400,000 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: https://www.ihgplc.com/en/news-and-media and
follow us on social media at: https://twitter.com/ihgcorporate, www.facebook.com/ihgcorporate and www.linkedin.com/company/intercontinental-hotels-group
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
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InterContinental Hotels Group PLC
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(Registrant)
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By:
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/s/
F. Cuttell
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Name:
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F.
CUTTELL
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Title:
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ASSISTANT
COMPANY SECRETARY
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Date:
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01 October 2020
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