TIDMIHG
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 % VOTES % TOTAL VOTES
FOR AGAINST VOTES WITHHELD
==== =========================== =========== ===== ========= ==== =========== =========
Report and
1 Accounts 2016 125,739,484 99.91 108,005 0.09 125,847,489 71,002
---- --------------------------- ----------- ----- --------- ---- ----------- ---------
Directors'
Remuneration
2 Policy 120,328,350 95.76 5,332,320 4.24 125,660,670 261,819
---- --------------------------- ----------- ----- --------- ---- ----------- ---------
Directors'
Remuneration
3 Report 2016 119,155,451 96.42 4,426,549 3.58 123,582,000 2,340,489
---- --------------------------- ----------- ----- --------- ---- ----------- ---------
Declaration
4 of final dividend 125,626,434 99.80 246,246 0.20 125,872,680 45,811
---- --------------------------- ----------- ----- --------- ---- ----------- ---------
Election of
Malina Ngai
5(a) as a Director 125,753,203 99.92 97,214 0.08 125,850,417 68,074
---- --------------------------- ----------- ----- --------- ---- ----------- ---------
Re-election
of Anne Busquet
5(b) as a Director 125,380,628 99.62 476,068 0.38 125,856,696 61,259
---- --------------------------- ----------- ----- --------- ---- ----------- ---------
Re-election
of Patrick
Cescau as
5(c) a Director 125,240,866 99.52 608,276 0.48 125,849,142 68,813
---- --------------------------- ----------- ----- --------- ---- ----------- ---------
Re-election
of Ian Dyson
5(d) as a Director 123,454,984 98.09 2,399,465 1.91 125,854,449 63,506
---- --------------------------- ----------- ----- --------- ---- ----------- ---------
Re-election
of Paul Edgecliffe-Johnson
5(e) as a Director 120,296,119 95.59 5,556,080 4.41 125,852,199 65,756
---- --------------------------- ----------- ----- --------- ---- ----------- ---------
Re-election
of Jo Harlow
5(f) as a Director 125,679,911 99.86 172,226 0.14 125,852,137 65,818
---- --------------------------- ----------- ----- --------- ---- ----------- ---------
Re-election
of Luke Mayhew
5(g) as a Director 125,222,156 99.50 631,840 0.50 125,853,996 63,959
---- --------------------------- ----------- ----- --------- ---- ----------- ---------
Re-election
of Jill McDonald
5(h) as a Director 125,537,838 99.75 320,234 0.25 125,858,072 59,883
---- --------------------------- ----------- ----- --------- ---- ----------- ---------
Re-election
of Dale Morrison
5(i) as a Director 125,753,663 99.92 95,998 0.08 125,849,661 68,294
---- --------------------------- ----------- ----- --------- ---- ----------- ---------
Re-election
of Richard
Solomons as
5(j) a Director 125,812,125 99.97 40,870 0.03 125,852,995 64,960
==== --------------------------- ----------- ----- --------- ---- ----------- ---------
Reappointment
6 of Auditor 122,260,197 98.02 2,467,374 1.98 124,727,571 1,190,920
---- --------------------------- ----------- ----- --------- ---- ----------- ---------
Remuneration
7 of Auditor 123,854,719 99.31 863,325 0.69 124,718,044 1,200,447
---- --------------------------- ----------- ----- --------- ---- ----------- ---------
Political
8 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
---- --------------------------- ----------- ----- --------- ---- ----------- ---------
Allotment
10 of shares 115,120,591 92.08 9,896,803 7.92 125,017,394 900,777
---- --------------------------- ----------- ----- --------- ---- ----------- ---------
Disapplication
of pre-emption
11 rights 125,705,482 99.91 116,129 0.09 125,821,611 96,560
---- --------------------------- ----------- ----- --------- ---- ----------- ---------
Further disapplication
of pre-emption
12 rights 118,983,549 94.57 6,835,241 5.43 125,818,790 99,381
---- --------------------------- ----------- ----- --------- ---- ----------- ---------
Authority
to purchase
13 own shares 124,557,502 98.98 1,286,304 1.02 125,843,806 74,365
---- --------------------------- ----------- ----- --------- ---- ----------- ---------
Notice of
14 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 +44 (0)1895 +44 (0)7808
Wood, Neeral Morzaria): 512176 098724
============================ =========== ===========
Media Relations (Yasmin +44 (0)1895 +44 (0)7736
Diamond, Jovana Lakcevic): 512864 746627
Notes for editors
IHG(R) (InterContinental Hotels Group) [LON:IHG, NYSE:IHG
(ADRs)] is a global organisation with a broad portfolio of hotel
brands, including InterContinental(R) Hotels & Resorts,
Kimpton(R) Hotels & Restaurants, Hotel Indigo(R), EVEN(R)
Hotels, HUALUXE(R) Hotels and Resorts, Crowne Plaza(R) Hotels &
Resorts, Holiday Inn(R) Hotels & Resorts, Holiday Inn
Express(R), Staybridge Suites(R) and Candlewood Suites(R).
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(R) 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.
The company news service from the London Stock Exchange
END
NEXOKPDBBBKDFPK
(END) Dow Jones Newswires
May 05, 2017 08:32 ET (12:32 GMT)
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