InterContinental Hotels Group PLC Result of AGM (3574E)

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

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May 05, 2017 08:32 ET (12:32 GMT)