Intercontinental hotels group shareholder benefits
1. Share capital
26 June 2016 Year ending 31 December 2016
On 23 February 2016, the Company announced its intention to return funds of approximately $1.5 billion to shareholders by way of a special dividend with share consolidation.
On 4 April 2016, the details of the proposed special dividend of US$6.329 per share to be accompanied by a share consolidation on a 5 for 6 basis, were sent to all shareholders.
At the Annual General Meeting of the company held on 6 May 2016 shareholders approved the share consolidation and related matters. The record date for both the special dividend and the share consolidation was 6pm on 6 May 2016. The share consolidation was effective on 9 May 2016. The sterling equivalent amount of the special dividend was announced on 12 May 2016 as 438.2p and was paid to shareholders on 23 May 2016.