FAQs – Share Price Currency Change

With effect from 2 January 2026, IHG changed the currency in which its Ordinary Shares are traded on the London Stock Exchange from British Pounds (GBP) to US Dollars (USD). IHG announced this change on 23 October 2025 and 17 December 2025.

Why has IHG changed its share price currency?

The change of IHG’s share price currency from GBP to USD was made to reduce the translational impact of exchange rate fluctuations on IHG’s share price. Given IHG reports in USD dollars, making this change better aligns IHG’s share price to its financial performance and simplifies the investment appraisal of IHG.

This change was enabled following updates to the FTSE UK Index Series Ground Rules administered by the FTSE Russell Group. The change does not impact the nominal currency of IHG’s shares, which remain in GBP.

What does the change in share price currency mean for shareholders?

For UK-based private individual registered shareholders in IHG, dividend payments will still be made in GBP.

Registered shareholders will be able to make an election to IHG’s share registrar, Equiniti, if they wish to instead receive their dividend payments in USD. For shares held in CREST, an election for USD will be permitted using the CREST dividend election process. CREST participants should ensure a USD CREST Memorandum Account has been enabled. Registered shareholders can contact Equiniti by telephone on +44 (0) 371 384 2132.

The change does not impact IHG’s London listing in any other way, and has no impact on IHG’s ADR listing in New York.