03 June 2008
Notification of Major Interest in Shares
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
InterContinental Hotels Group PLC
2. Reason for the notification (please state Yes/No):
An acquisition or disposal of voting rights: Yes
An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: (No)
An event changing the breakdown of voting rights: (No)
Other (please specify): (No)
3. Full name of person(s) subject to the notification obligation:
Morgan Stanley (Institutional Securities Group and Global Wealth Management)
4. Full name of shareholder(s) (if different from 3.):
N/A
5. Date of the transaction (and date on which the threshold is crossed or reached if different):
29 May 2008
6. Date on which issuer notified:
30 May 2008
7. Threshold(s) that is/are crossed or reached:
Below 6%
8. Notified details:
A: Voting rights attached to shares
Class/type | Situation previous to the Triggering transaction | |
Number of shares | Number of voting Rights | |
ISIN: GB00B1 Ordinary Shares of 13 29/47 pence each | 19,037,628 | 19,037,628 |
Resulting situation after the triggering transaction
Class/type | Number of shares | Number of voting rights | % of voting rights | ||
Direct | Direct | Indirect | Direct | Indirect | |
ISIN: GB00B1WQCS47 Ordinary Shares of 13 29/47 pence each | 133,737 | 133,737 | 0.05% |
B: Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument | Expiration Date | Exercise/Conversion Period/ Date | Number of voting rights that may be acquired if the instrument is exercised/ converted. | % of voting rights |
Physically Settled Call Options | 18/07/2008 | 8,928,000 | 3.06% | |
Physically Settled Call Options | 19/09/2008 | 4,824,192 | 1.66% | |
Physically Settled Call Options | 17/10/2008 | 2,466,096 | 0.85% |
Total (A+B)
Number of voting rights | % of voting rights |
16,352,025 | 5.62% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
Morgan Stanley Securities Limited | 16,218,288 | 5.57% |
Morgan Stanley & Co Incorporated | 38,837 | 0.01% |
Morgan Stanley Capital (Luxembourg) SA | 81,900 | 0.03% |
Morgan Stanley Bank AG | 13,000 | 0.00% |
Proxy Voting:
10. Name of the proxy holder:
N/A
11. Number of voting rights proxy holder will cease to hold:
N/A
12. Date on which proxy holder will cease to hold voting rights:
N/A
13. Additional information:
Notification using the total voting rights figure of 291,153,270
14. Contact name:
Group Company Secretariat
15. Contact telephone number:
01753 410100
Notes to Editors:
InterContinental Hotels Group (IHG) [LON:IHG, NYSE:IHG (ADRs)] is one of the world’s largest hotel groups by number of rooms. IHG owns, manages, leases or franchises, through various subsidiaries, almost 4,000 hotels and more than 590,000 guest rooms in nearly 100 countries and territories around the world. The Group owns a portfolio of well recognised and respected hotel brands including InterContinental® Hotels & Resorts, Crowne Plaza® Hotels & Resorts, Holiday Inn® Hotels and Resorts, Holiday Inn Express®, Staybridge Suites®, Candlewood Suites® and Hotel Indigo®, and also manages the world’s largest hotel loyalty programme, Priority Club® Rewards with over 37 million members worldwide.
IHG pioneered the travel industry’s first collaborative response to environmental issues as founder of the International Hotels and Environment Initiative (IHEI). The environment and local communities remain at the heart of IHG’s global corporate responsibility focus. IHG is the first major hotel group to have measured the environmental and carbon footprints of hotels that operate under our brands globally and is in the process of setting reduction targets.
With more than 1,600 hotels in its development pipeline, IHG needs to recruit around 150,000 people over the next few years to meet its global expansion plans.
InterContinental Hotels Group PLC is the Group’s holding company AND IS incorporated IN Great Britain AND registered IN England AND Wales.
IHG offers information AND online reservations FOR ALL its hotel brands at www.ihg.com AND information FOR the Priority Club Rewards programme at www.priorityclub.com. FOR the latest news FROM IHG, visit our online Press Office at www.ihg.com/media