InterContinental Hotels Group Plc (IHG: Quote,IHG.L) said the amount of the special dividend is $1.72 (108.4 pence) per existing ordinary share. On August 7, 2012, the Board of IHG announced its intention to return $1 billion of funds to shareholders via a special dividend with a share consolidation of $500 million and a share buyback programme of $500 million.
It is proposed that the payment of the special dividend be accompanied by a consolidation of the company's ordinary share capital. The share consolidation will replace every 15 existing ordinary shares with 14 new ordinary shares.
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by RTT Staff Writer
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