Holiday Inn 2013 Annual Report Download - page 180

Dividend history
The table below sets forth the amounts of ordinary dividends on each ordinary share and special dividends, in respect of each financial
year indicated.
Ordinary dividend Interim dividend Final dividend Total dividend Special dividend
pence cents pence cents pence cents pence cents
2013 15 23 28.1 47 43.2 70 87.1 133
2012 13.5 21 28 43 41 64 108.42172
2011 9.8 16 25 39 35 55 – –
2010 813 22 35 30 48 – –
2009 7.3 12 19 29 26 41 – –
200816.4 12 20 29 27 41 – –
2007 5.7 12 15 29 21 41 2002–
2006 5.1 9.6 13 26 18 36 1182–
2005 4.6 8.1 11 19 15 27 – –
2004 4.3 7.7 10 19 14 27 72.02–
2003 4.05 6.8 9.5 17 14 24 – –
1
IHG changed the reporting currency of its Group accounts from sterling to US dollars effective from the Half-Year Results as at 30 June 2008. Starting with the
interim dividend for 2008, all dividends have first been determined in US dollars and converted into sterling immediately before announcement.
2
Accompanied by a share consolidation.
Return of funds
Since March 2004, the Group has returned over £4.3 billion of funds to shareholders by way of special dividends, capital returns and share
repurchase programmes by share consolidation.
On 7 August 2012, the Company announced a $1 billion return of funds to shareholders, split between a $500 million special dividend
with share consolidation and a $500 million share buyback programme. The special dividend was paid on 22 October 2012 and as
at 17 February 2014 $390 million (£248 million) of shares had been repurchased at an average price per share of 1,778 pence.
Purchases are made under the existing authority from shareholders, which will be presented for renewal at the Company’s AGM
to be held on 2 May 2014. Any shares repurchased may be cancelled or held as treasury shares.
On 6 August 2013, the Company announced a $350 million return of funds to shareholders via a special dividend without share
consolidation. The special dividend was paid on 4 October 2013.
Return of funds programme Timing Total return Returned to date
£501 million special dividend1Paid in December 2004 £501m £501m
First £250 million share buyback Completed in 2004 £250m £250m
£996 million capital return1Paid in July 2005 £996m £996m
Second £250 million share buyback Completed in 2006 £250m £250m
£497 million share buyback Paid in June 2006 £497m £497m
Third £250 million share buyback Completed in 2007 £250m £250m
£709 million special dividend1Paid in June 2007 £709m £709m
£150 million share buyback n/a3£150m £120m
$500 million special dividend1,2 Paid in October 2012 £315m4 ($500m) £315m ($505m)6
$500 million share buyback Ongoing £315m4 ($500m) £248m ($390m)7,9
$350 million special dividend Paid in October 2013 £229m5 ($350m) £228m ($355m)8
Total £4,462m £4,319m
1 Accompanied by a share consolidation.
2 IHG changed the reporting currency of its Group accounts from sterling to US dollars effective from the Half-Year Results as at 30 June 2008.
3 This programme was superseded by the share buyback programme announced on 7 August 2012.
4
The dividend was first determined in US dollars and converted to sterling immediately before announcement at the rate of $1=£0.63, as set out in the circular
detailing the special dividend and share buyback programme published on 14 September 2012.
5
The dividend was first determined in US dollars and converted to sterling immediately before announcement at the rate of $1=£0.655, as announced in
Half-Year Results to 30 June 2013.
6 Sterling divided translated at $1=£0.624.
7 Translated into US dollars at the average rates of exchange for the relevant years (2013 $1=£0.64; 2012 $1=£0.63).
8 Sterling divided translated at $1=£0.644.
9 At 17 February 2014.
178 IHG Annual Report and Form 20-F 2013
Shareholder information continued