Holiday Inn 2015 Annual Report Download - page 172

Shareholder information continued
Return of funds
Since March 2004, the Group has returned over £4.8bn of funds to shareholders by way of special dividends, capital returns and share
repurchase programmes.
Return of funds programme Timing Total return Returned to date
£501m special dividendaPaid in December 2004 £501m £501m
£250m share buyback Completed in 2004 £250m £250m
£996m capital returnaPaid in July 2005 £996m £996m
£250m share buyback Completed in 2006 £250m £250m
£497m special dividendaPaid in June 2006 £497m £497m
£250m share buyback Completed in 2007 £250m £250m
£709m special dividendaPaid in June 2007 £709m £709m
£150m share buyback n/ab£150m £120m
$500m special dividenda, c Paid in October 2012 £315md
($500m)
£315me
($505m)
$500m share buyback Completed in 2014 £315md
($500m)
£315m
($500m)f
$350m special dividend Paid in October 2013 £229mg
($350m)
£228mh
($355m)
$750m special dividenda Paid in July 2014 £447mi
($750m)
£446mj
($763m)
Total £4,909m £4,877m
a Accompanied by a share consolidation.
b This programme was superseded by the share buyback programme announced on 7 August 2012.
c IHG changed the reporting currency of its Consolidated Financial Statements from sterling to US dollars effective from the Half-Year Results as at 30 June 2008.
d 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.
e Sterling dividend translated at $1=£0.624.
f Translated into US dollars at the average rates of exchange for the relevant years (2014 $1=£0.61; 2013 $1=£0.64; 2012 $1 = £0.63).
g The dividend was first determined in US dollars and converted to sterling immediately before announcement at the rate of $1=£0.65, as announced in the Half-Year Results to 30 June 2013.
h Sterling dividend translated at $1=£0.644.
i The dividend was first determined in US dollars and converted to sterling immediately before announcement at the rate translated at $1=£0.597.
j Sterling dividend translated at $1=£0.5845.
Purchases of equity securities by the Company and aliated purchasers
During the financial year ended 31 December 2015, 1,209,985 ordinary shares were purchased by the Company’s employee share ownership
trust, at prices ranging from 2,545 pence to 2,594 pence per share, for the purpose of satisfying future share awards to employees.
Total number of shares
(or units) purchased
Average price paid
per share (or unit)
Total number of shares
(or units) purchased as
part of publicly announced
plans or programmes
Maximum number
(or approximate dollar value)
of shares (or units) that may
yet be purchased under the
plans or programmes
Month 1 438,185 2,591.9301 nil 23,611,725a
Month 2 771,800 2,577.1100 nil 23,611,725a
Month 3 (no purchases this month) nil nil nil 23,611,725a
Month 4 (no purchases this month) nil nil nil 23,611,725a
Month 5 (no purchases this month) nil nil nil 23,611,725b
Month 6 (no purchases this month) nil nil nil 23,611,725b
Month 7 (no purchases this month) nil nil nil 23,611,725b
Month 8 (no purchases this month) nil nil nil 23,611,725b
Month 9 (no purchases this month) nil nil nil 23,611,725b
Month 10 (no purchases this month) nil nil nil 23,611,725b
Month 11 (no purchases this month) nil nil nil 23,611,725b
Month 12 (no purchases this month) nil nil nil 23,611,725b
a Reflects the resolution passed at the Company’s General Meeting held on 30 June 2014.
b Reflects the resolution passed at the Company’s AGM held on 8 May 2015.
170 IHG Annual Report and Form 20-F 2015