InterContinental Hotels Group PLC Announces Transaction in Own Shares - October 30

Rhea-AI Summary

InterContinental Hotels Group (IHG) has announced a share buyback transaction conducted on October 29, 2024, through Goldman Sachs International on the London Stock Exchange. The company purchased 33,768 ordinary shares at prices ranging from £85.60 to £86.48 per share, with an average price of £85.96.

Following this transaction, IHG intends to cancel the purchased shares. The company now has 158,932,054 ordinary shares in issue, excluding 6,956,782 shares held in treasury. This purchase was executed under shareholder authority granted at the Annual General Meeting on May 3, 2024, following instructions issued on February 20, 2024.

LONDON, UNITED KINGDOM / ACCESSWIRE / October 30, 2024 / The Company announces that on 29 October 2024 it purchased the following number of its ordinary shares of 20^340/399pence each through Goldman Sachs International ("GSI") on the London Stock Exchange in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 3 May 2024 (the "Purchase"). The Purchase was effected pursuant to instructions issued by the Company on 20 February 2024, as announced on 20 February 2024.

Date of purchase:	29 October 2024
Aggregate number of ordinary shares purchased:	33,768
Lowest price paid per share:	£ 85.6000
Highest price paid per share:	£ 86.4800
Average price paid per share:	£ 85.9626

The Company intends to cancel the purchased shares.

Following the above transaction, the Company has 158,932,054 ordinary shares in issue (excluding 6,956,782 held in treasury).

A full breakdown of the individual purchases by GSI is included below.

http://www.rns-pdf.londonstockexchange.com/rns/1271K_1-2024-10-29.pdf

Enquiries to:

InterContinental Hotels Group PLC:

Investor Relations: Stuart Ford (+44 (0)7823 828 739); Joe Simpson (+44 (0)7976 862 072)

Media Relations: Mike Ward (+44 (0)7795 257 407)

Schedule of Purchases

Shares purchased: 33,768 (ISIN: GB00BHJYC057)

Date of purchases: 29 October 2024

Investment firm: GSI

Aggregated information:

	London Stock Exchange	Cboe BXE	Cboe CXE	Turquoise
Number of ordinary shares purchased	33,768
Highest price paid (per ordinary share)	£ 86.4800
Lowest price paid (per ordinary share)	£ 85.6000
Volume weighted average price paid(per ordinary share)	£ 85.9626

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: InterContinental Hotels Group PLC

View the original press release on accesswire.com

FAQ

How many shares did IHG buy back on October 29, 2024?

IHG purchased 33,768 ordinary shares on October 29, 2024.

What was the average price paid per share in IHG's October 29 buyback?

The volume weighted average price paid per share was £85.9626.

How many ordinary shares does IHG have in issue after the October 29 buyback?

After the transaction, IHG has 158,932,054 ordinary shares in issue, excluding 6,956,782 shares held in treasury.

What is IHG planning to do with the shares purchased on October 29, 2024?

IHG intends to cancel the purchased shares.