InterContinental Hotels Group PLC Announces Transaction in Own Shares - October 25
Rhea-AI Summary
InterContinental Hotels Group (IHG) has announced a share buyback transaction conducted on October 24, 2024, through Goldman Sachs International on the London Stock Exchange. The company purchased 40,000 ordinary shares at prices ranging from £83.92 to £85.52 per share, with an average price of £84.5067.
The purchase was executed under shareholder authority granted at the Annual General Meeting on May 3, 2024, following instructions issued on February 20, 2024. IHG intends to cancel these purchased shares. Following this transaction, the company has 159,019,444 ordinary shares in issue, excluding 6,956,782 shares held in treasury.
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News Market Reaction
On the day this news was published, IHG gained 0.22%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Purchase of own shares
LONDON, UK / ACCESSWIRE / October 25, 2024 / The Company announces that on 24 October 2024 it purchased the following number of its ordinary shares of 20340/399pence 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: | 24 October 2024 |
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The Company intends to cancel the purchased shares.
Following the above transaction, the Company has 159,019,444 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/5516J_1-2024-10-24.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: 40,000 (ISIN: GB00BHJYC057)
Date of purchases: 24 October 2024
Investment firm: GSI
Aggregated information:
| London Stock Exchange | Cboe BXE | Cboe CXE | Turquoise |
Number of ordinary shares purchased | 40,000 |
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Highest price paid (per ordinary share) | £ 85.5200 |
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Lowest price paid (per ordinary share) | £ 83.9200 |
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Volume weighted average price paid(per ordinary share) | £ 84.5067 |
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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 purchase on October 24, 2024?
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What is IHG's total number of ordinary shares after the October 24 purchase?
What does IHG plan to do with the shares purchased on October 24, 2024?
Which investment firm executed IHG's share purchase on October 24?
