InterContinental Hotels Group PLC Announces Transaction in Own Shares - October 16

Rhea-AI Summary

InterContinental Hotels Group PLC (IHG) announced on October 16, 2024, that it purchased 1,000 of its ordinary shares on October 15, 2024, through Goldman Sachs International on the London Stock Exchange. The purchase was made in accordance with shareholder authority granted at the Company's Annual General Meeting on May 3, 2024.

Key details of the transaction include:

• Lowest price paid per share: £84.1800
• Highest price paid per share: £85.6800
• Average price paid per share: £84.8137

Following this transaction, IHG has 159,235,452 ordinary shares in issue (excluding 6,956,782 held in treasury). The company intends to cancel the purchased shares.

News Market Reaction

+1.42%

1 alert

+1.42% News Effect

On the day this news was published, IHG gained 1.42%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

LONDON, UNITED KINGDOM / ACCESSWIRE / October 16, 2024 / The Company announces that on 15 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:	15 October 2024
Aggregate number of ordinary shares purchased:	1,000
Lowest price paid per share:	£ 84.1800
Highest price paid per share:	£ 85.6800
Average price paid per share:	£ 84.8137

The Company intends to cancel the purchased shares.

Following the above transaction, the Company has 159,235,452 ordinary shares in issue (excluding 6,956,782 held in treasury).

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

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: 1,000 (ISIN: GB00BHJYC057)

Date of purchases: 15 October 2024

Investment firm: GSI

Aggregated information:

	London Stock Exchange	Cboe BXE	Cboe CXE	Turquoise
Number of ordinary shares purchased	1,000
Highest price paid (per ordinary share)	£ 85.6800
Lowest price paid (per ordinary share)	£ 84.1800
Volume weighted average price paid(per ordinary share)	£ 84.8137

Detailed information:

Transaction Date	Time	Time Zone	Volume	Price (GBP)	Trading Venue	Transaction ID
15/10/2024	09:43:43	BST	48	85.6800	XLON	1088585910459081
15/10/2024	09:44:13	BST	45	85.6600	XLON	1088585910459213
15/10/2024	10:14:34	BST	40	85.3400	XLON	1088585910461559
15/10/2024	10:49:46	BST	44	85.1000	XLON	1088585910464256
15/10/2024	11:28:00	BST	42	84.9600	XLON	1088585910466143
15/10/2024	12:08:23	BST	40	84.8400	XLON	1088585910467872
15/10/2024	12:49:51	BST	40	84.8200	XLON	1088585910469566
15/10/2024	13:29:55	BST	41	84.7600	XLON	1088585910471795
15/10/2024	14:06:37	BST	40	84.9800	XLON	1088585910474753
15/10/2024	14:38:40	BST	40	84.9400	XLON	1088585910476516
15/10/2024	15:01:29	BST	25	84.8000	XLON	1088585910477999
15/10/2024	15:01:29	BST	15	84.8000	XLON	1088585910478000
15/10/2024	15:26:18	BST	40	84.5800	XLON	1088585910479445
15/10/2024	15:35:05	BST	40	84.8600	XLON	1088585910481422
15/10/2024	15:47:20	BST	40	84.8400	XLON	1088585910482832
15/10/2024	15:56:04	BST	40	84.8200	XLON	1088585910483764
15/10/2024	16:05:15	BST	40	84.7800	XLON	1088585910484867
15/10/2024	16:13:16	BST	40	84.8800	XLON	1088585910485834
15/10/2024	16:23:07	BST	40	84.9000	XLON	1088585910487612
15/10/2024	16:33:48	BST	40	84.5400	XLON	1088585910490258
15/10/2024	16:48:30	BST	39	84.2800	XLON	1088585910492882
15/10/2024	16:48:30	BST	1	84.2800	XLON	1088585910492883
15/10/2024	17:01:15	BST	24	84.3200	XLON	1088585910494636
15/10/2024	17:01:15	BST	17	84.3200	XLON	1088585910494637
15/10/2024	17:10:26	BST	25	84.2800	XLON	1088585910496185
15/10/2024	17:10:26	BST	17	84.2800	XLON	1088585910496186
15/10/2024	17:18:55	BST	40	84.3600	XLON	1088585910497895
15/10/2024	17:24:51	BST	41	84.1800	XLON	1088585910499633
15/10/2024	17:26:18	BST	4	84.2400	XLON	1088585910500035
15/10/2024	17:26:18	BST	12	84.2400	XLON	1088585910500036

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 15, 2024?

IHG purchased 1,000 of its ordinary shares on October 15, 2024.

What was the average price paid per share in IHG's recent stock buyback?

The average price paid per share in IHG's recent stock buyback was £84.8137.

When was the shareholder authority for IHG's share purchase granted?

The shareholder authority for IHG's share purchase was granted at the Company's Annual General Meeting on May 3, 2024.

How many ordinary shares does IHG have in issue after the October 15, 2024 transaction?

After the October 15, 2024 transaction, IHG has 159,235,452 ordinary shares in issue, excluding 6,956,782 held in treasury.

What does IHG plan to do with the shares purchased on October 15, 2024?

IHG intends to cancel the shares purchased on October 15, 2024.