InterContinental Hotels Group PLC Announces Transaction in Own Shares - December 17

Rhea-AI Summary

InterContinental Hotels Group (IHG) has announced a significant share buyback transaction conducted on December 16, 2024, through Goldman Sachs International on the London Stock Exchange. The company purchased 110,850 ordinary shares at prices ranging from £98.90 to £99.76, with an average price of £99.4178 per share.

The purchase was executed across multiple trading venues, including the London Stock Exchange (73,008 shares), Cboe BXE (5,921 shares), Cboe CXE (24,921 shares), and Turquoise (7,000 shares). Following this transaction, IHG has 158,862,949 ordinary shares in issue, excluding 6,241,782 shares held in treasury. The company intends to cancel the purchased shares.

Purchase of own shares

LONDON, UK / ACCESSWIRE / December 17, 2024 / The Company announces that on 16 December 2024 it purchased the following number of its ordinary shares of 20^340/399 pence 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:	16 December 2024
Aggregate number of ordinary shares purchased:	110,850
Lowest price paid per share:	£ 98.9000
Highest price paid per share:	£ 99.7600
Average price paid per share:	£ 99.4178

The Company intends to cancel the purchased shares.

Following the above transaction, the Company has 158,862,949 ordinary shares in issue (excluding 6,241,782 held in treasury).

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

http://www.rns-pdf.londonstockexchange.com/rns/3083Q_1-2024-12-16.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: 110,850 (ISIN: GB00BHJYC057)

Date of purchases: 16 December 2024

Investment firm: GSI

Aggregated information:

	London Stock Exchange	Cboe BXE	Cboe CXE	Turquoise
Number of ordinary shares purchased	73,008	5,921	24,921	7,000
Highest price paid (per ordinary share)	£ 99.7600	£ 99.7400	£ 99.7600	£ 99.7600
Lowest price paid (per ordinary share)	£ 98.9000	£ 98.9200	£ 98.9000	£ 98.9200
Volume weighted average price paid(per ordinary share)	£ 99.4186	£ 99.4015	£ 99.4200	£ 99.4155

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 December 16, 2024?

IHG purchased 110,850 ordinary shares on December 16, 2024.

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

The volume-weighted average price paid per share was £99.4178.

What is IHG's total number of ordinary shares after the December 16 buyback?

After the buyback, IHG has 158,862,949 ordinary shares in issue, excluding 6,241,782 shares held in treasury.

Which trading venues did IHG use for its December 16 share purchase?

IHG purchased shares across four venues: London Stock Exchange, Cboe BXE, Cboe CXE, and Turquoise.

What price range did IHG pay for shares in the December 16 buyback?

IHG paid between £98.90 (lowest) and £99.76 (highest) per share.

What will IHG do with the shares purchased on December 16, 2024?

IHG intends to cancel the purchased shares.