InterContinental Hotels Group PLC Announces Transaction in Own Shares - July 22
Rhea-AI Summary
InterContinental Hotels Group PLC (IHG) announced a share buyback transaction on July 19, 2024. The company purchased 92,964 ordinary shares through Goldman Sachs International on the London Stock Exchange. The average price paid per share was £82.2676, with the lowest price at £81.1800 and the highest at £82.7000.
This purchase was made in accordance with shareholder authority granted at the Annual General Meeting on May 3, 2024, and follows instructions issued by IHG on February 20, 2024. The company intends to cancel the purchased shares. After this transaction, IHG has 161,181,004 ordinary shares in issue, excluding 7,006,782 held in treasury.
The shares were purchased across multiple exchanges, including the London Stock Exchange, Cboe BXE, Cboe CXE, and Turquoise, with varying volumes and prices on each platform.
Positive
- None.
Negative
- None.
News Market Reaction
On the day this news was published, IHG gained 0.23%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
LONDON, UNITED KINGDOM / ACCESSWIRE / July 22, 2024 / The Company announces that on 19 July 2024 it purchased the following number of its ordinary shares of 20340/399 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: | 19 July 2024 |
|
|
Aggregate number of ordinary shares purchased: | 92,964 |
|
|
Lowest price paid per share: | £ 81.1800 |
|
|
Highest price paid per share: | £ 82.7000 |
|
|
Average price paid per share: | £ 82.2676 |
The Company intends to cancel the purchased shares.
Following the above transaction, the Company has 161,181,004 ordinary shares in issue (excluding 7,006,782 held in treasury).
A full breakdown of the individual purchases by GSI is included below.
http://www.rns-pdf.londonstockexchange.com/rns/1776X_1-2024-7-19.pdf
Enquiries to:
InterContinental Hotels Group PLC:
Investor Relations: Stuart Ford (+44 (0)7823 828 739); Aleksandar Milenkovic (+44 (0)7469 905 720)
Joe Simpson (+44 (0)7976 862 072)
Media Relations: Mike Ward (+44 (0)7795 257 407)
Schedule of Purchases
Shares purchased: 92,964 (ISIN: GB00BHJYC057)
Date of purchases: 19 July 2024
Investment firm: GSI
Aggregated information:
| London Stock Exchange | Cboe BXE | Cboe CXE | Turquoise |
Number of ordinary shares purchased | 67,528 | 18,436 |
| 7,000 |
Highest price paid (per ordinary share) | £ 82.7000 | £ 82.6800 |
| £ 82.6800 |
Lowest price paid (per ordinary share) | £ 81.1800 | £ 81.1800 |
| £ 81.1800 |
Volume weighted average price paid(per ordinary share) | £ 82.2571 | £ 82.3041 |
| £ 82.2725 |
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 July 19, 2024?
What was the average price paid per share in IHG's recent buyback?
When did IHG announce the share buyback transaction?
How many ordinary shares does IHG have in issue after the buyback?
What does IHG plan to do with the purchased shares?
