InterContinental Hotels Group PLC Announces Transaction in Own Shares – July 23

Rhea-AI Summary

InterContinental Hotels Group PLC (IHG) announced a share repurchase transaction on July 22, 2024. The company bought 72,521 ordinary shares through Goldman Sachs International on the London Stock Exchange. The purchase was made in accordance with shareholder authority granted at the Annual General Meeting on May 3, 2024.

Key details of the transaction:

• Lowest price paid per share: £81.0400
• Highest price paid per share: £82.0000
• Average price paid per share: £81.5441

IHG intends to cancel the purchased shares. Following this transaction, the company has 161,108,483 ordinary shares in issue (excluding 7,006,782 held in treasury). The purchase was part of instructions issued by IHG on February 20, 2024.

LONDON, UK / ACCESSWIRE / July 23, 2024 / The Company announces that on 22 July 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:	22 July 2024
Aggregate number of ordinary shares purchased:	72,521
Lowest price paid per share:	£ 81.0400
Highest price paid per share:	£ 82.0000
Average price paid per share:	£ 81.5441

The Company intends to cancel the purchased shares.

Following the above transaction, the Company has 161,108,483 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/3656X_1-2024-7-22.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: 72,521 (ISIN: GB00BHJYC057)

Date of purchases: 22 July 2024

Investment firm: GSI

Aggregated information:

	London Stock Exchange	Cboe BXE	Cboe CXE	Turquoise
Number of ordinary shares purchased	55,521		17,000
Highest price paid (per ordinary share)	£ 82.0000		£ 82.0000
Lowest price paid (per ordinary share)	£ 81.0400		£ 81.1200
Volume weighted average price paid(per ordinary share)	£ 81.5426		£ 81.5492

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 July 22, 2024?

IHG purchased 72,521 ordinary shares on July 22, 2024.

What was the average price paid per share in IHG's July 22, 2024 share repurchase?

The average price paid per share in IHG's July 22, 2024 share repurchase was £81.5441.

What does IHG plan to do with the shares purchased on July 22, 2024?

IHG intends to cancel the shares purchased on July 22, 2024.

How many ordinary shares does IHG have in issue after the July 22, 2024 transaction?

After the July 22, 2024 transaction, IHG has 161,108,483 ordinary shares in issue, excluding 7,006,782 held in treasury.

When was the shareholder authority for this share repurchase granted to IHG?

The shareholder authority for this share repurchase was granted to IHG at the Annual General Meeting on May 3, 2024.