InterContinental Hotels Group PLC Announces Transaction in Own Shares - July 29

Rhea-AI Summary

InterContinental Hotels Group PLC (IHG) has announced a significant share buyback transaction on July 26, 2024. The company purchased 26,971 ordinary shares through Goldman Sachs International on the London Stock Exchange. The shares were bought at prices ranging from £79.0600 to £80.2200, with an average price of £79.8374 per share.

This purchase was made in accordance with the authority granted by shareholders at the Company's 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. Following this transaction, IHG has 160,929,628 ordinary shares in issue, excluding 7,006,782 held in treasury.

InterContinental Hotels Group PLC (the Company) Purchase of own shares

LONDON, UNITED KINGDOM / ACCESSWIRE / July 29, 2024 / The Company announces that on 26 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:	26 July 2024
Aggregate number of ordinary shares purchased:	26,971
Lowest price paid per share:	£ 79.0600
Highest price paid per share:	£ 80.2200
Average price paid per share:	£ 79.8374

The Company intends to cancel the purchased shares.

Following the above transaction, the Company has 160,929,628 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/1003Y_1-2024-7-26.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: 26,971 (ISIN: GB00BHJYC057)

Date of purchases: 26 July 2024

Investment firm: GSI

Aggregated information:

London Stock Exchange	Cboe BXE	Cboe CXE	Turquoise
Number of ordinary shares purchased	26,971
Highest price paid (per ordinary share)	£ 80.2200
Lowest price paid (per ordinary share)	£ 79.0600
Volume weighted average price paid(per ordinary share)	£ 79.8374

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 26, 2024?

InterContinental Hotels Group PLC (IHG) purchased 26,971 ordinary shares on July 26, 2024.

What was the price range for IHG's share buyback on July 26, 2024?

The shares were purchased at prices ranging from £79.0600 to £80.2200, with an average price of £79.8374 per share.

What does IHG plan to do with the shares purchased on July 26, 2024?

InterContinental Hotels Group PLC intends to cancel the 26,971 shares purchased on July 26, 2024.

How many ordinary shares does IHG have in issue after the July 26, 2024 buyback?

Following the transaction, IHG has 160,929,628 ordinary shares in issue, excluding 7,006,782 held in treasury.

When was the authority for IHG's share buyback granted by shareholders?

The authority for the share buyback was granted by shareholders at IHG's Annual General Meeting on May 3, 2024.