InterContinental Hotels Group PLC Announces Transaction in Own Shares – Aug 29
Rhea-AI Summary
InterContinental Hotels Group PLC (IHG) announced the purchase of 10,000 of its ordinary shares on August 28, 2024, through Goldman Sachs International on the London Stock Exchange. The shares were bought at prices ranging from £75.0600 to £75.6000, with an average price of £75.4063 per share. This transaction was conducted in accordance with shareholder authorization granted at the Company's Annual General Meeting on May 3, 2024.
Following this purchase, IHG has 159,728,468 ordinary shares in issue (excluding 7,006,782 held in treasury). The company intends to cancel the purchased shares. This share buyback is part of IHG's ongoing capital management strategy.
Positive
- IHG is actively managing its capital through share buybacks
- The company has a large number of shares outstanding (159,728,468), indicating significant market capitalization
Negative
- The share buyback may reduce the company's cash reserves
News Market Reaction
On the day this news was published, IHG gained 0.49%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
LONDON, UNITED KINGDOM / ACCESSWIRE / August 29, 2024 / The Company announces that on 28 August 2024 it purchased the following number of its ordinary shares of 20340/399pence 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: | 28 August 2024 |
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Aggregate number of ordinary shares purchased: | 10,000 |
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Lowest price paid per share: | £ 75.0600 |
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Highest price paid per share: | £ 75.6000 |
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Average price paid per share: | £ 75.4063 |
The Company intends to cancel the purchased shares.
Following the above transaction, the Company has 159,728,468 ordinary shares in issue (excluding 7,006,782 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); 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: 10,000 (ISIN: GB00BHJYC057)
Date of purchases: 28 August 2024
Investment firm: GSI
Aggregated information:
| London Stock Exchange | Cboe BXE | Cboe CXE | Turquoise |
Number of ordinary shares purchased | 10,000 |
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Highest price paid (per ordinary share) | £ 75.6000 |
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Lowest price paid (per ordinary share) | £ 75.0600 |
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Volume weighted average price paid(per ordinary share) | £ 75.4063 |
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Detailed information:
Transaction Date | Time | Time Zone | Volume | Price (GBP) | Trading Venue | Transaction ID |
28/08/2024 | 09:47:00 | BST | 93 | 75.0600 | XLON | 1058899096506054 |
28/08/2024 | 09:50:57 | BST | 78 | 75.1400 | XLON | 1058899096506212 |
28/08/2024 | 09:53:14 | BST | 69 | 75.3800 | XLON | 1058899096506360 |
28/08/2024 | 09:53:35 | BST | 48 | 75.3400 | XLON | 1058899096506374 |
28/08/2024 | 09:57:03 | BST | 62 | 75.3400 | XLON | 1058899096506530 |
28/08/2024 | 09:58:03 | BST | 70 | 75.3000 | XLON | 1058899096506546 |
28/08/2024 | 10:01:21 | BST | 50 | 75.3600 | XLON | 1058899096506694 |
28/08/2024 | 10:01:21 | BST | 19 | 75.3600 | XLON | 1058899096506695 |
28/08/2024 | 10:06:45 | BST | 72 | 75.4000 | XLON | 1058899096506907 |
28/08/2024 | 10:10:19 | BST | 68 | 75.3000 | XLON | 1058899096507014 |
28/08/2024 | 10:23:11 | BST | 71 | 75.2200 | XLON | 1058899096507680 |
28/08/2024 | 10:26:50 | BST | 68 | 75.1600 | XLON | 1058899096507810 |
28/08/2024 | 10:32:45 | BST | 52 | 75.3200 | XLON | 1058899096508015 |
28/08/2024 | 10:45:46 | BST | 78 | 75.4600 | XLON | 1058899096508914 |
28/08/2024 | 10:46:50 | BST | 78 | 75.4200 | XLON | 1058899096508968 |
28/08/2024 | 10:47:57 | BST | 63 | 75.3800 | XLON | 1058899096509014 |
28/08/2024 | 10:55:45 | BST | 55 | 75.4200 | XLON | 1058899096509481 |
28/08/2024 | 10:58:25 | BST | 46 | 75.3800 | XLON | 1058899096509639 |
28/08/2024 | 11:08:42 | BST | 10 | 75.3200 | XLON | 1058899096510121 |
28/08/2024 | 11:10:02 | BST | 35 | 75.3200 | XLON | 1058899096510178 |
28/08/2024 | 11:11:00 | BST | 58 | 75.2800 | XLON | 1058899096510201 |
28/08/2024 | 11:13:57 | BST | 45 | 75.2400 | XLON | 1058899096510317 |
28/08/2024 | 11:15:43 | BST | 69 | 75.2400 | XLON | 1058899096510371 |
28/08/2024 | 11:20:06 | BST | 1 | 75.2000 | XLON | 1058899096510648 |
28/08/2024 | 11:20:06 | BST | 36 | 75.2000 | XLON | 1058899096510651 |
28/08/2024 | 11:29:44 | BST | 34 | 75.1800 | XLON | 1058899096511086 |
28/08/2024 | 11:29:44 | BST | 13 | 75.1800 | XLON | 1058899096511087 |
28/08/2024 | 11:31:42 | BST | 61 | 75.1600 | XLON | 1058899096511287 |
28/08/2024 | 11:59:54 | BST | 91 | 75.4400 | XLON | 1058899096512481 |
28/08/2024 | 12:02:49 | BST | 90 | 75.4400 | XLON | 1058899096512602 |
28/08/2024 | 12:05:13 | BST | 90 | 75.4000 | XLON | 1058899096512698 |
28/08/2024 | 12:12:16 | BST | 45 | 75.4600 | XLON | 1058899096513006 |
28/08/2024 | 12:15:20 | BST | 1 | 75.4000 | XLON | 1058899096513199 |
28/08/2024 | 12:15:20 | BST | 47 | 75.4000 | XLON | 1058899096513200 |
28/08/2024 | 12:18:19 | BST | 57 | 75.4400 | XLON | 1058899096513356 |
28/08/2024 | 12:23:32 | BST | 46 | 75.4400 | XLON | 1058899096513559 |
28/08/2024 | 12:30:40 | BST | 49 | 75.4600 | XLON | 1058899096513926 |
28/08/2024 | 12:34:13 | BST | 71 | 75.5200 | XLON | 1058899096514036 |
28/08/2024 | 12:36:06 | BST | 20 | 75.4800 | XLON | 1058899096514177 |
28/08/2024 | 12:36:06 | BST | 49 | 75.4800 | XLON | 1058899096514178 |
28/08/2024 | 12:44:43 | BST | 62 | 75.4400 | XLON | 1058899096514513 |
28/08/2024 | 12:59:06 | BST | 86 | 75.4800 | XLON | 1058899096515157 |
28/08/2024 | 13:05:02 | BST | 22 | 75.4600 | XLON | 1058899096515458 |
28/08/2024 | 13:05:02 | BST | 1 | 75.4600 | XLON | 1058899096515459 |
28/08/2024 | 13:05:02 | BST | 34 | 75.4600 | XLON | 1058899096515460 |
28/08/2024 | 13:05:08 | BST | 26 | 75.4600 | XLON | 1058899096515470 |
28/08/2024 | 13:15:04 | BST | 48 | 75.4600 | XLON | 1058899096515853 |
28/08/2024 | 13:27:20 | BST | 89 | 75.5000 | XLON | 1058899096516273 |
28/08/2024 | 13:38:54 | BST | 81 | 75.5200 | XLON | 1058899096516755 |
28/08/2024 | 13:39:09 | BST | 65 | 75.4600 | XLON | 1058899096516763 |
28/08/2024 | 13:43:40 | BST | 20 | 75.4600 | XLON | 1058899096516912 |
28/08/2024 | 13:43:40 | BST | 51 | 75.4600 | XLON | 1058899096516913 |
28/08/2024 | 13:46:18 | BST | 48 | 75.4200 | XLON | 1058899096517020 |
28/08/2024 | 13:46:40 | BST | 55 | 75.4000 | XLON | 1058899096517044 |
28/08/2024 | 13:59:57 | BST | 69 | 75.4400 | XLON | 1058899096517783 |
28/08/2024 | 14:01:56 | BST | 57 | 75.4000 | XLON | 1058899096517848 |
28/08/2024 | 14:08:06 | BST | 65 | 75.4000 | XLON | 1058899096518105 |
28/08/2024 | 14:08:06 | BST | 56 | 75.3600 | XLON | 1058899096518106 |
28/08/2024 | 14:08:12 | BST | 74 | 75.3600 | XLON | 1058899096518114 |
28/08/2024 | 14:18:49 | BST | 51 | 75.3600 | XLON | 1058899096518573 |
28/08/2024 | 14:30:05 | BST | 48 | 75.3600 | XLON | 1058899096519015 |
28/08/2024 | 14:33:57 | BST | 45 | 75.3200 | XLON | 1058899096519169 |
28/08/2024 | 14:43:51 | BST | 60 | 75.2600 | XLON | 1058899096519660 |
28/08/2024 | 14:48:01 | BST | 94 | 75.3000 | XLON | 1058899096519819 |
28/08/2024 | 14:48:02 | BST | 91 | 75.2600 | XLON | 1058899096519828 |
28/08/2024 | 14:49:02 | BST | 55 | 75.2200 | XLON | 1058899096519864 |
28/08/2024 | 14:54:48 | BST | 72 | 75.3400 | XLON | 1058899096520096 |
28/08/2024 | 14:59:45 | BST | 64 | 75.3600 | XLON | 1058899096520358 |
28/08/2024 | 15:00:37 | BST | 24 | 75.3200 | XLON | 1058899096520409 |
28/08/2024 | 15:00:53 | BST | 22 | 75.3200 | XLON | 1058899096520412 |
28/08/2024 | 15:02:18 | BST | 45 | 75.3600 | XLON | 1058899096520451 |
28/08/2024 | 15:03:21 | BST | 52 | 75.3800 | XLON | 1058899096520477 |
28/08/2024 | 15:09:56 | BST | 50 | 75.4000 | XLON | 1058899096520821 |
28/08/2024 | 15:12:13 | BST | 46 | 75.4000 | XLON | 1058899096520925 |
28/08/2024 | 15:14:30 | BST | 56 | 75.4000 | XLON | 1058899096521044 |
28/08/2024 | 15:17:02 | BST | 1 | 75.4000 | XLON | 1058899096521135 |
28/08/2024 | 15:17:02 | BST | 3 | 75.4000 | XLON | 1058899096521136 |
28/08/2024 | 15:17:02 | BST | 25 | 75.4000 | XLON | 1058899096521137 |
28/08/2024 | 15:17:02 | BST | 16 | 75.4000 | XLON | 1058899096521138 |
28/08/2024 | 15:17:38 | BST | 74 | 75.3600 | XLON | 1058899096521167 |
28/08/2024 | 15:19:51 | BST | 45 | 75.3800 | XLON | 1058899096521277 |
28/08/2024 | 15:22:13 | BST | 81 | 75.4200 | XLON | 1058899096521364 |
28/08/2024 | 15:27:50 | BST | 54 | 75.4200 | XLON | 1058899096521700 |
28/08/2024 | 15:30:00 | BST | 45 | 75.4000 | XLON | 1058899096522018 |
28/08/2024 | 15:30:00 | BST | 37 | 75.4000 | XLON | 1058899096522040 |
28/08/2024 | 15:30:40 | BST | 5 | 75.4000 | XLON | 1058899096522356 |
28/08/2024 | 15:30:40 | BST | 38 | 75.4000 | XLON | 1058899096522357 |
28/08/2024 | 15:31:27 | BST | 79 | 75.3800 | XLON | 1058899096522437 |
28/08/2024 | 15:33:23 | BST | 10 | 75.4600 | XLON | 1058899096522712 |
28/08/2024 | 15:33:23 | BST | 20 | 75.4600 | XLON | 1058899096522713 |
28/08/2024 | 15:33:23 | BST | 10 | 75.4600 | XLON | 1058899096522714 |
28/08/2024 | 15:33:35 | BST | 8 | 75.4600 | XLON | 1058899096522719 |
28/08/2024 | 15:33:46 | BST | 33 | 75.4600 | XLON | 1058899096522744 |
28/08/2024 | 15:33:46 | BST | 23 | 75.4600 | XLON | 1058899096522745 |
28/08/2024 | 15:34:39 | BST | 68 | 75.4600 | XLON | 1058899096522865 |
28/08/2024 | 15:35:36 | BST | 18 | 75.4400 | XLON | 1058899096522994 |
28/08/2024 | 15:35:36 | BST | 38 | 75.4400 | XLON | 1058899096522995 |
28/08/2024 | 15:37:44 | BST | 37 | 75.4000 | XLON | 1058899096523190 |
28/08/2024 | 15:38:29 | BST | 8 | 75.4000 | XLON | 1058899096523292 |
28/08/2024 | 15:38:34 | BST | 2 | 75.3600 | XLON | 1058899096523309 |
28/08/2024 | 15:39:08 | BST | 80 | 75.3600 | XLON | 1058899096523392 |
28/08/2024 | 15:41:38 | BST | 57 | 75.4000 | XLON | 1058899096523863 |
28/08/2024 | 15:42:34 | BST | 12 | 75.3600 | XLON | 1058899096523959 |
28/08/2024 | 15:42:34 | BST | 37 | 75.3600 | XLON | 1058899096523960 |
28/08/2024 | 15:44:27 | BST | 53 | 75.3000 | XLON | 1058899096524115 |
28/08/2024 | 15:45:33 | BST | 52 | 75.2600 | XLON | 1058899096524202 |
28/08/2024 | 15:47:34 | BST | 26 | 75.3000 | XLON | 1058899096524437 |
28/08/2024 | 15:47:34 | BST | 41 | 75.3000 | XLON | 1058899096524438 |
28/08/2024 | 15:47:34 | BST | 46 | 75.2800 | XLON | 1058899096524442 |
28/08/2024 | 15:48:04 | BST | 7 | 75.3400 | XLON | 1058899096524516 |
28/08/2024 | 15:48:04 | BST | 41 | 75.3400 | XLON | 1058899096524517 |
28/08/2024 | 15:49:40 | BST | 15 | 75.3800 | XLON | 1058899096524810 |
28/08/2024 | 15:49:40 | BST | 11 | 75.3800 | XLON | 1058899096524811 |
28/08/2024 | 15:49:40 | BST | 33 | 75.3800 | XLON | 1058899096524812 |
28/08/2024 | 15:49:57 | BST | 10 | 75.3400 | XLON | 1058899096524875 |
28/08/2024 | 15:49:57 | BST | 48 | 75.3400 | XLON | 1058899096524876 |
28/08/2024 | 15:52:03 | BST | 68 | 75.3800 | XLON | 1058899096525087 |
28/08/2024 | 15:52:30 | BST | 71 | 75.3000 | XLON | 1058899096525210 |
28/08/2024 | 15:55:41 | BST | 56 | 75.3800 | XLON | 1058899096525631 |
28/08/2024 | 15:56:13 | BST | 45 | 75.3200 | XLON | 1058899096525724 |
28/08/2024 | 15:58:35 | BST | 59 | 75.3400 | XLON | 1058899096525948 |
28/08/2024 | 15:59:32 | BST | 46 | 75.3400 | XLON | 1058899096526077 |
28/08/2024 | 15:59:32 | BST | 80 | 75.3600 | XLON | 1058899096526101 |
28/08/2024 | 16:03:32 | BST | 73 | 75.3600 | XLON | 1058899096526531 |
28/08/2024 | 16:03:47 | BST | 52 | 75.3600 | XLON | 1058899096526550 |
28/08/2024 | 16:04:28 | BST | 45 | 75.3600 | XLON | 1058899096526583 |
28/08/2024 | 16:05:48 | BST | 80 | 75.3600 | XLON | 1058899096526728 |
28/08/2024 | 16:08:06 | BST | 55 | 75.4000 | XLON | 1058899096526982 |
28/08/2024 | 16:08:06 | BST | 1 | 75.3600 | XLON | 1058899096526998 |
28/08/2024 | 16:10:23 | BST | 51 | 75.4000 | XLON | 1058899096527121 |
28/08/2024 | 16:11:17 | BST | 86 | 75.3600 | XLON | 1058899096527237 |
28/08/2024 | 16:13:02 | BST | 52 | 75.3200 | XLON | 1058899096527388 |
28/08/2024 | 16:13:47 | BST | 78 | 75.3200 | XLON | 1058899096527432 |
28/08/2024 | 16:17:05 | BST | 50 | 75.4000 | XLON | 1058899096527757 |
28/08/2024 | 16:17:05 | BST | 2 | 75.4000 | XLON | 1058899096527762 |
28/08/2024 | 16:18:51 | BST | 49 | 75.4000 | XLON | 1058899096527867 |
28/08/2024 | 16:20:32 | BST | 45 | 75.4400 | XLON | 1058899096528005 |
28/08/2024 | 16:20:42 | BST | 45 | 75.4000 | XLON | 1058899096528013 |
28/08/2024 | 16:28:06 | BST | 82 | 75.4400 | XLON | 1058899096528569 |
28/08/2024 | 16:32:21 | BST | 95 | 75.4400 | XLON | 1058899096528943 |
28/08/2024 | 16:32:23 | BST | 89 | 75.4000 | XLON | 1058899096528947 |
28/08/2024 | 16:32:41 | BST | 73 | 75.4400 | XLON | 1058899096528989 |
28/08/2024 | 16:34:41 | BST | 93 | 75.4400 | XLON | 1058899096529314 |
28/08/2024 | 16:39:35 | BST | 92 | 75.4800 | XLON | 1058899096529830 |
28/08/2024 | 16:39:48 | BST | 79 | 75.4400 | XLON | 1058899096529842 |
28/08/2024 | 16:41:20 | BST | 10 | 75.4000 | XLON | 1058899096530000 |
28/08/2024 | 16:41:20 | BST | 38 | 75.4000 | XLON | 1058899096530001 |
28/08/2024 | 16:41:20 | BST | 1 | 75.4000 | XLON | 1058899096530002 |
28/08/2024 | 16:45:14 | BST | 57 | 75.4000 | XLON | 1058899096530483 |
28/08/2024 | 16:49:02 | BST | 91 | 75.5000 | XLON | 1058899096530775 |
28/08/2024 | 16:50:49 | BST | 83 | 75.4600 | XLON | 1058899096530969 |
28/08/2024 | 16:51:06 | BST | 72 | 75.4200 | XLON | 1058899096531000 |
28/08/2024 | 16:56:57 | BST | 94 | 75.5000 | XLON | 1058899096531539 |
28/08/2024 | 17:01:11 | BST | 45 | 75.6000 | XLON | 1058899096532161 |
28/08/2024 | 17:01:11 | BST | 91 | 75.5800 | XLON | 1058899096532162 |
28/08/2024 | 17:02:47 | BST | 21 | 75.5400 | XLON | 1058899096532379 |
28/08/2024 | 17:02:47 | BST | 73 | 75.5400 | XLON | 1058899096532380 |
28/08/2024 | 17:03:43 | BST | 92 | 75.5400 | XLON | 1058899096532508 |
28/08/2024 | 17:05:29 | BST | 92 | 75.5800 | XLON | 1058899096532784 |
28/08/2024 | 17:06:15 | BST | 93 | 75.5800 | XLON | 1058899096532946 |
28/08/2024 | 17:07:52 | BST | 92 | 75.5800 | XLON | 1058899096533212 |
28/08/2024 | 17:09:11 | BST | 90 | 75.5400 | XLON | 1058899096533442 |
28/08/2024 | 17:09:42 | BST | 3 | 75.5400 | XLON | 1058899096533495 |
28/08/2024 | 17:09:42 | BST | 1 | 75.5400 | XLON | 1058899096533496 |
28/08/2024 | 17:09:42 | BST | 75 | 75.5400 | XLON | 1058899096533497 |
28/08/2024 | 17:10:22 | BST | 91 | 75.5000 | XLON | 1058899096533573 |
28/08/2024 | 17:11:32 | BST | 45 | 75.4800 | XLON | 1058899096533675 |
28/08/2024 | 17:12:00 | BST | 52 | 75.4800 | XLON | 1058899096533713 |
28/08/2024 | 17:12:30 | BST | 47 | 75.4800 | XLON | 1058899096533745 |
28/08/2024 | 17:13:41 | BST | 28 | 75.4800 | XLON | 1058899096534009 |
28/08/2024 | 17:13:41 | BST | 29 | 75.4800 | XLON | 1058899096534010 |
28/08/2024 | 17:14:39 | BST | 55 | 75.5000 | XLON | 1058899096534133 |
28/08/2024 | 17:15:12 | BST | 59 | 75.5200 | XLON | 1058899096534297 |
28/08/2024 | 17:15:17 | BST | 61 | 75.5200 | XLON | 1058899096534303 |
28/08/2024 | 17:15:33 | BST | 59 | 75.4800 | XLON | 1058899096534343 |
28/08/2024 | 17:17:59 | BST | 49 | 75.5000 | XLON | 1058899096534596 |
28/08/2024 | 17:18:04 | BST | 32 | 75.4800 | XLON | 1058899096534617 |
28/08/2024 | 17:18:23 | BST | 22 | 75.4800 | XLON | 1058899096534678 |
28/08/2024 | 17:18:55 | BST | 45 | 75.5000 | XLON | 1058899096534736 |
28/08/2024 | 17:21:42 | BST | 19 | 75.4600 | XLON | 1058899096535191 |
28/08/2024 | 17:21:42 | BST | 27 | 75.4600 | XLON | 1058899096535192 |
28/08/2024 | 17:22:02 | BST | 67 | 75.4400 | XLON | 1058899096535244 |
28/08/2024 | 17:24:12 | BST | 70 | 75.4200 | XLON | 1058899096535611 |
28/08/2024 | 17:25:09 | BST | 57 | 75.4000 | XLON | 1058899096535782 |
28/08/2024 | 17:25:38 | BST | 91 | 75.4400 | XLON | 1058899096535872 |
28/08/2024 | 17:25:55 | BST | 45 | 75.4400 | XLON | 1058899096535894 |
28/08/2024 | 17:26:18 | BST | 68 | 75.4200 | XLON | 1058899096535973 |
28/08/2024 | 17:27:48 | BST | 33 | 75.4600 | XLON | 1058899096536229 |
28/08/2024 | 17:27:48 | BST | 12 | 75.4600 | XLON | 1058899096536230 |
28/08/2024 | 17:27:48 | BST | 74 | 75.4600 | XLON | 1058899096536231 |
28/08/2024 | 17:27:49 | BST | 91 | 75.4600 | XLON | 1058899096536237 |
28/08/2024 | 17:28:25 | BST | 14 | 75.4600 | XLON | 1058899096536413 |
28/08/2024 | 17:28:25 | BST | 47 | 75.4600 | XLON | 1058899096536414 |
28/08/2024 | 17:29:18 | BST | 47 | 75.5000 | XLON | 1058899096536593 |
28/08/2024 | 17:29:22 | BST | 40 | 75.5000 | XLON | 1058899096536607 |
28/08/2024 | 17:29:27 | BST | 13 | 75.5000 | XLON | 1058899096536620 |
28/08/2024 | 17:29:27 | BST | 70 | 75.5000 | XLON | 1058899096536621 |
28/08/2024 | 17:29:28 | BST | 46 | 75.5000 | XLON | 1058899096536623 |
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SOURCE: InterContinental Hotels Group PLC
View the original press release on accesswire.com
FAQ
How many shares did IHG purchase on August 28, 2024?
What was the average price paid per share in IHG's recent buyback?
What does IHG plan to do with the purchased shares?
How many ordinary shares does IHG have in issue after this transaction?
