What is the significance of IHG's share repurchase on June 21, 2024?

The share repurchase signifies IHG's confidence in its value and aims to return capital to shareholders, potentially increasing EPS.

What was the average price IHG paid per share in the June 21, 2024 buyback?

The average price paid per share was £82.57.

Why did IHG repurchase its shares?

The repurchase aims to return value to shareholders and reduce the number of shares in issue, potentially increasing EPS.

How will the IHG share buyback affect the number of shares in issue?

Following the buyback, the number of shares in issue will be reduced to 161,667,045.

InterContinental Hotels Group PLC Announces Transaction in Own Shares - Jun 24

InterContinental Hotels Group PLC (IHG) announced the repurchase of 20,000 ordinary shares on June 21, 2024.

Rhea-AI Impact

(Low)

Rhea-AI Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

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Rhea-AI Summary

InterContinental Hotels Group PLC (IHG) announced the repurchase of 20,000 ordinary shares on June 21, 2024. The shares were acquired at prices ranging from £82.10 to £82.94, with an average price of £82.57 per share. This transaction was conducted through Goldman Sachs International on the London Stock Exchange, following authorization from shareholders at the Annual General Meeting on May 3, 2024. IHG plans to cancel these shares, reducing the number of shares in issue to 161,667,045 (excluding 7,006,782 held in treasury). This buyback is part of a strategy to return value to shareholders.

Positive

Repurchase of 20,000 ordinary shares, reflecting confidence in the company's value.
Average repurchase price of £82.57 per share shows a robust valuation.
Reduction in the number of shares in issue to 161,667,045, potentially increasing earnings per share (EPS).

Negative

Significant capital outflow for share repurchase, which might impact liquidity.
The repurchase was conducted at a high price range (£82.10 - £82.94), indicating substantial expenditure.

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News Market Reaction – IHG

The recorded move for IHG in the trading session of this news was +0.97%.

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06/24/2024 - 02:00 AM EDT

Purchase of own shares

LONDON, UNITED KINGDOM / ACCESSWIRE / June 24, 2024 / InterContinental Hotels Group PLC (the Company)(NYSE:IHG)(LSE:IHG)(OTC PINK:ICHGF)

The Company announces that on 21 June 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:	21 June 2024
Aggregate number of ordinary shares purchased:	20,000
Lowest price paid per share:	£ 82.1000
Highest price paid per share:	£ 82.9400
Average price paid per share:	£ 82.5698

The Company intends to cancel the purchased shares.

Following the above transaction, the Company has 161,667,045 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: 20,000 (ISIN: GB00BHJYC057)

Date of purchases: 21 June 2024

Investment firm: GSI

Aggregated information:

	London Stock Exchange	Cboe BXE	Cboe CXE	Turquoise
Number of ordinary shares purchased	20,000
Highest price paid (per ordinary share)	£ 82.9400
Lowest price paid (per ordinary share)	£ 82.1000
Volume weighted average price paid(per ordinary share)	£ 82.5698

Detailed information:

Transaction Date	Time	Time Zone	Volume	Price (GBP)	Trading Venue	Transaction ID
21/06/2024	10:11:22	BST	84	82.9400	XLON	1016842776744830
21/06/2024	10:11:23	BST	84	82.9000	XLON	1016842776744842
21/06/2024	10:11:24	BST	67	82.9000	XLON	1016842776744848
21/06/2024	10:16:26	BST	84	82.8600	XLON	1016842776745071
21/06/2024	10:20:43	BST	47	82.8600	XLON	1016842776745155
21/06/2024	10:20:43	BST	4	82.8600	XLON	1016842776745156
21/06/2024	11:02:06	BST	48	82.7400	XLON	1016842776746646
21/06/2024	11:06:22	BST	48	82.7400	XLON	1016842776746774
21/06/2024	11:06:38	BST	43	82.6800	XLON	1016842776746797
21/06/2024	11:09:06	BST	58	82.7400	XLON	1016842776746997
21/06/2024	11:09:06	BST	52	82.7000	XLON	1016842776747000
21/06/2024	11:15:36	BST	79	82.4400	XLON	1016842776749286
21/06/2024	11:15:36	BST	79	82.4000	XLON	1016842776749290
21/06/2024	11:15:37	BST	84	82.4000	XLON	1016842776749307
21/06/2024	11:15:39	BST	84	82.4200	XLON	1016842776749324
21/06/2024	11:15:41	BST	35	82.4200	XLON	1016842776749373
21/06/2024	11:16:19	BST	50	82.4400	XLON	1016842776749808
21/06/2024	11:16:19	BST	56	82.4000	XLON	1016842776749844
21/06/2024	11:16:26	BST	63	82.4000	XLON	1016842776749895
21/06/2024	11:16:32	BST	59	82.4000	XLON	1016842776749935
21/06/2024	11:17:14	BST	57	82.3600	XLON	1016842776750302
21/06/2024	11:17:53	BST	83	82.3800	XLON	1016842776750454
21/06/2024	11:18:11	BST	68	82.3800	XLON	1016842776750531
21/06/2024	11:18:11	BST	45	82.3400	XLON	1016842776750540
21/06/2024	11:18:52	BST	69	82.3400	XLON	1016842776750655
21/06/2024	11:19:18	BST	57	82.3000	XLON	1016842776750713
21/06/2024	11:19:58	BST	56	82.2400	XLON	1016842776750887
21/06/2024	11:20:42	BST	84	82.2000	XLON	1016842776751081
21/06/2024	11:20:42	BST	84	82.1600	XLON	1016842776751095
21/06/2024	11:21:10	BST	84	82.1000	XLON	1016842776751251
21/06/2024	11:21:49	BST	57	82.1600	XLON	1016842776751402
21/06/2024	11:21:49	BST	17	82.1600	XLON	1016842776751403
21/06/2024	11:22:21	BST	35	82.1200	XLON	1016842776751462
21/06/2024	11:22:21	BST	39	82.1200	XLON	1016842776751463
21/06/2024	11:22:58	BST	51	82.1400	XLON	1016842776751558
21/06/2024	11:30:27	BST	84	82.5600	XLON	1016842776752352
21/06/2024	FAQ AI-generated questions and answers. How Rhea-AI works. Not financial advice. What is the significance of IHG's share repurchase on June 21, 2024? The share repurchase signifies IHG's confidence in its value and aims to return capital to shareholders, potentially increasing EPS. How many shares did IHG repurchase on June 21, 2024? IHG repurchased 20,000 shares. What was the average price IHG paid per share in the June 21, 2024 buyback? The average price paid per share was £82.57. Why did IHG repurchase its shares? The repurchase aims to return value to shareholders and reduce the number of shares in issue, potentially increasing EPS. How will the IHG share buyback affect the number of shares in issue? Following the buyback, the number of shares in issue will be reduced to 161,667,045. InterContinental Hotels Group Plc NYSE:IHG View IHG Stock Overview → IHG Rankings #564 Ranked by Market Cap #1951 Ranked by Dividends #882 52-Week Gainer #1358 YTD Gainer #2326 Monthly Gainer #292 Ranked by Short %Change IHG Latest News Oct 14, 2026 InterContinental Hotels Group PLC Announces Transaction in Own Shares - October 14 Oct 13, 2026 InterContinental Hotels Group PLC Announces Transaction in Own Shares - October 13 Oct 12, 2026 InterContinental Hotels Group PLC Announces Transaction in Own Shares - October 12 Oct 9, 2026 InterContinental Hotels Group PLC Announces Transaction in Own Shares - October 09 Oct 8, 2026 InterContinental Hotels Group PLC Announces Transaction in Own Shares - October 08 IHG Latest SEC Filings Oct 2, 2026 [6-K] INTERCONTINENTAL HOTELS GROUP PLC /NEW/ Current Report (Foreign Issuer) Oct 1, 2026 [6-K] INTERCONTINENTAL HOTELS GROUP PLC /NEW/ Current Report (Foreign Issuer) Sep 28, 2026 [6-K] INTERCONTINENTAL HOTELS GROUP PLC /NEW/ Current Report (Foreign Issuer) Sep 18, 2026 [6-K] INTERCONTINENTAL HOTELS GROUP PLC /NEW/ Current Report (Foreign Issuer) Sep 18, 2026 [6-K] INTERCONTINENTAL HOTELS GROUP PLC /NEW/ Current Report (Foreign Issuer) IHG Stock Data Market Cap 23.50B Float 147.13M Industry Lodging Sector Consumer Cyclical Website Link Country United Kingdom City Windsor Keep reading More on IHG Oct 14, 2026 InterContinental Hotels Group PLC Announces Transaction in Own Shares - October 14 Oct 13, 2026 InterContinental Hotels Group PLC Announces Transaction in Own Shares - October 13 Oct 12, 2026 InterContinental Hotels Group PLC Announces Transaction in Own Shares - October 12 All IHG news Trending in the feed RIVN Rivian and Redwood Materials Expand Partnership to Span the Lifecycle of the Battery Open the live feed Related articles View all latest news BSP Top Gainer +41.20% Berkshire Hathaway invests further $330 million in Bending Spoons following $600 million IPO investment Oct 14, 2026 IPO CDT Top Loser -46.67% CDT Highlights Sarborg's Solid-Form Patent Filing on a First-in-Class Respiratory Asset Oct 14, 2026 IHG ICHGF Same Company InterContinental Hotels Group PLC Announces Transaction in Own Shares - October 14 Oct 14, 2026 IHG ICHGF Same Company InterContinental Hotels Group PLC Announces Transaction in Own Shares - October 13 Oct 13, 2026 VFS Green SM Officially Launches All-Electric Taxi Service in the U.S. Oct 14, 2026 HSAI Building the Data Infrastructure for Physical AI: Hesai Launches Kosmo 3D World Data Engine Oct 14, 2026 AI WINA Winmark Corporation Announces Quarterly Cash Dividend and Special Dividend Oct 14, 2026 dividends WINA Winmark Corporation Announces Third Quarter Results Oct 14, 2026 earnings LCU LCGMF Trending Lion Copper Corp. Receives Approval To List On NASDAQ Capital Market Oct 14, 2026 WETH Trending WeTouch Technology Enters Robot Human-Machine Interaction Sector Through Strategic Cooperation with Anhui Moke Robot Oct 14, 2026 Explore About Contact Editorial Policy FAQ Rhea-AI Sitemap Legal Terms of Use Cookie Notice Privacy Policy Market Data Articles Top Gainers Market Cap Monthly News Movers Momentum Scanner Stock Themes Live News Financial Tools Stock Market Hours Links RSS feed Facebook Reddit Add to Google An independent AI‑powered platform for real‑time stock market news, press releases, SEC filings, earnings, and tools for trading and investing. © 2020-2026 StockTitan.net - Your Edge is Information Information only. Not investment advice.