InterContinental Hotels Group PLC Announces Transaction in Own Shares - December 19
Rhea-AI Summary
InterContinental Hotels Group (IHG) has announced a share buyback transaction conducted on December 18, 2024, through Goldman Sachs International on the London Stock Exchange. The company purchased 117,273 ordinary shares at prices ranging from £99.80 to £100.70 per share, with an average price of £100.3398.
The breakdown of purchases across different exchanges was: 75,000 shares on London Stock Exchange, 11,273 on Cboe BXE, 25,000 on Cboe CXE, and 6,000 on Turquoise. Following this transaction, IHG has 158,642,899 ordinary shares in issue, excluding 6,241,782 shares held in treasury. The company intends to cancel the purchased shares.
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News Market Reaction 1 Alert
On the day this news was published, IHG gained 0.31%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
LONDON, UNITED KINGDOM / ACCESSWIRE / December 19, 2024 / The Company announces that on 18 December 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: | 18 December 2024 |
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Aggregate number of ordinary shares purchased: | 117,273 |
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Lowest price paid per share: | £ 99.8000 |
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Highest price paid per share: | £ 100.7000 |
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Average price paid per share: | £ 100.3398 |
The Company intends to cancel the purchased shares.
Following the above transaction, the Company has 158,642,899 ordinary shares in issue (excluding 6,241,782 held in treasury).
A full breakdown of the individual purchases by GSI is included below.
http://www.rns-pdf.londonstockexchange.com/rns/6637Q_1-2024-12-18.pdf
Enquiries to:
InterContinental Hotels Group PLC:
Investor Relations: Stuart Ford (+44 (0)7823 828 739);
Joe Simpson (+44 (0)7976 862 072)
Media Relations: Mike Ward (+44 (0)7795 257 407)
Schedule of Purchases
Shares purchased: 117,273 (ISIN: GB00BHJYC057)
Date of purchases: 18 December 2024
Investment firm: GSI
Aggregated information:
| London Stock Exchange | Cboe BXE | Cboe CXE | Turquoise |
Number of ordinary shares purchased | 75,000 | 11,273 | 25,000 | 6,000 |
Highest price paid (per ordinary share) | £ 100.7000 | £ 100.7000 | £ 100.6500 | £ 100.6500 |
Lowest price paid (per ordinary share) | £ 99.8000 | £ 99.8000 | £ 99.8200 | £ 99.8400 |
Volume weighted average price paid(per ordinary share) | £ 100.3481 | £ 100.3316 | £ 100.3148 | £ 100.3568 |
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 in its December 18, 2024 buyback?
What was the price range for IHG's share buyback on December 18, 2024?
How many shares does IHG have in issue after the December 18 buyback?
What is IHG planning to do with the shares purchased on December 18, 2024?
How were IHG's share purchases distributed across different exchanges?
