Welcome to our dedicated page for InterContinental Hotels Group Plc news (Ticker: IHG), a resource for investors and traders seeking the latest updates and insights on InterContinental Hotels Group Plc stock.
IHG Hotels & Resorts (IHG) operates one of the world's most diverse hospitality portfolios, spanning 19 brands across 100+ countries. This news hub provides investors and industry professionals with essential updates on strategic initiatives, financial performance, and market developments.
Track IHG's latest press releases covering earnings reports, property expansions, technology partnerships like its Google Cloud collaboration, and sustainability efforts. Our curated collection offers insights into leadership changes, brand innovations such as the IHG One Rewards program enhancements, and global market entries.
Bookmark this page for real-time updates on IHG's asset-light growth strategy, franchising opportunities, and digital transformation projects shaping modern hospitality. Stay informed about operational milestones through verified announcements directly from the company and trusted financial analysts.
InterContinental Hotels Group announced the purchase of 19,859 ordinary shares at an average price of £48.4003 on January 3, 2023. This transaction was conducted through Goldman Sachs International and aligns with an authority granted by shareholders during the Annual General Meeting on May 6, 2022. Following this purchase, the company now has 175,585,738 shares in issue, excluding 7,506,782 held in treasury. The firm intends to cancel the purchased shares, impacting its outstanding share count significantly.
On December 30, 2022, InterContinental Hotels Group completed the purchase of 4,027 ordinary shares at an average price of £47.5948 each. This action was authorized during the Annual General Meeting on May 6, 2022, and followed instructions issued on August 9, 2022. The company's total issued shares now stand at 175,605,597, excluding treasury shares. The purchased shares are intended to be canceled, which may positively impact future earnings per share by reducing the total share count.
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