InterContinental Hotels Group 6-K: £85-88 share buy-back, 0.25% reduction

Rhea-AI Filing Summary

InterContinental Hotels Group PLC (IHG) filed a Form 6-K reporting nine daily transactions (25 Jul–06 Aug 2025) under its ongoing share-buy-back programme.

• Total shares repurchased: ≈389,600 ordinary shares.
• Cash consideration executed mainly on the London Stock Exchange; prices ranged from £84.58–£88.50 per share.
• All repurchased shares will be cancelled, cutting issued share capital (ex-treasury) from 154,499,321 to 154,111,354 (≈0.25 % reduction).
• Purchases were carried out by Merrill Lynch International under the authority granted at the 8 May 2025 AGM.

No additional financial, operational or guidance information was provided.

Positive

• Capital return: Purchase and cancellation of ≈389,600 shares demonstrates ongoing commitment to shareholder returns.
• Governance transparency: Detailed daily disclosure and clear intent to cancel shares align with best-practice reporting.

Negative

• Limited scale: Repurchases reduce the float by only about 0.25 %, offering minimal EPS uplift.
• No financial context: Filing omits cash outflow, remaining authorisation size, or impact on leverage, limiting investor insight.

Insights

Financial Analyst

TL;DR: Routine buy-back reduces share count by 0.25 %; mildly supportive for EPS but not a game-changer.

The filing simply details execution of an authorised repurchase mandate. Roughly 390 k shares were cancelled at an average price in the mid-£80s, lowering equity base marginally. While capital return is shareholder-friendly, the scale (≈£33 m at VWAP of £85) is insignificant relative to IHG’s £12 bn market cap; earnings accretion will be immaterial. No change to guidance, cash position or leverage metrics is disclosed, so valuation impact is limited. Overall sentiment: modestly constructive but neutral in investment significance.

Corporate Governance Expert

TL;DR: Buy-back executed as authorised; transparent daily reporting supports governance best practice.

IHG follows UK and SEC disclosure norms by publishing granular daily data, including venue-level volumes and VWAPs. Cancelling, rather than holding, the shares avoids dilution risk from re-issuance. The rapid reporting cadence underpins board accountability, yet investors should note that the AGM authorisation still has significant headroom—future activity could intensify capital allocation scrutiny.

SECURITIES AND EXCHANGE COMMISSION

Washington DC 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 AND 15d-16 OF

THE SECURITIES EXCHANGE ACT OF 1934

For 08 August 2025

InterContinental Hotels Group PLC

(Registrant's name)

1 Windsor Dials, Arthur Road, Windsor, SL4 1RS, United Kingdom

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F           Form 40-F

EXHIBIT INDEX

99.1	Transaction in Own Shares dated 28 July 2025
99.2	Transaction in Own Shares dated 29 July 2025
99.3	Transaction in Own Shares dated 30 July 2025
99.4	Transaction in Own Shares dated 31 July 2025
99.5	Transaction in Own Shares dated 01 August 2025
99.6	Transaction in Own Shares dated 04 August 2025
99.7	Transaction in Own Shares dated 05 August 2025
99.8	Transaction in Own Shares dated 06 August 2025
99.9	Transaction in Own Shares dated 07 August 2025

Exhibit No: 99.1

28 July 2025

InterContinental Hotels Group PLC (the "Company")

Transaction in own shares

The Company announces that on 25 July 2025 it purchased the following number of its ordinary shares of 20340/399 pence each from Merrill Lynch International ("MLI") on the London Stock Exchange in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 8 May 2025 (the "Purchase"). The Purchase was effected pursuant to instructions issued by the Company on 18 February 2025 as announced on 18 February 2025.

Date of Purchase: 25 July

	London Stock Exchange	Cboe BXE	Cboe CXE	Turquoise	Aquis
Number of ordinary shares purchased	1,629	0	0	0	0
Highest price paid (per ordinary share)	£ 85.4400	£ 0.0000	£ 0.0000	£ 0.0000	£ 0.0000
Lowest price paid (per ordinary share)	£ 85.3000	£ 0.0000	£ 0.0000	£ 0.0000	£ 0.0000
Volume weighted average price paid (per ordinary share)	£ 85.4332	£ 0.0000	£ 0.0000	£ 0.0000	£ 0.0000

The Company intends to cancel the purchased shares.

Following the above transaction, the Company has 154,499,321 ordinary shares in issue (excluding 6,206,782 held in treasury).

A full breakdown of the individual purchases by MLI is included below.

http://www.rns-pdf.londonstockexchange.com/rns/6935S_1-2025-7-25.pdf

This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.

Enquiries to:

InterContinental Hotels Group PLC:

Investor Relations:      Stuart Ford (+44 (0)7823 828 739); Kate Carpenter (+44 (0) 7825 655 702); Joe Simpson (+44 (0)7976 862 072)

Media Relations:         Neil Maidment (+44 (0)7970 668 250) Mike Ward (+44 (0)7795 257 407)

Schedule of Purchases

Shares purchased:        1,629 (ISIN: GB00BHJYC057)

Date of Purchases:       25 July 2025

Investment firm:          MLI

Exhibit No: 99.2

29 July 2025

InterContinental Hotels Group PLC (the "Company")

Transaction in own shares

The Company announces that on 28 July 2025 it purchased the following number of its ordinary shares of 20340/399 pence each from Merrill Lynch International ("MLI") on the London Stock Exchange in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 8 May 2025 (the "Purchase"). The Purchase was effected pursuant to instructions issued by the Company on 18 February 2025 as announced on 18 February 2025.

Date of Purchase: 28 July

	London Stock Exchange	Cboe BXE	Cboe CXE	Turquoise	Aquis
Number of ordinary shares purchased	18,926	0	0	0	0
Highest price paid (per ordinary share)	£ 87.6600	£ 0.0000	£ 0.0000	£ 0.0000	£ 0.0000
Lowest price paid (per ordinary share)	£ 86.7200	£ 0.0000	£ 0.0000	£ 0.0000	£ 0.0000
Volume weighted average price paid (per ordinary share)	£ 87.0146	£ 0.0000	£ 0.0000	£ 0.0000	£ 0.0000

The Company intends to cancel the purchased shares.

Following the above transaction, the Company has 154,480,395 ordinary shares in issue (excluding 6,206,782 held in treasury).

A full breakdown of the individual purchases by MLI is included below.

http://www.rns-pdf.londonstockexchange.com/rns/8828S_1-2025-7-28.pdf

This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.

Enquiries to:

InterContinental Hotels Group PLC:

Investor Relations:       Stuart Ford (+44 (0)7823 828 739); Kate Carpenter (+44 (0) 7825 655 702); Joe Simpson (+44 (0)7976 862 072)

Media Relations:          Neil Maidment (+44 (0)7970 668 250) Mike Ward (+44 (0)7795 257 407)

Schedule of Purchases

Shares purchased:        18,926 (ISIN: GB00BHJYC057)

Date of Purchases:       28 July 2025

Investment firm:          MLI

Exhibit No: 99.3

30 July 2025

InterContinental Hotels Group PLC (the "Company")

Transaction in own shares

The Company announces that on 29 July 2025 it purchased the following number of its ordinary shares of 20340/399 pence each from Merrill Lynch International ("MLI") on the London Stock Exchange in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 8 May 2025 (the "Purchase"). The Purchase was effected pursuant to instructions issued by the Company on 18 February 2025 as announced on 18 February 2025.

Date of Purchase: 29 July

	London Stock Exchange	Cboe BXE	Cboe CXE	Turquoise	Aquis
Number of ordinary shares purchased	33,902	0	0	0	0
Highest price paid (per ordinary share)	£ 88.0200	£ 0.0000	£ 0.0000	£ 0.0000	£ 0.0000
Lowest price paid (per ordinary share)	£ 86.8800	£ 0.0000	£ 0.0000	£ 0.0000	£ 0.0000
Volume weighted average price paid (per ordinary share)	£ 87.2940	£ 0.0000	£ 0.0000	£ 0.0000	£ 0.0000

The Company intends to cancel the purchased shares.

Following the above transaction, the Company has 154,446,493 ordinary shares in issue (excluding 6,206,782 held in treasury).

A full breakdown of the individual purchases by MLI is included below.

http://www.rns-pdf.londonstockexchange.com/rns/0802T_1-2025-7-29.pdf

This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.

Enquiries to:

InterContinental Hotels Group PLC:

Investor Relations:       Stuart Ford (+44 (0)7823 828 739); Kate Carpenter (+44 (0) 7825 655 702); Joe Simpson (+44 (0)7976 862 072)

Media Relations:          Neil Maidment (+44 (0)7970 668 250) Mike Ward (+44 (0)7795 257 407)

Schedule of Purchases

Shares purchased:        33,902 (ISIN: GB00BHJYC057)

Date of Purchases:       29 July 2025

Investment firm:          MLI

Exhibit No: 99.4

31 July 2025

InterContinental Hotels Group PLC (the "Company")

Transaction in own shares

The Company announces that on 30 July 2025 it purchased the following number of its ordinary shares of 20340/399 pence each from Merrill Lynch International ("MLI") on the London Stock Exchange in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 8 May 2025 (the "Purchase"). The Purchase was effected pursuant to instructions issued by the Company on 18 February 2025 as announced on 18 February 2025.

Date of Purchase: 30 July

	London Stock Exchange	Cboe BXE	Cboe CXE	Turquoise	Aquis
Number of ordinary shares purchased	36,442	0	0	0	0
Highest price paid (per ordinary share)	£ 88.5000	£ 0.0000	£ 0.0000	£ 0.0000	£ 0.0000
Lowest price paid (per ordinary share)	£ 86.4200	£ 0.0000	£ 0.0000	£ 0.0000	£ 0.0000
Volume weighted average price paid (per ordinary share)	£ 87.8996	£ 0.0000	£ 0.0000	£ 0.0000	£ 0.0000

The Company intends to cancel the purchased shares.

Following the above transaction, the Company has 154,410,051 ordinary shares in issue (excluding 6,206,782 held in treasury).

A full breakdown of the individual purchases by MLI is included below.

http://www.rns-pdf.londonstockexchange.com/rns/2887T_1-2025-7-30.pdf

This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.

Enquiries to:

InterContinental Hotels Group PLC:

Investor Relations:       Stuart Ford (+44 (0)7823 828 739); Kate Carpenter (+44 (0) 7825 655 702); Joe Simpson (+44 (0)7976 862 072)

Media Relations:          Neil Maidment (+44 (0)7970 668 250) Mike Ward (+44 (0)7795 257 407)

Schedule of Purchases

Shares purchased:        36,442 (ISIN: GB00BHJYC057)

Date of Purchases:       30 July 2025

Investment firm:           MLI

Exhibit No: 99.5

01 August 2025

InterContinental Hotels Group PLC (the "Company")

Transaction in own shares

The Company announces that on 31 July 2025 it purchased the following number of its ordinary shares of 20340/399 pence each from Merrill Lynch International ("MLI") on the London Stock Exchange in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 8 May 2025 (the "Purchase"). The Purchase was effected pursuant to instructions issued by the Company on 18 February 2025 as announced on 18 February 2025.

Date of Purchase: 31 July

	London Stock Exchange	Cboe BXE	Cboe CXE	Turquoise	Aquis
Number of ordinary shares purchased	39,066	0	0	0	0
Highest price paid (per ordinary share)	£ 88.2200	£ 0.0000	£ 0.0000	£ 0.0000	£ 0.0000
Lowest price paid (per ordinary share)	£ 86.6800	£ 0.0000	£ 0.0000	£ 0.0000	£ 0.0000
Volume weighted average price paid (per ordinary share)	£ 87.6601	£ 0.0000	£ 0.0000	£ 0.0000	£ 0.0000

The Company intends to cancel the purchased shares.

Following the above transaction, the Company has 154,370,985 ordinary shares in issue (excluding 6,206,782 held in treasury).

A full breakdown of the individual purchases by MLI is included below.

http://www.rns-pdf.londonstockexchange.com/rns/5110T_1-2025-7-31.pdf

This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.

Enquiries to:

InterContinental Hotels Group PLC:

Investor Relations:      Stuart Ford (+44 (0)7823 828 739); Kate Carpenter (+44 (0) 7825 655 702); Joe Simpson (+44 (0)7976 862 072)

Media Relations:         Neil Maidment (+44 (0)7970 668 250) Mike Ward (+44 (0)7795 257 407)

Schedule of Purchases

Shares purchased:        39,066 (ISIN: GB00BHJYC057)

Date of Purchases:       31 July 2025

Investment firm:          MLI

Exhibit No: 99.6

04 August 2025

InterContinental Hotels Group PLC (the "Company")

Transaction in own shares

The Company announces that on 01 August 2025 it purchased the following number of its ordinary shares of 20340/399 pence each from Merrill Lynch International ("MLI") on the London Stock Exchange in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 8 May 2025 (the "Purchase"). The Purchase was effected pursuant to instructions issued by the Company on 18 February 2025 as announced on 18 February 2025.

Date of Purchase: 01 August

	London Stock Exchange	Cboe BXE	Cboe CXE	Turquoise	Aquis
Number of ordinary shares purchased	47,555	0	0	0	0
Highest price paid (per ordinary share)	£ 86.8800	£ 0.0000	£ 0.0000	£ 0.0000	£ 0.0000
Lowest price paid (per ordinary share)	£ 84.5800	£ 0.0000	£ 0.0000	£ 0.0000	£ 0.0000
Volume weighted average price paid (per ordinary share)	£ 85.5971	£ 0.0000	£ 0.0000	£ 0.0000	£ 0.0000

The Company intends to cancel the purchased shares.

Following the above transaction, the Company has 154,323,430 ordinary shares in issue (excluding 6,206,782 held in treasury).

A full breakdown of the individual purchases by MLI is included below.

http://www.rns-pdf.londonstockexchange.com/rns/7245T_1-2025-8-1.pdf

This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.

Enquiries to:

InterContinental Hotels Group PLC:

Investor Relations:      Stuart Ford (+44 (0)7823 828 739); Kate Carpenter (+44 (0) 7825 655 702); Joe Simpson (+44 (0)7976 862 072)

Media Relations:         Neil Maidment (+44 (0)7970 668 250) Mike Ward (+44 (0)7795 257 407)

Schedule of Purchases

Shares purchased:        47,555 (ISIN: GB00BHJYC057)

Date of Purchases:       01 August 2025

Investment firm:          MLI

Exhibit No: 99.7

05 August 2025

InterContinental Hotels Group PLC (the "Company")

Transaction in own shares

The Company announces that on 04 August 2025 it purchased the following number of its ordinary shares of 20340/399 pence each from Merrill Lynch International ("MLI") on the London Stock Exchange in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 8 May 2025 (the "Purchase"). The Purchase was effected pursuant to instructions issued by the Company on 18 February 2025 as announced on 18 February 2025.

Date of Purchase: 04 August

	London Stock Exchange	Cboe BXE	Cboe CXE	Turquoise	Aquis
Number of ordinary shares purchased	28,062	0	0	0	0
Highest price paid (per ordinary share)	£ 86.5800	£ 0.0000	£ 0.0000	£ 0.0000	£ 0.0000
Lowest price paid (per ordinary share)	£ 85.6800	£ 0.0000	£ 0.0000	£ 0.0000	£ 0.0000
Volume weighted average price paid (per ordinary share)	£ 86.0378	£ 0.0000	£ 0.0000	£ 0.0000	£ 0.0000

The Company intends to cancel the purchased shares.

Following the above transaction, the Company has 154,295,368 ordinary shares in issue (excluding 6,206,782 held in treasury).

A full breakdown of the individual purchases by MLI is included below.

http://www.rns-pdf.londonstockexchange.com/rns/9289T_1-2025-8-4.pdf

This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.

Enquiries to:

InterContinental Hotels Group PLC:

Investor Relations:      Stuart Ford (+44 (0)7823 828 739); Kate Carpenter (+44 (0) 7825 655 702); Joe Simpson (+44 (0)7976 862 072)

Media Relations:         Neil Maidment (+44 (0)7970 668 250) Mike Ward (+44 (0)7795 257 407)

Schedule of Purchases

Shares purchased:        28,062 (ISIN: GB00BHJYC057)

Date of Purchases:       04 August 2025

Investment firm:          MLI

Exhibit No: 99.8

06 August 2025

InterContinental Hotels Group PLC (the "Company")

Transaction in own shares

The Company announces that on 05 August 2025 it purchased the following number of its ordinary shares of 20340/399 pence each from Merrill Lynch International ("MLI") on the London Stock Exchange in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 8 May 2025 (the "Purchase"). The Purchase was effected pursuant to instructions issued by the Company on 18 February 2025 as announced on 18 February 2025.

Date of Purchase: 05 August

	London Stock Exchange	Cboe BXE	Cboe CXE	Turquoise	Aquis
Number of ordinary shares purchased	60,730	8,544	20,721	0	0
Highest price paid (per ordinary share)	£ 86.6400	£ 86.0400	£ 86.6200	£ 0.0000	£ 0.0000
Lowest price paid (per ordinary share)	£ 85.4600	£ 85.4600	£ 85.5000	£ 0.0000	£ 0.0000
Volume weighted average price paid (per ordinary share)	£ 86.0776	£ 85.8150	£ 86.1129	£ 0.0000	£ 0.0000

The Company intends to cancel the purchased shares.

Following the above transaction, the Company has 154,205,373 ordinary shares in issue (excluding 6,206,782 held in treasury).

A full breakdown of the individual purchases by MLI is included below.

http://www.rns-pdf.londonstockexchange.com/rns/1231U_1-2025-8-5.pdf

This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.

Enquiries to:

InterContinental Hotels Group PLC:

Investor Relations:      Stuart Ford (+44 (0)7823 828 739); Kate Carpenter (+44 (0) 7825 655 702); Joe Simpson (+44 (0)7976 862 072)

Media Relations:         Neil Maidment (+44 (0)7970 668 250) Mike Ward (+44 (0)7795 257 407)

Schedule of Purchases

Shares purchased:        89,995 (ISIN: GB00BHJYC057)

Date of Purchases:       05 August 2025

Investment firm:          MLI

Exhibit No: 99.9

07 August 2025

InterContinental Hotels Group PLC (the "Company")

Transaction in own shares

The Company announces that on 06 August 2025 it purchased the following number of its ordinary shares of 20340/399 pence each from Merrill Lynch International ("MLI") on the London Stock Exchange in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 8 May 2025 (the "Purchase"). The Purchase was effected pursuant to instructions issued by the Company on 18 February 2025 as announced on 18 February 2025.

Date of Purchase: 06 August

	London Stock Exchange	Cboe BXE	Cboe CXE	Turquoise	Aquis
Number of ordinary shares purchased	50,895	22,972	20,152	0	0
Highest price paid (per ordinary share)	£ 86.9800	£ 87.0000	£ 86.9600	£ 0.0000	£ 0.0000
Lowest price paid (per ordinary share)	£ 86.0400	£ 86.0200	£ 86.0200	£ 0.0000	£ 0.0000
Volume weighted average price paid (per ordinary share)	£ 86.4593	£ 86.3821	£ 86.4309	£ 0.0000	£ 0.0000

The Company intends to cancel the purchased shares.

Following the above transaction, the Company has 154,111,354 ordinary shares in issue (excluding 6,206,782 held in treasury).

A full breakdown of the individual purchases by MLI is included below.

http://www.rns-pdf.londonstockexchange.com/rns/3407U_1-2025-8-7.pdf

This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.

Enquiries to:

InterContinental Hotels Group PLC:

Investor Relations:       Stuart Ford (+44 (0)7823 828 739); Kate Carpenter (+44 (0) 7825 655 702); Joe Simpson (+44 (0)7976 862 072)

Media Relations:          Neil Maidment (+44 (0)7970 668 250) Mike Ward (+44 (0)7795 257 407)

Schedule of Purchases

Shares purchased:        94,019 (ISIN: GB00BHJYC057)

Date of Purchases:       06 August 2025

Investment firm:          MLI

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		InterContinental Hotels Group PLC
		(Registrant)
	By:	/s/ C. Bates
	Name:	C. BATES
	Title:	SENIOR ASSISTANT COMPANY SECRETARY
	Date:	08 August 2025

FAQ

How many IHG shares were repurchased in this 6-K period?

Approximately 389,600 ordinary shares were bought between 25 July and 6 August 2025.

What is the new share count for IHG after the cancellation?

Issued shares (excluding treasury) fell to 154,111,354 ordinary shares.

At what price range did IHG buy back its shares?

Daily prices ranged from £84.58 to £88.50 per share.

Who executed the share buy-back for IHG?

Merrill Lynch International acted as the broker for all transactions.

Will the repurchased IHG shares be held or cancelled?

The company states it intends to cancel all shares bought back during the period.