InterContinental Hotels Group PLC Announces Transaction in Own Shares – Nov 18

Rhea-AI Summary

On November 17, 2022, InterContinental Hotels Group purchased 20,000 ordinary shares at an average price of £46.9566 through Goldman Sachs International. The transaction followed authority granted by shareholders during the AGM on May 6, 2022. The lowest price paid per share was £46.6800, and the highest was £47.4500. Following this purchase, the company has 175,486,955 ordinary shares in circulation, excluding treasury shares. The purchased shares will be canceled, reducing the total share count.

Positive

• Share repurchase signals confidence in the company's financial health.
• Reduction of total shares outstanding may enhance earnings per share.

Negative

• None.

Purchase of own shares

LONDON, UK / ACCESSWIRE / November 18, 2022 / The Company announces that on 17 November 2022 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 6 May 2022 (the "Purchase"). The Purchase was effected pursuant to instructions issued by the Company on 09 August 2022, as announced on 09 August 2022.

Date of purchase:	17 November 2022
Aggregate number of ordinary shares purchased:	20,000
Lowest price paid per share:	£ 46.6800
Highest price paid per share:	£ 47.4500
Average price paid per share:	£ 46.9566

The Company intends to cancel the purchased shares.

Following the above transaction, the Company has 175,486,955 ordinary shares in issue (excluding 8,156,782 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: Amy Shields (+44 (0)7881 035 550); Dan Winter (+44 (0)7423 793 352)

Schedule of Purchases

Shares purchased: 20,000 (ISIN: GB00BHJYC057)

Date of purchases: 17 November 2022

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)	£ 47.4500
Lowest price paid (per ordinary share)	£ 46.6800
Volume weighted average price paid(per ordinary share)	£ 46.9566

Detailed information:

Transaction Date	Time	Time Zone	Volume	Price (GBP)	Trading Venue	Transaction ID
17/11/2022	08:08:40	GMT	165	46.9500	XLON	656915927402813
17/11/2022	08:14:32	GMT	97	46.9800	XLON	656915927403723
17/11/2022	08:22:10	GMT	103	47.3300	XLON	656915927404656
17/11/2022	08:22:10	GMT	87	47.3400	XLON	656915927404654
17/11/2022	08:24:24	GMT	134	47.4500	XLON	656915927404880
17/11/2022	08:28:41	GMT	134	47.2400	XLON	656915927405360
17/11/2022	08:30:59	GMT	76	47.2100	XLON	656915927405597
17/11/2022	08:33:24	GMT	141	47.2500	XLON	656915927405934
17/11/2022	08:36:05	GMT	79	47.2100	XLON	656915927406169
17/11/2022	08:38:30	GMT	80	47.2700	XLON	656915927406404
17/11/2022	08:40:13	GMT	77	47.2300	XLON	656915927406529
17/11/2022	08:44:00	GMT	89	47.2400	XLON	656915927406759
17/11/2022	08:47:22	GMT	18	47.1800	XLON	656915927406948
17/11/2022	08:47:22	GMT	61	47.1800	XLON	656915927406949
17/11/2022	08:50:01	GMT	101	47.1400	XLON	656915927407129
17/11/2022	08:53:36	GMT	103	47.1300	XLON	656915927407332
17/11/2022	08:59:02	GMT	94	47.1000	XLON	656915927407727
17/11/2022	09:01:25	GMT	82	47.1000	XLON	656915927407956
17/11/2022	09:04:22	GMT	90	47.0600	XLON	656915927408223
17/11/2022	09:10:00	GMT	81	47.0400	XLON	656915927408784
17/11/2022	09:11:17	GMT	91	47.0400	XLON	656915927408921
17/11/2022	09:17:02	GMT	87	46.8700	XLON	656915927409560
17/11/2022	09:21:02	GMT	121	46.9200	XLON	656915927409958
17/11/2022	09:26:11	GMT	128	46.9000	XLON	656915927410218
17/11/2022	09:34:50	GMT	107	46.8700	XLON	656915927410708
17/11/2022	09:45:32	GMT	206	46.8500	XLON	656915927411397
17/11/2022	09:51:37	GMT	32	46.8300	XLON	656915927411793
17/11/2022	09:51:37	GMT	45	46.8300	XLON	656915927411794
17/11/2022	10:00:02	GMT	5	46.8300	XLON	656915927412612
17/11/2022	10:00:02	GMT	85	46.8300	XLON	656915927412611
17/11/2022	10:04:11	GMT	95	46.8400	XLON	656915927412994
17/11/2022	10:10:29	GMT	29	46.9000	XLON	656915927413443
17/11/2022	10:10:29	GMT	67	46.9000	XLON	656915927413442
17/11/2022	10:16:44	GMT	104	47.0000	XLON	656915927413934
17/11/2022	10:20:55	GMT	95	46.9300	XLON	656915927414349
17/11/2022	10:29:33	GMT	128	47.0500	XLON	656915927415061
17/11/2022	10:33:43	GMT	93	47.0200	XLON	656915927415408
17/11/2022	10:40:05	GMT	131	46.9700	XLON	656915927415908
17/11/2022	10:44:54	GMT	189	46.9700	XLON	656915927416195
17/11/2022	10:49:42	GMT	77	46.8500	XLON	656915927416789
17/11/2022	10:56:31	GMT	192	46.7900	XLON	656915927417894
17/11/2022	11:01:30	GMT	88	46.7900	XLON	656915927418460
17/11/2022	11:03:28	GMT	97	46.8200	XLON	656915927418588
17/11/2022	11:13:04	GMT	40	46.8000	XLON	656915927419098
17/11/2022	11:13:04	GMT	92	46.8000	XLON	656915927419097
17/11/2022	11:19:59	GMT	144	46.7500	XLON	656915927419474
17/11/2022	11:27:43	GMT	169	46.7600	XLON	656915927419992
17/11/2022	11:34:06	GMT	151	46.8000	XLON	656915927420528
17/11/2022	11:37:15	GMT	83	46.7900	XLON	656915927420726
17/11/2022	11:41:49	GMT	98	46.8300	XLON	656915927421551
17/11/2022	11:47:54	GMT	172	46.9000	XLON	656915927422139
17/11/2022	11:54:13	GMT	111	46.8900	XLON	656915927423084
17/11/2022	12:01:21	GMT	119	46.9100	XLON	656915927423948
17/11/2022	12:04:16	GMT	99	46.8900	XLON	656915927424232
17/11/2022	12:09:24	GMT	92	46.8800	XLON	656915927424743
17/11/2022	12:15:31	GMT	105	46.9200	XLON	656915927425261
17/11/2022	12:16:55	GMT	39	46.8900	XLON	656915927425369
17/11/2022	12:16:55	GMT	60	46.8900	XLON	656915927425370
17/11/2022	12:23:37	GMT	120	46.8900	XLON	656915927425889
17/11/2022	12:24:04	GMT	116	46.8700	XLON	656915927425913
17/11/2022	12:31:11	GMT	37	46.8500	XLON	656915927427305
17/11/2022	12:31:11	GMT	100	46.8500	XLON	656915927427304
17/11/2022	12:38:27	GMT	75	46.8500	XLON	656915927428000
17/11/2022	12:38:27	GMT	86	46.8500	XLON	656915927427994
17/11/2022	12:44:24	GMT	8	46.8700	XLON	656915927428630
17/11/2022	12:44:24	GMT	70	46.8700	XLON	656915927428629
17/11/2022	12:44:24	GMT	76	46.8700	XLON	656915927428613
17/11/2022	12:49:48	GMT	90	46.8700	XLON	656915927429256
17/11/2022	12:51:22	GMT	60	46.8800	XLON	656915927429441
17/11/2022	12:51:22	GMT	82	46.8900	XLON	656915927429440
17/11/2022	12:57:31	GMT	90	46.8900	XLON	656915927429972
17/11/2022	13:01:32	GMT	106	46.8300	XLON	656915927430502
17/11/2022	13:03:58	GMT	86	46.8000	XLON	656915927430654
17/11/2022	13:08:20	GMT	99	46.7200	XLON	656915927431134
17/11/2022	13:12:58	GMT	98	46.6900	XLON	656915927431475
17/11/2022	13:17:40	GMT	90	46.7100	XLON	656915927431925
17/11/2022	13:20:24	GMT	97	46.6900	XLON	656915927432104
17/11/2022	13:23:30	GMT	85	46.6900	XLON	656915927432331
17/11/2022	13:26:37	GMT	87	46.7300	XLON	656915927432723
17/11/2022	13:32:19	GMT	2	46.7300	XLON	656915927433192
17/11/2022	13:32:19	GMT	94	46.7300	XLON	656915927433191
17/11/2022	13:32:19	GMT	113	46.7300	XLON	656915927433188
17/11/2022	13:35:40	GMT	185	46.6800	XLON	656915927433563
17/11/2022	13:39:43	GMT	50	46.6900	XLON	656915927433909
17/11/2022	13:39:43	GMT	68	46.6900	XLON	656915927433908
17/11/2022	13:41:56	GMT	107	46.7100	XLON	656915927434089
17/11/2022	13:41:57	GMT	76	46.7000	XLON	656915927434091
17/11/2022	13:47:03	GMT	18	46.7700	XLON	656915927434544
17/11/2022	13:47:03	GMT	135	46.7700	XLON	656915927434545
17/11/2022	13:50:56	GMT	78	46.7600	XLON	656915927434902
17/11/2022	13:51:24	GMT	150	46.7500	XLON	656915927434954
17/11/2022	13:55:24	GMT	130	46.8100	XLON	656915927435479
17/11/2022	13:57:18	GMT	88	46.8000	XLON	656915927435654
17/11/2022	14:05:08	GMT	146	46.8400	XLON	656915927436546
17/11/2022	14:05:33	GMT	127	46.8500	XLON	656915927436626
17/11/2022	14:07:52	GMT	208	46.8500	XLON	656915927436955
17/11/2022	14:10:55	GMT	159	46.8900	XLON	656915927437410
17/11/2022	14:16:04	GMT	219	46.9100	XLON	656915927438186
17/11/2022	14:17:09	GMT	37	46.8900	XLON	656915927438359
17/11/2022	14:17:09	GMT	52	46.8900	XLON	656915927438358
17/11/2022	14:22:48	GMT	180	46.8500	XLON	656915927439063
17/11/2022	14:24:09	GMT	97	46.8300	XLON	656915927439224
17/11/2022	14:28:05	GMT	157	46.8500	XLON	656915927439846
17/11/2022	14:29:00	GMT	88	46.8400	XLON	656915927439976
17/11/2022	14:30:08	GMT	100	46.8000	XLON	656915927440436
17/11/2022	14:31:21	GMT	83	46.7500	XLON	656915927441328
17/11/2022	14:33:33	GMT	90	46.8200	XLON	656915927442188
17/11/2022	14:33:33	GMT	220	46.8200	XLON	656915927442187
17/11/2022	14:36:15	GMT	99	46.9300	XLON	656915927443262
17/11/2022	14:36:49	GMT	75	46.9000	XLON	656915927443412
17/11/2022	14:37:41	GMT	91	46.8700	XLON	656915927443740
17/11/2022	14:39:32	GMT	101	46.9400	XLON	656915927444160
17/11/2022	14:40:00	GMT	84	46.9300	XLON	656915927444206
17/11/2022	14:40:54	GMT	138	46.9400	XLON	656915927444498
17/11/2022	14:42:51	GMT	87	47.0100	XLON	656915927445108
17/11/2022	14:42:54	GMT	91	46.9900	XLON	656915927445125
17/11/2022	14:43:45	GMT	124	46.9500	XLON	656915927445428
17/11/2022	14:45:02	GMT	107	46.9500	XLON	656915927445708
17/11/2022	14:46:19	GMT	88	46.9700	XLON	656915927446264
17/11/2022	14:47:49	GMT	147	46.9400	XLON	656915927446657
17/11/2022	14:49:46	GMT	27	46.9600	XLON	656915927447208
17/11/2022	14:49:46	GMT	129	46.9600	XLON	656915927447207
17/11/2022	14:52:11	GMT	41	47.0200	XLON	656915927447822
17/11/2022	14:52:11	GMT	156	47.0200	XLON	656915927447823
17/11/2022	14:53:17	GMT	178	47.0000	XLON	656915927448521
17/11/2022	14:54:43	GMT	135	47.0100	XLON	656915927449034
17/11/2022	14:56:07	GMT	154	46.9600	XLON	656915927449479
17/11/2022	14:58:29	GMT	11	47.0200	XLON	656915927450032
17/11/2022	14:58:29	GMT	68	47.0200	XLON	656915927450033
17/11/2022	14:59:13	GMT	26	47.0200	XLON	656915927450200
17/11/2022	14:59:13	GMT	92	47.0200	XLON	656915927450199
17/11/2022	15:00:18	GMT	128	47.0500	XLON	656915927450501
17/11/2022	15:01:22	GMT	100	47.0500	XLON	656915927450901
17/11/2022	15:02:48	GMT	76	47.0600	XLON	656915927451283
17/11/2022	15:03:33	GMT	85	47.0900	XLON	656915927451500
17/11/2022	15:04:16	GMT	19	47.1000	XLON	656915927451703
17/11/2022	15:05:11	GMT	94	47.1500	XLON	656915927451919
17/11/2022	15:05:22	GMT	16	47.1400	XLON	656915927451974
17/11/2022	15:05:22	GMT	78	47.1400	XLON	656915927451973
17/11/2022	15:06:03	GMT	100	47.1400	XLON	656915927452146
17/11/2022	15:07:36	GMT	77	47.1000	XLON	656915927452543
17/11/2022	15:09:03	GMT	111	47.0800	XLON	656915927452866
17/11/2022	15:11:40	GMT	221	47.0800	XLON	656915927453556
17/11/2022	15:13:10	GMT	143	47.0800	XLON	656915927453948
17/11/2022	15:14:46	GMT	173	47.1000	XLON	656915927454300
17/11/2022	15:17:21	GMT	193	47.0700	XLON	656915927455178
17/11/2022	15:18:39	GMT	7	47.0700	XLON	656915927455447
17/11/2022	15:20:56	GMT	42	47.1000	XLON	656915927456077
17/11/2022	15:20:56	GMT	160	47.1000	XLON	656915927456078
17/11/2022	15:21:28	GMT	89	47.0900	XLON	656915927456155
17/11/2022	15:25:05	GMT	70	47.0900	XLON	656915927456948
17/11/2022	15:25:05	GMT	84	47.0900	XLON	656915927456949
17/11/2022	15:25:05	GMT	131	47.0900	XLON	656915927456943
17/11/2022	15:25:57	GMT	76	47.0900	XLON	656915927457122
17/11/2022	15:27:30	GMT	84	47.0900	XLON	656915927457473
17/11/2022	15:29:13	GMT	89	47.0700	XLON	656915927457814
17/11/2022	15:30:06	GMT	120	47.0400	XLON	656915927457978
17/11/2022	15:33:50	GMT	60	47.0700	XLON	656915927458880
17/11/2022	15:33:50	GMT	107	47.0700	XLON	656915927458879
17/11/2022	15:36:46	GMT	5	47.0400	XLON	656915927459548
17/11/2022	15:36:46	GMT	242	47.0400	XLON	656915927459547
17/11/2022	15:37:02	GMT	79	47.0300	XLON	656915927459588
17/11/2022	15:38:15	GMT	36	47.0400	XLON	656915927459877
17/11/2022	15:38:15	GMT	96	47.0400	XLON	656915927459876
17/11/2022	15:41:26	GMT	39	47.0700	XLON	656915927460569
17/11/2022	15:41:26	GMT	165	47.0700	XLON	656915927460570
17/11/2022	15:45:49	GMT	285	47.0200	XLON	656915927461409
17/11/2022	15:48:09	GMT	23	47.0100	XLON	656915927461968
17/11/2022	15:48:13	GMT	105	47.0100	XLON	656915927461979
17/11/2022	15:49:12	GMT	140	46.9900	XLON	656915927462253
17/11/2022	15:51:06	GMT	154	46.9700	XLON	656915927462838
17/11/2022	15:53:18	GMT	74	47.0000	XLON	656915927463366
17/11/2022	15:56:08	GMT	89	47.0000	XLON	656915927464097
17/11/2022	15:56:08	GMT	120	47.0000	XLON	656915927464096
17/11/2022	15:58:23	GMT	86	47.0200	XLON	656915927464784
17/11/2022	15:58:23	GMT	147	47.0200	XLON	656915927464785
17/11/2022	16:00:00	GMT	76	46.9900	XLON	656915927465226
17/11/2022	16:03:05	GMT	106	47.0300	XLON	656915927465844
17/11/2022	16:03:06	GMT	64	47.0200	XLON	656915927465865
17/11/2022	16:03:06	GMT	78	47.0200	XLON	656915927465864
17/11/2022	16:03:19	GMT	90	47.0100	XLON	656915927465916
17/11/2022	16:06:52	GMT	189	47.0400	XLON	656915927466781
17/11/2022	16:08:06	GMT	93	47.0400	XLON	656915927467080
17/11/2022	16:08:06	GMT	124	47.0400	XLON	656915927467079
17/11/2022	16:09:16	GMT	29	47.0300	XLON	656915927467362
17/11/2022	16:09:16	GMT	45	47.0300	XLON	656915927467363
17/11/2022	16:10:59	GMT	75	47.0400	XLON	656915927467707
17/11/2022	16:12:11	GMT	142	47.0100	XLON	656915927468012
17/11/2022	16:14:54	GMT	179	47.0000	XLON	656915927468838
17/11/2022	16:17:39	GMT	8	47.0100	XLON	656915927470112
17/11/2022	16:17:46	GMT	50	47.0100	XLON	656915927470144
17/11/2022	16:17:50	GMT	115	47.0100	XLON	656915927470162
17/11/2022	16:19:55	GMT	128	47.0200	XLON	656915927470748
17/11/2022	16:20:59	GMT	4	46.9800	XLON	656915927471103
17/11/2022	16:20:59	GMT	135	46.9800	XLON	656915927471102
17/11/2022	16:22:50	GMT	50	46.9900	XLON	656915927471601
17/11/2022	16:23:10	GMT	88	47.0000	XLON	656915927471711
17/11/2022	16:25:00	GMT	116	46.9800	XLON	656915927472149
17/11/2022	16:26:07	GMT	89	47.0000	XLON	656915927472621
17/11/2022	16:28:05	GMT	14	47.0200	XLON	656915927473249
17/11/2022	16:28:13	GMT	50	47.0200	XLON	656915927473301
17/11/2022	16:28:13	GMT	102	47.0200	XLON	656915927473302
17/11/2022	16:29:23	GMT	37	47.0000	XLON	656915927473664
17/11/2022	16:29:28	GMT	46	47.0000	XLON	656915927473685
17/11/2022	16:29:33	GMT	1	47.0000	XLON	656915927473733
17/11/2022	16:29:33	GMT	1	47.0000	XLON	656915927473734
17/11/2022	16:29:33	GMT	36	47.0000	XLON	656915927473735

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 source version on accesswire.com:
https://www.accesswire.com/726818/InterContinental-Hotels-Group-PLC-Announces-Transaction-in-Own-Shares-Nov-18

FAQ

What shares did IHG purchase on November 17, 2022?

On November 17, 2022, IHG purchased 20,000 ordinary shares at an average price of £46.9566.

Why did IHG buy back its shares?

IHG's share buyback was authorized by shareholders to potentially increase shareholder value and reflect confidence in the company's prospects.

How many shares are outstanding after IHG's buyback?

After the buyback, IHG has 175,486,955 ordinary shares outstanding, excluding treasury shares.

Who facilitated the share purchase for IHG?

Goldman Sachs International (GSI) facilitated the share purchase for IHG.