InterContinental Hotels Group PLC Announces Transaction in Own Shares - July 26

Rhea-AI Summary

InterContinental Hotels Group PLC announces the purchase of its own shares. On July 25, 2023, the company purchased 144,418 ordinary shares at prices ranging from £55.2000 to £56.0400 per share. The average price paid per share was £55.8386. The purchased shares will be canceled. After the transaction, the company has 167,822,398 ordinary shares in issue.

Positive

• InterContinental Hotels Group PLC purchased 144,418 of its own shares.
• The average price paid per share was £55.8386.
• The company intends to cancel the purchased shares.
• Following the transaction, the company has 167,822,398 ordinary shares in issue.

Negative

• None.

Purchase of own shares

LONDON, UK / ACCESSWIRE / July 26, 2023 / The Company announces that on 25 July 2023 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 5 May 2023 (the "Purchase"). The Purchase was effected pursuant to instructions issued by the Company on 21 February 2023, as announced on 21 February 2023.

Date of purchase:	25 July 2023
Aggregate number of ordinary shares purchased:	144,418
Lowest price paid per share:	£ 55.2000
Highest price paid per share:	£ 56.0400
Average price paid per share:	£ 55.8386

The Company intends to cancel the purchased shares.

Following the above transaction, the Company has 167,822,398 ordinary shares in issue (excluding 7,506,782 held in treasury).

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

http://www.rns-pdf.londonstockexchange.com/rns/1760H_1-2023-7-25.pdf

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: 144,418 (ISIN: GB00BHJYC057)

Date of purchases: 25 July 2023

Investment firm: GSI

Aggregated information:

	London Stock Exchange	Cboe BXE	Cboe CXE	Turquoise
Number of ordinary shares purchased	78,889	35,581	19,948	10,000
Highest price paid (per ordinary share)	£ 56.0400	£ 56.0200	£ 56.0200	£ 56.0200
Lowest price paid (per ordinary share)	£ 55.2200	£ 55.2000	£ 55.3200	£ 55.2600
Volume weighted average price paid(per ordinary share)	£ 55.8495	£ 55.8341	£ 55.7961	£ 55.8539

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/770352/InterContinental-Hotels-Group-PLC-Announces-Transaction-in-Own-Shares--July-26

FAQ

What did InterContinental Hotels Group PLC announce?

InterContinental Hotels Group PLC announced the purchase of its own shares.

How many shares did the company purchase?

The company purchased 144,418 ordinary shares.

What was the average price paid per share?

The average price paid per share was £55.8386.

What will happen to the purchased shares?

The company intends to cancel the purchased shares.

How many ordinary shares does the company have after the transaction?

After the transaction, the company has 167,822,398 ordinary shares in issue.