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InterContinental Hotels Group PLC Announces Transaction in Own Shares - October 25

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InterContinental Hotels Group (IHG) has announced a share buyback transaction conducted on October 24, 2024, through Goldman Sachs International on the London Stock Exchange. The company purchased 40,000 ordinary shares at prices ranging from £83.92 to £85.52 per share, with an average price of £84.5067.

The purchase was executed under shareholder authority granted at the Annual General Meeting on May 3, 2024, following instructions issued on February 20, 2024. IHG intends to cancel these purchased shares. Following this transaction, the company has 159,019,444 ordinary shares in issue, excluding 6,956,782 shares held in treasury.

InterContinental Hotels Group (IHG) ha annunciato un'operazione di riacquisto di azioni effettuata il 24 ottobre 2024, attraverso Goldman Sachs International alla Borsa di Londra. L'azienda ha acquistato 40.000 azioni ordinarie a prezzi che vanno da £83,92 a £85,52 per azione, con un prezzo medio di £84,5067.

L'acquisto è stato eseguito sotto l'autorizzazione degli azionisti concessa nell'Assemblea Generale Annuale del 3 maggio 2024, seguendo le istruzioni emesse il 20 febbraio 2024. IHG intende annullare queste azioni acquistate. A seguito di questa operazione, l'azienda ha in circolazione 159.019.444 azioni ordinarie, escludendo 6.956.782 azioni detenute in tesoreria.

InterContinental Hotels Group (IHG) ha anunciado una operación de recompra de acciones realizada el 24 de octubre de 2024, a través de Goldman Sachs International en la Bolsa de Londres. La empresa compró 40,000 acciones ordinarias a precios que oscilan entre £83.92 y £85.52 por acción, con un precio medio de £84.5067.

La compra se ejecutó bajo la autoridad de los accionistas otorgada en la Junta General Anual del 3 de mayo de 2024, siguiendo las instrucciones emitidas el 20 de febrero de 2024. IHG tiene la intención de cancelar estas acciones compradas. Tras esta transacción, la empresa tiene en circulación 159,019,444 acciones ordinarias, excluyendo 6,956,782 acciones mantenidas en tesorería.

인터컨티넨탈 호텔 그룹 (IHG)는 2024년 10월 24일에 런던 증권 거래소에서 골드만 삭스를 통해 진행된 주식 매입 거래를 발표했습니다. 이 회사는 40,000주 보통주를 주당 가격 £83.92에서 £85.52 사이로 매입하였으며, 평균 가격은 £84.5067입니다.

매입은 2024년 5월 3일의 연례 주주 총회에서 부여된 권한 하에 실행되었으며, 2024년 2월 20일에 발행된 지침을 따랐습니다. IHG는 이 매입한 주식을 취소할 계획입니다. 이번 거래 후, 회사는 6,956,782주를 제외하고 159,019,444주의 보통주를 발행하고 있습니다.

InterContinental Hotels Group (IHG) a annoncé une opération de rachat d'actions réalisée le 24 octobre 2024, par l'intermédiaire de Goldman Sachs International sur la Bourse de Londres. L'entreprise a acheté 40 000 actions ordinaires à des prix variant de £83,92 à £85,52 par action, avec un prix moyen de £84,5067.

Ce rachat a été exécuté sous l'autorisation des actionnaires donnée lors de l'Assemblée Générale Annuelle du 3 mai 2024, conformément aux instructions émises le 20 février 2024. IHG prévoit d'annuler ces actions rachetées. Suite à cette transaction, l'entreprise compte 159 019 444 actions ordinaires en circulation, hors 6 956 782 actions détenues en trésorerie.

InterContinental Hotels Group (IHG) hat eine Aktienrückkauftransaktion bekannt gegeben, die am 24. Oktober 2024 über Goldman Sachs International an der Londoner Börse durchgeführt wurde. Das Unternehmen hat 40.000 Stammaktien zu Preisen zwischen £83,92 und £85,52 pro Aktie erworben, mit einem Durchschnittspreis von £84,5067.

Der Kauf wurde unter der von den Aktionären auf der Hauptversammlung am 3. Mai 2024 erteilten Ermächtigung durchgeführt, gemäß den am 20. Februar 2024 erteilten Anweisungen. IHG beabsichtigt, diese gekauften Aktien einzuziehen. Nach dieser Transaktion hat das Unternehmen 159.019.444 Stammaktien im Umlauf, exklusive 6.956.782 gehaltenen Schatzaktien.

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Purchase of own shares

LONDON, UK / ACCESSWIRE / October 25, 2024 / The Company announces that on 24 October 2024 it purchased the following number of its ordinary shares of 20340/399pence 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:

24 October 2024


Aggregate number of ordinary shares purchased:


40,000


Lowest price paid per share:


£ 83.9200


Highest price paid per share:


£ 85.5200


Average price paid per share:


£ 84.5067

The Company intends to cancel the purchased shares.

Following the above transaction, the Company has 159,019,444 ordinary shares in issue (excluding 6,956,782 held in treasury).

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

http://www.rns-pdf.londonstockexchange.com/rns/5516J_1-2024-10-24.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: 40,000 (ISIN: GB00BHJYC057)

Date of purchases: 24 October 2024

Investment firm: GSI

Aggregated information:

London Stock Exchange

Cboe BXE

Cboe CXE

Turquoise

Number of ordinary shares purchased

40,000

Highest price paid (per ordinary share)

£ 85.5200

Lowest price paid (per ordinary share)

£ 83.9200

Volume weighted average price paid(per ordinary share)

£ 84.5067

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 on October 24, 2024?

IHG purchased 40,000 ordinary shares on October 24, 2024.

What was the average price paid per share in IHG's October 24 buyback?

The volume weighted average price paid per share was £84.5067.

What is IHG's total number of ordinary shares after the October 24 purchase?

After the transaction, IHG has 159,019,444 ordinary shares in issue, excluding 6,956,782 shares held in treasury.

What does IHG plan to do with the shares purchased on October 24, 2024?

IHG intends to cancel the purchased shares.

Which investment firm executed IHG's share purchase on October 24?

Goldman Sachs International (GSI) executed the share purchase on the London Stock Exchange.

InterContinental Hotels Group Plc

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