InterContinental Hotels Group PLC Announces Transaction in Own Shares - Jan 05

Rhea-AI Summary

On January 4, 2023, InterContinental Hotels Group (IHG) purchased 4,696 ordinary shares at an average price of £48.4350 per share through Goldman Sachs International. This transaction was authorized by shareholders during the Annual General Meeting on May 6, 2022. Following this purchase, IHG has 175,581,042 ordinary shares in issue, excluding 7,506,782 held in treasury. The company intends to cancel the purchased shares, further impacting its capital structure.

Positive

• Share buyback indicates confidence in the company's financial health.
• Cancellation of shares may enhance earnings per share (EPS) by reducing total shares outstanding.

Negative

• No significant negative factors reported.

LONDON, UK / ACCESSWIRE / January 5, 2023 / The Company announces that on 04 January 2023 it purchased the following number of its ordinary shares of 20^340/399pence 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 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:	04 January 2023
Aggregate number of ordinary shares purchased:	4,696
Lowest price paid per share:	£ 48.3100
Highest price paid per share:	£ 48.5000
Average price paid per share:	£ 48.4350

The Company intends to cancel the purchased shares.

Following the above transaction, the Company has 175,581,042 ordinary shares in issue (excluding 7,506,782 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: 4,696 (ISIN: GB00BHJYC057)
Date of purchases: 04 January 2023
Investment firm: GSI

Aggregated information:

	London Stock Exchange	Cboe BXE	Cboe CXE	Turquoise
Number of ordinary shares purchased	4,696
Highest price paid (per ordinary share)	£ 48.5000
Lowest price paid (per ordinary share)	£ 48.3100
Volume weighted average price paid(per ordinary share)	£ 48.4350

Detailed information:

Transaction Date	Time	Time Zone	Volume	Price (GBP)	Trading Venue	Transaction ID
04/01/2023	12:52:25	GMT	171	48.3500	XLON	686615626282960
04/01/2023	12:58:55	GMT	75	48.4000	XLON	686615626283479
04/01/2023	13:00:29	GMT	82	48.4100	XLON	686615626283599
04/01/2023	13:01:57	GMT	3	48.3800	XLON	686615626283715
04/01/2023	13:01:57	GMT	5	48.3800	XLON	686615626283717
04/01/2023	13:01:57	GMT	58	48.3800	XLON	686615626283716
04/01/2023	13:05:47	GMT	103	48.3700	XLON	686615626284083
04/01/2023	13:09:35	GMT	82	48.3900	XLON	686615626284383
04/01/2023	13:12:32	GMT	12	48.4400	XLON	686615626284566
04/01/2023	13:12:32	GMT	116	48.4400	XLON	686615626284567
04/01/2023	13:18:19	GMT	92	48.4200	XLON	686615626284960
04/01/2023	13:20:36	GMT	69	48.4300	XLON	686615626285180
04/01/2023	13:23:25	GMT	64	48.4600	XLON	686615626285491
04/01/2023	13:32:22	GMT	181	48.4800	XLON	686615626286222
04/01/2023	13:32:27	GMT	14	48.4600	XLON	686615626286252
04/01/2023	13:32:27	GMT	56	48.4600	XLON	686615626286251
04/01/2023	13:34:57	GMT	28	48.4900	XLON	686615626286594
04/01/2023	13:35:11	GMT	12	48.4900	XLON	686615626286633
04/01/2023	13:35:11	GMT	37	48.4900	XLON	686615626286625
04/01/2023	13:35:11	GMT	58	48.4900	XLON	686615626286632
04/01/2023	13:35:11	GMT	125	48.4900	XLON	686615626286624
04/01/2023	13:51:27	GMT	3	48.5000	XLON	686615626287950
04/01/2023	13:51:27	GMT	100	48.5000	XLON	686615626287951
04/01/2023	13:54:57	GMT	23	48.5000	XLON	686615626288240
04/01/2023	13:55:34	GMT	21	48.5000	XLON	686615626288286
04/01/2023	13:55:34	GMT	23	48.5000	XLON	686615626288294
04/01/2023	13:55:34	GMT	60	48.5000	XLON	686615626288287
04/01/2023	13:55:34	GMT	68	48.5000	XLON	686615626288293
04/01/2023	13:55:34	GMT	90	48.5000	XLON	686615626288292
04/01/2023	13:55:50	GMT	67	48.4800	XLON	686615626288314
04/01/2023	13:55:50	GMT	77	48.4800	XLON	686615626288312
04/01/2023	13:55:50	GMT	125	48.4800	XLON	686615626288313
04/01/2023	14:02:02	GMT	67	48.5000	XLON	686615626289028
04/01/2023	14:02:02	GMT	67	48.5000	XLON	686615626289029
04/01/2023	14:02:02	GMT	72	48.5000	XLON	686615626289030
04/01/2023	14:02:22	GMT	60	48.4900	XLON	686615626289063
04/01/2023	14:06:27	GMT	88	48.4200	XLON	686615626289438
04/01/2023	14:07:57	GMT	81	48.4100	XLON	686615626289587
04/01/2023	14:10:27	GMT	58	48.4200	XLON	686615626289824
04/01/2023	14:13:30	GMT	8	48.3800	XLON	686615626290045
04/01/2023	14:15:16	GMT	153	48.4100	XLON	686615626290236
04/01/2023	14:16:30	GMT	100	48.3900	XLON	686615626290395
04/01/2023	14:18:27	GMT	12	48.3800	XLON	686615626290641
04/01/2023	14:18:27	GMT	46	48.3800	XLON	686615626290642
04/01/2023	14:19:15	GMT	61	48.3800	XLON	686615626290703
04/01/2023	14:23:08	GMT	150	48.3500	XLON	686615626291027
04/01/2023	14:23:43	GMT	76	48.3200	XLON	686615626291136
04/01/2023	14:24:27	GMT	9	48.3100	XLON	686615626291218
04/01/2023	14:28:39	GMT	29	48.3700	XLON	686615626291907
04/01/2023	14:30:18	GMT	31	48.4300	XLON	686615626292491
04/01/2023	14:30:18	GMT	31	48.4300	XLON	686615626292492
04/01/2023	14:30:26	GMT	14	48.4300	XLON	686615626292524
04/01/2023	14:30:26	GMT	46	48.4300	XLON	686615626292523
04/01/2023	14:30:32	GMT	153	48.3900	XLON	686615626292563
04/01/2023	14:30:32	GMT	29	48.4100	XLON	686615626292557
04/01/2023	14:30:32	GMT	68	48.4100	XLON	686615626292555
04/01/2023	14:30:32	GMT	68	48.4100	XLON	686615626292556
04/01/2023	14:30:47	GMT	160	48.4100	XLON	686615626292700
04/01/2023	14:31:22	GMT	83	48.4300	XLON	686615626292996
04/01/2023	14:31:30	GMT	6	48.4000	XLON	686615626293039
04/01/2023	14:31:30	GMT	79	48.4000	XLON	686615626293040
04/01/2023	14:33:22	GMT	11	48.4100	XLON	686615626293560
04/01/2023	14:33:22	GMT	46	48.4100	XLON	686615626293559
04/01/2023	14:33:35	GMT	140	48.4000	XLON	686615626293596
04/01/2023	14:34:54	GMT	115	48.4700	XLON	686615626294004
04/01/2023	14:34:54	GMT	164	48.4700	XLON	686615626293995
04/01/2023	14:35:12	GMT	74	48.5000	XLON	686615626294168
04/01/2023	14:35:27	GMT	56	48.5000	XLON	686615626294274
04/01/2023	15:00:01	GMT	85	48.5000	XLON	686615626299230

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/734090/InterContinental-Hotels-Group-PLC-Announces-Transaction-in-Own-Shares--Jan-05

FAQ

What shares did IHG buy on January 4, 2023?

IHG purchased 4,696 ordinary shares at an average price of £48.4350 each.

What was the total number of shares IHG has after the buyback?

After the buyback, IHG has 175,581,042 ordinary shares in issue.

What is the purpose of IHG's share buyback?

The share buyback is intended to enhance shareholder value by canceling the purchased shares.

Which firm executed the share purchase for IHG?

The shares were purchased through Goldman Sachs International.

When was the IHG share buyback authorized?

The buyback was authorized at IHG's Annual General Meeting on May 6, 2022.