InterContinental Hotels Group PLC Announces Transaction in Own Shares - June 13
On June 13, 2024, InterContinental Hotels Group (IHG) announced the repurchase of 27,287 ordinary shares at an average price of £81.1077 per share. The transaction, conducted through Goldman Sachs International, took place on the London Stock Exchange on June 12, 2024, under authority granted by shareholders at the AGM on May 3, 2024. The highest price paid per share was £82.0600, and the lowest was £80.1000. The company plans to cancel the repurchased shares, reducing its total number of ordinary shares to 161,781,550, excluding 7,006,782 held in treasury.
- Repurchase of 27,287 shares at an average price of £81.1077 enhances shareholder value.
- Reduction in the number of shares outstanding to 161,781,550, excluding treasury shares, may increase EPS.
- Share buyback funded through Goldman Sachs International indicates strong financial partnerships.
- The highest price paid for the repurchase was £82.0600, indicating potential market overvaluation.
- Share repurchase might raise concerns about the company’s investment opportunities and future growth prospects.
- The repurchase did not significantly affect the number of shares held in treasury (7,006,782).
LONDON, UK / ACCESSWIRE / June 13, 2024 / The Company announces that on 12 June 2024 it purchased the following number of its ordinary shares of 20340/399 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 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: | 12 June 2024 |
Aggregate number of ordinary shares purchased: | 27,287 |
Lowest price paid per share: | £ 80.1000 |
Highest price paid per share: | £ 82.0600 |
Average price paid per share: | £ 81.1077 |
The Company intends to cancel the purchased shares.
Following the above transaction, the Company has 161,781,550 ordinary shares in issue (excluding 7,006,782 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: Mike Ward (+44 (0)7795 257 407)
Schedule of Purchases
Shares purchased: 27,287 (ISIN: GB00BHJYC057)
Date of purchases: 12 June 2024
Investment firm: GSI
Aggregated information:
London Stock Exchange | Cboe BXE | Cboe CXE | Turquoise | |
Number of ordinary shares purchased | 27,287 | |||
Highest price paid (per ordinary share) | £ 82.0600 | |||
Lowest price paid (per ordinary share) | £ 80.1000 | |||
Volume weighted average price paid(per ordinary share) | £ 81.1077 |
Detailed information:
Transaction Date | Time | Time Zone | Volume | Price (GBP) | Trading Venue | Transaction ID |
12/06/2024 | 10:16:35 | BST | 52 | 80.2600 | XLON | 1011276499134588 |
12/06/2024 | 10:18:32 | BST | 52 | 80.2400 | XLON | 1011276499134700 |
12/06/2024 | 10:19:28 | BST | 52 | 80.2800 | XLON | 1011276499134787 |
12/06/2024 | 10:21:24 | BST | 30 | 80.3400 | XLON | 1011276499135228 |
12/06/2024 | 10:21:24 | BST | 22 | 80.3400 | XLON | 1011276499135229 |
12/06/2024 | 10:22:38 | BST | 52 | 80.3600 | XLON | 1011276499135377 |
12/06/2024 | 10:22:58 | BST | 52 | 80.3400 | XLON | 1011276499135391 |
12/06/2024 | 10:22:58 | BST | 7 | 80.3200 | XLON | 1011276499135393 |
12/06/2024 | 10:22:58 | BST | 45 | 80.3200 | XLON | 1011276499135394 |
12/06/2024 | 10:23:22 | BST | 36 | 80.3000 | XLON | 1011276499135478 |
12/06/2024 | 10:24:21 | BST | 44 | 80.4000 | XLON | 1011276499135578 |
12/06/2024 | 10:24:21 | BST | 44 | 80.3800 | XLON | 1011276499135580 |
12/06/2024 | 10:25:00 | BST | 44 | 80.3600 | XLON | 1011276499135590 |
12/06/2024 | 10:25:22 | BST | 46 | 80.3400 | XLON | 1011276499135622 |
12/06/2024 | 10:25:54 | BST | 50 | 80.3200 | XLON | 1011276499135674 |
12/06/2024 | 10:27:55 | BST | 52 | 80.2800 | XLON | 1011276499135813 |
12/06/2024 | 10:29:22 | BST | 44 | 80.2400 | XLON | 1011276499135907 |
12/06/2024 | 10:30:23 | BST | 52 | 80.2000 | XLON | 1011276499135980 |
12/06/2024 | 10:34:15 | BST | 52 | 80.3400 | XLON | 1011276499136151 |
12/06/2024 | 10:41:18 | BST | 52 | 80.4600 | XLON | 1011276499136606 |
12/06/2024 | 10:42:55 | BST | 52 | 80.5000 | XLON | 1011276499136705 |
12/06/2024 | 10:44:51 | BST | 52 | 80.4800 | XLON | 1011276499136783 |
12/06/2024 | 10:46:08 | BST | 52 | 80.4600 | XLON | 1011276499136846 |
12/06/2024 | 10:48:11 | BST | 38 | 80.4400 | XLON | 1011276499136928 |
12/06/2024 | 10:49:51 | BST | 44 | 80.4800 | XLON | 1011276499137056 |
12/06/2024 | 10:50:34 | BST | 8 | 80.4800 | XLON | 1011276499137124 |
12/06/2024 | 10:54:54 | BST | 52 | 80.4600 | XLON | 1011276499137372 |
12/06/2024 | 10:54:56 | BST | 14 | 80.4400 | XLON | 1011276499137381 |
12/06/2024 | 10:55:16 | BST | 52 | 80.4200 | XLON | 1011276499137400 |
12/06/2024 | 10:55:26 | BST | 13 | 80.4400 | XLON | 1011276499137440 |
12/06/2024 | 10:57:37 | BST | 39 | 80.4400 | XLON | 1011276499137593 |
12/06/2024 | 10:58:11 | BST | 52 | 80.4200 | XLON | 1011276499137632 |
12/06/2024 | 10:59:20 | BST | 7 | 80.4800 | XLON | 1011276499137701 |
12/06/2024 | 10:59:20 | BST | 45 | 80.4800 | XLON | 1011276499137702 |
12/06/2024 | 10:59:20 | BST | 52 | 80.4600 | XLON | 1011276499137708 |
12/06/2024 | 11:00:00 | BST | 52 | 80.4400 |
{
"@context": "https://schema.org",
"@type": "FAQPage",
"name": "InterContinental Hotels Group PLC Announces Transaction in Own Shares - June 13 FAQs",
"mainEntity": [
{
"@type": "Question",
"name": "What was the average price per share paid by InterContinental Hotels Group in the June 12, 2024 repurchase?",
"acceptedAnswer": {
"@type": "Answer",
"text": "The average price per share paid was £81.1077."
}
},
{
"@type": "Question",
"name": "How many shares did InterContinental Hotels Group repurchase on June 12, 2024?",
"acceptedAnswer": {
"@type": "Answer",
"text": "InterContinental Hotels Group repurchased 27,287 ordinary shares."
}
},
{
"@type": "Question",
"name": "What was the highest price paid per share in the recent IHG share repurchase?",
"acceptedAnswer": {
"@type": "Answer",
"text": "The highest price paid per share was £82.0600."
}
},
{
"@type": "Question",
"name": "What is the new total number of ordinary shares for InterContinental Hotels Group after the June 12, 2024 repurchase?",
"acceptedAnswer": {
"@type": "Answer",
"text": "The new total is 161,781,550 ordinary shares, excluding 7,006,782 held in treasury."
}
},
{
"@type": "Question",
"name": "Who conducted the repurchase of IHG shares on June 12, 2024?",
"acceptedAnswer": {
"@type": "Answer",
"text": "The repurchase was conducted through Goldman Sachs International."
}
}
]
}
|