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InterContinental Hotels Group PLC Announces Transaction in Own Shares - Apr 30

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InterContinental Hotels Group PLC announced the purchase of its own shares through Goldman Sachs International on the London Stock Exchange in accordance with shareholder approval. The Company bought 19,899 ordinary shares at an average price of £79.5592 per share, with the intention to cancel them. After the transaction, the Company has 162,962,749 ordinary shares in issue.

Il gruppo InterContinental Hotels Group PLC ha annunciato l'acquisto delle proprie azioni tramite Goldman Sachs International alla Borsa di Londra, conformemente all'approvazione degli azionisti. La società ha acquistato 19.899 azioni ordinarie ad un prezzo medio di 79,5592 sterline per azione, con l'intenzione di annullarle. Dopo la transazione, la società ha 162.962.749 azioni ordinarie emesse.
El grupo InterContinental Hotels Group PLC anunció la compra de sus propias acciones a través de Goldman Sachs International en la Bolsa de Londres, conforme a la aprobación de los accionistas. La compañía compró 19.899 acciones ordinarias a un precio promedio de 79.5592 libras por acción, con la intención de cancelarlas. Después de la transacción, la compañía cuenta con 162.962.749 acciones ordinarias en circulación.
인터컨티넨탈 호텔스 그룹 PLC는 주주의 승인에 따라 런던 증권거래소에서 골드만 삭스 인터내셔널을 통해 자사 주식을 매입하였다고 발표했습니다. 회사는 평균 가격 79.5592파운드로 19,899주의 보통주를 매입하여 취소할 예정입니다. 거래 후 회사는 발행된 보통주 162,962,749주를 보유하게 되었습니다.
Le groupe InterContinental Hotels Group PLC a annoncé l'achat de ses propres actions via Goldman Sachs International à la Bourse de Londres, conformément à l'approbation des actionnaires. La société a acquis 19 899 actions ordinaires à un prix moyen de 79,5592 livres par action, avec l'intention de les annuler. Après la transaction, la société compte 162 962 749 actions ordinaires en circulation.
Die InterContinental Hotels Group PLC gab bekannt, dass sie eigene Aktien über Goldman Sachs International an der Londoner Börse gemäß der Genehmigung der Aktionäre erworben hat. Das Unternehmen kaufte 19.899 Stammaktien zu einem Durchschnittspreis von 79,5592 Pfund pro Aktie mit der Absicht, diese zu stornieren. Nach der Transaktion hat das Unternehmen 162.962.749 Stammaktien ausgegeben.
Positive

  • The Company's buyback of its own shares demonstrates confidence in its financial stability.

  • The cancellation of purchased shares can improve earnings per share metrics for existing shareholders.

Negative

  • The need for share buybacks may signal that the Company lacks better investment opportunities.

  • Share buybacks may indicate that the Company's growth prospects are

Purchase of own shares

LONDON, UK / ACCESSWIRE / April 30, 2024 / The Company announces that on 29 April 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 5 May 2023 (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:29 April 2024
Aggregate number of ordinary shares purchased:19,899
Lowest price paid per share:£ 78.9800
Highest price paid per share:£ 80.2400
Average price paid per share:£ 79.5592

The Company intends to cancel the purchased shares.

Following the above transaction, the Company has 162,962,749 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: 19,899 (ISIN: GB00BHJYC057)

Date of purchases: 29 April 2024

Investment firm: GSI

Aggregated information:

London Stock Exchange

Cboe BXE

Cboe CXE

Turquoise

Number of ordinary shares purchased

19,899

Highest price paid (per ordinary share)

£ 80.2400

Lowest price paid (per ordinary share)

£ 78.9800

Volume weighted average price paid(per ordinary share)

£ 79.5592

Detailed information:

Transaction Date

Time

Time Zone

Volume

Price (GBP)

Trading Venue

Transaction ID

29/04/2024

08:40:50

BST

116

79.9800

XLON

984063586342137

29/04/2024

08:53:41

BST

23

79.9400

XLON

984063586343160

29/04/2024

08:53:41

BST

51

79.9400

XLON

984063586343161

29/04/2024

08:58:19

BST

102

79.9800

XLON

984063586343560

29/04/2024

08:59:52

BST

75

80.0000

XLON

984063586343674

29/04/2024

09:02:11

BST

172

79.9600

XLON

984063586344375

29/04/2024

09:08:14

BST

146

80.0000

XLON

984063586344754

29/04/2024

09:09:48

BST

18

79.9800

XLON

984063586345049

29/04/2024

09:09:48

BST

155

79.9800

XLON

984063586345048

29/04/2024

09:30:17

BST

59

79.9800

XLON

984063586346798

29/04/2024

09:39:13

BST

157

79.9800

XLON

984063586347827

29/04/2024

09:39:38

BST

89

80.0400

XLON

984063586347899

29/04/2024

09:41:12

BST

159

80.1600

XLON

984063586348077

29/04/2024

09:41:47

BST

152

80.1200

XLON

984063586348111

29/04/2024

09:48:17

BST

42

80.1400

XLON

984063586348773

29/04/2024

09:53:49

BST

45

80.1600

XLON

984063586349464

29/04/2024

09:53:49

BST

103

80.1600

XLON

984063586349461

29/04/2024

09:55:13

BST

44

80.2400

XLON

984063586349564

29/04/2024

09:59:07

BST

6

80.1400

XLON

984063586349828

29/04/2024

09:59:07

BST

41

80.1400

XLON

984063586349829

29/04/2024

10:27:56

BST

77

80.0400

XLON

984063586351616

29/04/2024

10:53:02

BST

23

79.8200

XLON

984063586353161

29/04/2024

10:53:02

BST

38

79.8400

XLON

984063586353162

29/04/2024

10:54:10

BST

86

79.7800

XLON

984063586353318

29/04/2024

11:01:45

BST

1

79.8800

XLON

984063586353920

29/04/2024

11:01:45

BST

46

79.8800

XLON

984063586353917

29/04/2024

11:01:45

BST

80

79.8800

XLON

984063586353919

29/04/2024

11:01:45

BST

193

79.9000

XLON

984063586353915

29/04/2024

11:04:13

BST

94

79.9000

XLON

984063586354114

29/04/2024

11:04:13

BST

96

79.9000

XLON

984063586354116

29/04/2024

11:05:26

BST

56

79.9200

XLON

984063586354222

29/04/2024

11:05:45

BST

24

79.9200

XLON

984063586354236

29/04/2024

11:05:45

BST

37

79.9200

XLON

984063586354235

29/04/2024

11:14:11

BST

55

79.9000

XLON

984063586354728

29/04/2024

12:05:46

BST

24

79.9000

XLON

984063586356858

29/04/2024

12:05:46

BST

30

79.9000

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FAQ

What did InterContinental Hotels Group PLC announce on April 30, 2024?

InterContinental Hotels Group PLC announced the purchase of its own shares through Goldman Sachs International on the London Stock Exchange.

How many ordinary shares did the Company purchase?

The Company purchased 19,899 ordinary shares.

What was the average price paid per share?

The average price paid per share was £79.5592.

What is the total number of ordinary shares the Company has after the transaction?

After the transaction, the Company has 162,962,749 ordinary shares in issue.

Who facilitated the share purchase for InterContinental Hotels Group PLC?

Goldman Sachs International facilitated the share purchase for the Company.

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InterContinental Hotels Group Plc

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