InterContinental Hotels Group PLC Announces Transaction in Own Shares - Apr 30
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.
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.
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 |
{
"@context": "https://schema.org",
"@type": "FAQPage",
"name": "InterContinental Hotels Group PLC Announces Transaction in Own Shares - Apr 30 FAQs",
"mainEntity": [
{
"@type": "Question",
"name": "What did InterContinental Hotels Group PLC announce on April 30, 2024?",
"acceptedAnswer": {
"@type": "Answer",
"text": "InterContinental Hotels Group PLC announced the purchase of its own shares through Goldman Sachs International on the London Stock Exchange."
}
},
{
"@type": "Question",
"name": "How many ordinary shares did the Company purchase?",
"acceptedAnswer": {
"@type": "Answer",
"text": "The Company purchased 19,899 ordinary shares."
}
},
{
"@type": "Question",
"name": "What was the average price paid per share?",
"acceptedAnswer": {
"@type": "Answer",
"text": "The average price paid per share was £79.5592."
}
},
{
"@type": "Question",
"name": "What is the total number of ordinary shares the Company has after the transaction?",
"acceptedAnswer": {
"@type": "Answer",
"text": "After the transaction, the Company has 162,962,749 ordinary shares in issue."
}
},
{
"@type": "Question",
"name": "Who facilitated the share purchase for InterContinental Hotels Group PLC?",
"acceptedAnswer": {
"@type": "Answer",
"text": "Goldman Sachs International facilitated the share purchase for the Company."
}
}
]
}
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.
InterContinental Hotels Group Plc
NYSE:IHGIHG RankingsIHG Latest NewsIHG Stock Data |