InterContinental Hotels Group PLC Announces Transaction in Own Shares - Jan 31

Rhea-AI Summary

InterContinental Hotels Group PLC announced the purchase of 11,976 ordinary shares at an average price of £56.3491 on January 30, 2023, through Goldman Sachs International. This transaction was authorized by shareholders at the AGM on May 6, 2022. The shares will be canceled post-purchase, reducing the total number of ordinary shares in circulation to 175,399,858, excluding treasury shares. The highest price paid was £56.5800, and the lowest was £56.0400. This share buyback reflects the company's commitment to returning capital to shareholders.

Positive

• Share buyback reinforces company’s commitment to shareholder value.
• Cancellation of purchased shares will reduce total shares in circulation, potentially increasing earnings per share.

Negative

• None.

Purchase of own shares

LONDON, UK / ACCESSWIRE / January 31, 2023 / InterContinental Hotels Group PLC (the Company) The Company announces that on 30 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:	30 January 2023
Aggregate number of ordinary shares purchased:	11,976
Lowest price paid per share:	£ 56.0400
Highest price paid per share:	£ 56.5800
Average price paid per share:	£ 56.3491

The Company intends to cancel the purchased shares.

Following the above transaction, the Company has 175,399,858 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: 11,976 (ISIN: GB00BHJYC057)

Date of purchases: 30 January 2023

Investment firm: GSI

Aggregated information:

	London Stock Exchange	Cboe BXE	Cboe CXE	Turquoise
Number of ordinary shares purchased	11,976
Highest price paid (per ordinary share)	£ 56.5800
Lowest price paid (per ordinary share)	£ 56.0400
Volume weighted average price paid(per ordinary share)	£ 56.3491

Detailed information:

Transaction Date	Time	Time Zone	Volume	Price (GBP)	Trading Venue	Transaction ID
30/01/2023	08:16:58	GMT	147	56.1800	XLON	702683098911116
30/01/2023	08:17:58	GMT	30	56.1600	XLON	702683098911260
30/01/2023	08:18:06	GMT	117	56.1600	XLON	702683098911290
30/01/2023	08:20:07	GMT	76	56.1200	XLON	702683098911495
30/01/2023	08:30:14	GMT	2	56.0400	XLON	702683098912695
30/01/2023	08:32:19	GMT	105	56.1800	XLON	702683098913097
30/01/2023	08:34:58	GMT	70	56.2800	XLON	702683098913364
30/01/2023	08:39:31	GMT	135	56.3800	XLON	702683098913847
30/01/2023	08:44:08	GMT	87	56.4000	XLON	702683098914356
30/01/2023	08:45:25	GMT	18	56.3800	XLON	702683098914616
30/01/2023	08:53:33	GMT	106	56.3600	XLON	702683098915393
30/01/2023	08:55:02	GMT	95	56.3400	XLON	702683098915481
30/01/2023	09:01:20	GMT	85	56.3000	XLON	702683098916067
30/01/2023	09:05:17	GMT	12	56.3000	XLON	702683098916436
30/01/2023	09:05:17	GMT	59	56.3000	XLON	702683098916435
30/01/2023	09:12:27	GMT	11	56.3600	XLON	702683098916997
30/01/2023	09:12:27	GMT	125	56.3600	XLON	702683098916996
30/01/2023	09:27:02	GMT	229	56.4400	XLON	702683098918272
30/01/2023	09:31:26	GMT	83	56.3200	XLON	702683098918765
30/01/2023	09:37:45	GMT	65	56.3400	XLON	702683098919382
30/01/2023	09:46:32	GMT	80	56.4200	XLON	702683098919835
30/01/2023	09:50:24	GMT	108	56.3800	XLON	702683098920220
30/01/2023	10:00:00	GMT	90	56.3400	XLON	702683098920772
30/01/2023	10:02:36	GMT	117	56.3200	XLON	702683098921049
30/01/2023	10:11:10	GMT	71	56.2600	XLON	702683098921737
30/01/2023	10:17:57	GMT	143	56.2600	XLON	702683098922344
30/01/2023	10:26:29	GMT	70	56.2400	XLON	702683098923143
30/01/2023	10:32:23	GMT	100	56.2200	XLON	702683098923478
30/01/2023	10:38:02	GMT	66	56.1800	XLON	702683098923861
30/01/2023	10:46:20	GMT	78	56.2200	XLON	702683098924506
30/01/2023	10:52:22	GMT	72	56.2600	XLON	702683098924890
30/01/2023	10:56:32	GMT	62	56.2400	XLON	702683098925173
30/01/2023	11:03:14	GMT	10	56.2000	XLON	702683098925727
30/01/2023	11:03:14	GMT	24	56.2000	XLON	702683098925729
30/01/2023	11:03:14	GMT	39	56.2000	XLON	702683098925728
30/01/2023	11:12:38	GMT	142	56.1600	XLON	702683098926272
30/01/2023	11:25:18	GMT	19	56.1600	XLON	702683098927064
30/01/2023	11:25:18	GMT	74	56.1600	XLON	702683098927060
30/01/2023	11:25:18	GMT	80	56.1600	XLON	702683098927063
30/01/2023	11:40:00	GMT	162	56.1000	XLON	702683098927907
30/01/2023	11:43:59	GMT	85	56.1000	XLON	702683098928127
30/01/2023	11:47:48	GMT	17	56.1200	XLON	702683098928383
30/01/2023	11:47:48	GMT	56	56.1200	XLON	702683098928382
30/01/2023	11:53:11	GMT	63	56.1600	XLON	702683098928778
30/01/2023	11:56:36	GMT	70	56.1800	XLON	702683098928956
30/01/2023	12:03:02	GMT	86	56.2200	XLON	702683098929285
30/01/2023	12:09:51	GMT	220	56.2200	XLON	702683098929686
30/01/2023	12:17:52	GMT	114	56.2800	XLON	702683098930109
30/01/2023	12:20:52	GMT	151	56.2800	XLON	702683098930242
30/01/2023	12:45:02	GMT	146	56.3200	XLON	702683098931331
30/01/2023	13:06:19	GMT	80	56.3000	XLON	702683098932298
30/01/2023	13:11:16	GMT	65	56.3400	XLON	702683098932605
30/01/2023	13:19:36	GMT	64	56.3400	XLON	702683098933114
30/01/2023	13:22:29	GMT	64	56.3200	XLON	702683098933289
30/01/2023	13:30:05	GMT	97	56.3200	XLON	702683098933766
30/01/2023	13:37:35	GMT	153	56.3000	XLON	702683098934264
30/01/2023	13:39:33	GMT	65	56.3000	XLON	702683098934374
30/01/2023	13:45:33	GMT	82	56.3200	XLON	702683098934749
30/01/2023	13:45:34	GMT	34	56.3200	XLON	702683098934751
30/01/2023	13:54:33	GMT	126	56.3000	XLON	702683098935332
30/01/2023	13:59:23	GMT	13	56.3000	XLON	702683098935610
30/01/2023	13:59:23	GMT	224	56.3000	XLON	702683098935611
30/01/2023	14:06:56	GMT	181	56.3000	XLON	702683098936090
30/01/2023	14:09:56	GMT	70	56.2600	XLON	702683098936209
30/01/2023	14:15:32	GMT	66	56.2600	XLON	702683098936600
30/01/2023	14:17:16	GMT	25	56.2600	XLON	702683098936824
30/01/2023	14:17:32	GMT	41	56.2600	XLON	702683098936879
30/01/2023	14:26:04	GMT	32	56.2400	XLON	702683098937583
30/01/2023	14:26:04	GMT	160	56.2400	XLON	702683098937582
30/01/2023	14:28:38	GMT	83	56.2400	XLON	702683098937854
30/01/2023	14:32:29	GMT	70	56.3200	XLON	702683098939239
30/01/2023	14:32:29	GMT	142	56.3200	XLON	702683098939234
30/01/2023	14:34:15	GMT	25	56.3000	XLON	702683098939706
30/01/2023	14:34:25	GMT	49	56.3000	XLON	702683098939755
30/01/2023	14:36:12	GMT	44	56.3400	XLON	702683098940139
30/01/2023	14:36:12	GMT	91	56.3400	XLON	702683098940140
30/01/2023	14:39:34	GMT	212	56.3400	XLON	702683098940701
30/01/2023	14:43:34	GMT	145	56.3400	XLON	702683098941416
30/01/2023	14:44:06	GMT	64	56.3200	XLON	702683098941499
30/01/2023	14:47:14	GMT	160	56.3800	XLON	702683098942044
30/01/2023	14:48:42	GMT	85	56.4000	XLON	702683098942430
30/01/2023	14:49:35	GMT	63	56.4000	XLON	702683098942551
30/01/2023	14:50:59	GMT	83	56.3800	XLON	702683098942800
30/01/2023	14:52:51	GMT	68	56.4400	XLON	702683098943159
30/01/2023	14:54:12	GMT	104	56.4000	XLON	702683098943439
30/01/2023	14:59:09	GMT	57	56.4200	XLON	702683098944378
30/01/2023	14:59:09	GMT	58	56.4200	XLON	702683098944377
30/01/2023	14:59:09	GMT	155	56.4200	XLON	702683098944374
30/01/2023	15:00:33	GMT	110	56.4000	XLON	702683098944604
30/01/2023	15:08:04	GMT	59	56.5600	XLON	702683098946109
30/01/2023	15:08:11	GMT	293	56.5400	XLON	702683098946125
30/01/2023	15:11:40	GMT	33	56.5200	XLON	702683098946702
30/01/2023	15:11:40	GMT	61	56.5200	XLON	702683098946701
30/01/2023	15:11:40	GMT	128	56.5200	XLON	702683098946693
30/01/2023	15:13:04	GMT	65	56.5200	XLON	702683098946935
30/01/2023	15:13:58	GMT	81	56.5200	XLON	702683098947043
30/01/2023	15:15:39	GMT	127	56.5200	XLON	702683098947420
30/01/2023	15:19:14	GMT	70	56.4600	XLON	702683098947926
30/01/2023	15:19:14	GMT	111	56.4600	XLON	702683098947923
30/01/2023	15:21:06	GMT	83	56.4600	XLON	702683098948204
30/01/2023	15:23:13	GMT	69	56.4200	XLON	702683098948504
30/01/2023	15:25:49	GMT	124	56.3800	XLON	702683098948905
30/01/2023	15:27:18	GMT	66	56.3400	XLON	702683098949084
30/01/2023	15:30:04	GMT	97	56.4000	XLON	702683098949479
30/01/2023	15:34:35	GMT	70	56.3800	XLON	702683098950101
30/01/2023	15:34:35	GMT	80	56.3800	XLON	702683098950089
30/01/2023	15:37:14	GMT	143	56.3600	XLON	702683098950534
30/01/2023	15:42:09	GMT	14	56.3200	XLON	702683098951071
30/01/2023	15:42:09	GMT	18	56.3200	XLON	702683098951072
30/01/2023	15:42:09	GMT	126	56.3200	XLON	702683098951073
30/01/2023	15:43:20	GMT	33	56.3000	XLON	702683098951231
30/01/2023	15:43:20	GMT	43	56.3000	XLON	702683098951230
30/01/2023	15:47:19	GMT	152	56.3200	XLON	702683098951701
30/01/2023	15:50:22	GMT	148	56.3400	XLON	702683098952136
30/01/2023	15:53:41	GMT	114	56.3600	XLON	702683098952589
30/01/2023	15:54:03	GMT	81	56.3600	XLON	702683098952644
30/01/2023	15:57:02	GMT	67	56.3800	XLON	702683098952969
30/01/2023	16:02:19	GMT	9	56.4400	XLON	702683098953748
30/01/2023	16:02:19	GMT	17	56.4400	XLON	702683098953749
30/01/2023	16:02:19	GMT	36	56.4400	XLON	702683098953750
30/01/2023	16:03:26	GMT	299	56.4200	XLON	702683098953921
30/01/2023	16:09:18	GMT	188	56.4400	XLON	702683098954947
30/01/2023	16:13:13	GMT	3	56.5200	XLON	702683098955927
30/01/2023	16:13:13	GMT	59	56.5200	XLON	702683098955926
30/01/2023	16:14:28	GMT	5	56.5000	XLON	702683098956189
30/01/2023	16:14:28	GMT	20	56.5000	XLON	702683098956191
30/01/2023	16:14:28	GMT	37	56.5000	XLON	702683098956190
30/01/2023	16:14:54	GMT	39	56.4800	XLON	702683098956286
30/01/2023	16:18:46	GMT	8	56.5200	XLON	702683098957019
30/01/2023	16:18:46	GMT	8	56.5200	XLON	702683098957020
30/01/2023	16:18:46	GMT	59	56.5200	XLON	702683098957018
30/01/2023	16:18:46	GMT	65	56.5200	XLON	702683098957021
30/01/2023	16:18:46	GMT	234	56.5200	XLON	702683098957012
30/01/2023	16:19:45	GMT	1	56.5200	XLON	702683098957213
30/01/2023	16:19:45	GMT	2	56.5200	XLON	702683098957211
30/01/2023	16:19:45	GMT	2	56.5200	XLON	702683098957212
30/01/2023	16:19:48	GMT	66	56.5200	XLON	702683098957234
30/01/2023	16:19:48	GMT	77	56.5200	XLON	702683098957227
30/01/2023	16:23:25	GMT	80	56.5600	XLON	702683098958119
30/01/2023	16:25:20	GMT	26	56.5600	XLON	702683098958827
30/01/2023	16:25:40	GMT	40	56.5600	XLON	702683098958944
30/01/2023	16:25:43	GMT	47	56.5600	XLON	702683098958960
30/01/2023	16:29:01	GMT	211	56.5800	XLON	702683098959749

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/737350/InterContinental-Hotels-Group-PLC-Announces-Transaction-in-Own-Shares--Jan-31

FAQ

What was the average price of the shares bought by InterContinental Hotels Group?

The average price paid per share was £56.3491.

How many shares did InterContinental Hotels Group purchase on January 30, 2023?

The company purchased 11,976 ordinary shares.

What is the total number of ordinary shares in issue after the share buyback?

Following the buyback, there are 175,399,858 ordinary shares in issue.

When did InterContinental Hotels Group announce the share buyback?

The announcement was made on January 31, 2023.

Who managed the share buyback transaction for InterContinental Hotels Group?

Goldman Sachs International managed the share buyback transaction.