InterContinental Hotels Group PLC Announces Transaction in Own Shares - Jan 24

Rhea-AI Summary

On January 23, 2023, InterContinental Hotels Group acquired 8,984 of its ordinary shares at an average price of £56.3650 through Goldman Sachs International, as authorized by shareholders at the Annual General Meeting on May 6, 2022. The share purchase followed prior instructions issued on August 9, 2022. The lowest price paid per share was £56.1400, while the highest reached £56.6000. Subsequently, the company plans to cancel these purchased shares, leaving a total of 175,449,181 ordinary shares in circulation.

Positive

• Share buyback of 8,984 shares demonstrates company confidence in its value.
• Average repurchase price of £56.3650 indicates stable share price control.

Negative

• None.

Purchase of own shares

LONDON, UK / ACCESSWIRE / January 24, 2023 / The Company announces that on 23 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:	23 January 2023
Aggregate number of ordinary shares purchased:	8,984
Lowest price paid per share:	£ 56.1400
Highest price paid per share:	£ 56.6000
Average price paid per share:	£ 56.3650

The Company intends to cancel the purchased shares.

Following the above transaction, the Company has 175,449,181 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: 8,984 (ISIN: GB00BHJYC057)

Date of purchases: 23 January 2023

Investment firm: GSI

Aggregated information:

	London Stock Exchange	Cboe BXE	Cboe CXE	Turquoise
Number of ordinary shares purchased	8,984
Highest price paid (per ordinary share)	£ 56.6000
Lowest price paid (per ordinary share)	£ 56.1400
Volume weighted average price paid(per ordinary share)	£ 56.3650

Detailed information:

Transaction Date	Time	Time Zone	Volume	Price (GBP)	Trading Venue	Transaction ID
23/01/2023	08:19:52	GMT	76	56.3800	XLON	698353771875054
23/01/2023	08:27:03	GMT	68	56.3800	XLON	698353771875391
23/01/2023	08:34:04	GMT	79	56.2800	XLON	698353771875821
23/01/2023	08:39:00	GMT	63	56.2600	XLON	698353771876118
23/01/2023	08:40:32	GMT	67	56.1800	XLON	698353771876250
23/01/2023	08:52:27	GMT	128	56.3600	XLON	698353771876929
23/01/2023	08:52:50	GMT	81	56.3400	XLON	698353771876985
23/01/2023	09:07:48	GMT	120	56.3200	XLON	698353771877955
23/01/2023	09:20:13	GMT	87	56.3400	XLON	698353771878438
23/01/2023	09:22:13	GMT	85	56.3200	XLON	698353771878520
23/01/2023	09:29:34	GMT	99	56.2600	XLON	698353771878803
23/01/2023	09:42:03	GMT	18	56.1400	XLON	698353771879341
23/01/2023	09:42:03	GMT	52	56.1400	XLON	698353771879340
23/01/2023	09:59:58	GMT	153	56.2600	XLON	698353771880172
23/01/2023	10:02:26	GMT	71	56.2200	XLON	698353771880276
23/01/2023	10:05:20	GMT	67	56.2000	XLON	698353771880412
23/01/2023	10:14:14	GMT	77	56.1800	XLON	698353771880894
23/01/2023	10:36:25	GMT	69	56.2200	XLON	698353771881925
23/01/2023	10:51:44	GMT	258	56.3000	XLON	698353771882691
23/01/2023	11:03:28	GMT	68	56.2600	XLON	698353771883227
23/01/2023	11:36:36	GMT	33	56.3400	XLON	698353771885182
23/01/2023	11:42:34	GMT	291	56.3200	XLON	698353771885442
23/01/2023	11:42:35	GMT	73	56.3200	XLON	698353771885451
23/01/2023	11:56:18	GMT	98	56.3800	XLON	698353771886032
23/01/2023	12:03:50	GMT	70	56.3200	XLON	698353771886447
23/01/2023	12:12:06	GMT	103	56.3000	XLON	698353771886918
23/01/2023	12:25:02	GMT	98	56.2400	XLON	698353771887471
23/01/2023	12:35:20	GMT	2	56.2200	XLON	698353771888033
23/01/2023	12:35:20	GMT	82	56.2200	XLON	698353771888034
23/01/2023	12:55:23	GMT	6	56.2400	XLON	698353771889188
23/01/2023	12:55:23	GMT	15	56.2400	XLON	698353771889189
23/01/2023	12:55:23	GMT	39	56.2400	XLON	698353771889187
23/01/2023	13:01:51	GMT	265	56.2600	XLON	698353771889709
23/01/2023	13:05:40	GMT	70	56.2800	XLON	698353771890348
23/01/2023	13:17:44	GMT	97	56.2600	XLON	698353771890933
23/01/2023	13:17:44	GMT	97	56.2800	XLON	698353771890932
23/01/2023	13:22:00	GMT	70	56.2600	XLON	698353771891262
23/01/2023	13:30:52	GMT	76	56.2400	XLON	698353771891717
23/01/2023	13:34:09	GMT	62	56.2400	XLON	698353771891970
23/01/2023	13:43:11	GMT	6	56.2600	XLON	698353771892865
23/01/2023	13:43:11	GMT	15	56.2600	XLON	698353771892866
23/01/2023	13:43:11	GMT	15	56.2600	XLON	698353771892867
23/01/2023	13:43:11	GMT	26	56.2600	XLON	698353771892868
23/01/2023	13:47:31	GMT	197	56.2400	XLON	698353771893097
23/01/2023	13:55:16	GMT	108	56.2200	XLON	698353771893585
23/01/2023	14:05:06	GMT	141	56.2400	XLON	698353771894318
23/01/2023	14:08:01	GMT	65	56.2200	XLON	698353771894502
23/01/2023	14:13:03	GMT	70	56.1600	XLON	698353771894886
23/01/2023	14:13:03	GMT	98	56.1600	XLON	698353771894885
23/01/2023	14:21:46	GMT	92	56.2400	XLON	698353771895546
23/01/2023	14:30:58	GMT	55	56.3800	XLON	698353771896655
23/01/2023	14:30:58	GMT	58	56.3800	XLON	698353771896654
23/01/2023	14:30:58	GMT	59	56.3800	XLON	698353771896653
23/01/2023	14:30:58	GMT	78	56.3800	XLON	698353771896648
23/01/2023	14:31:08	GMT	48	56.3800	XLON	698353771896764
23/01/2023	14:33:54	GMT	87	56.3800	XLON	698353771897443
23/01/2023	14:34:05	GMT	66	56.3800	XLON	698353771897469
23/01/2023	14:36:01	GMT	74	56.3800	XLON	698353771897887
23/01/2023	14:36:01	GMT	61	56.4000	XLON	698353771897885
23/01/2023	14:40:17	GMT	109	56.4000	XLON	698353771898366
23/01/2023	14:41:35	GMT	119	56.4000	XLON	698353771898633
23/01/2023	14:48:25	GMT	3	56.5000	XLON	698353771899836
23/01/2023	14:48:25	GMT	129	56.5000	XLON	698353771899837
23/01/2023	14:48:46	GMT	153	56.5000	XLON	698353771899871
23/01/2023	14:50:00	GMT	77	56.4400	XLON	698353771900086
23/01/2023	14:50:53	GMT	63	56.4200	XLON	698353771900195
23/01/2023	14:54:19	GMT	71	56.3200	XLON	698353771900768
23/01/2023	14:55:20	GMT	75	56.3400	XLON	698353771900910
23/01/2023	14:57:46	GMT	64	56.2600	XLON	698353771901087
23/01/2023	14:58:40	GMT	69	56.3000	XLON	698353771901170
23/01/2023	15:00:27	GMT	67	56.3000	XLON	698353771901429
23/01/2023	15:05:34	GMT	130	56.3200	XLON	698353771902089
23/01/2023	15:09:20	GMT	121	56.3400	XLON	698353771902832
23/01/2023	15:10:36	GMT	94	56.3800	XLON	698353771903065
23/01/2023	15:11:23	GMT	81	56.3000	XLON	698353771903210
23/01/2023	15:11:24	GMT	63	56.3000	XLON	698353771903231
23/01/2023	15:13:30	GMT	102	56.3600	XLON	698353771903635
23/01/2023	15:19:17	GMT	150	56.5000	XLON	698353771904713
23/01/2023	15:19:47	GMT	87	56.4400	XLON	698353771904826
23/01/2023	15:21:49	GMT	72	56.4600	XLON	698353771905136
23/01/2023	15:27:29	GMT	7	56.5000	XLON	698353771905851
23/01/2023	15:27:29	GMT	58	56.5000	XLON	698353771905850
23/01/2023	15:27:29	GMT	66	56.5000	XLON	698353771905843
23/01/2023	15:27:50	GMT	16	56.4800	XLON	698353771905891
23/01/2023	15:27:50	GMT	51	56.4800	XLON	698353771905892
23/01/2023	15:30:00	GMT	61	56.5200	XLON	698353771906151
23/01/2023	15:32:48	GMT	64	56.5000	XLON	698353771906509
23/01/2023	15:37:55	GMT	5	56.4600	XLON	698353771907087
23/01/2023	15:37:55	GMT	42	56.4600	XLON	698353771907086
23/01/2023	15:37:55	GMT	45	56.4600	XLON	698353771907085
23/01/2023	15:37:55	GMT	108	56.4600	XLON	698353771907079
23/01/2023	15:40:07	GMT	65	56.4400	XLON	698353771907353
23/01/2023	15:48:34	GMT	8	56.4800	XLON	698353771908470
23/01/2023	15:48:34	GMT	69	56.4800	XLON	698353771908469
23/01/2023	15:48:34	GMT	175	56.4800	XLON	698353771908461
23/01/2023	15:52:19	GMT	103	56.4600	XLON	698353771909006
23/01/2023	15:56:58	GMT	186	56.5200	XLON	698353771909826
23/01/2023	15:58:57	GMT	92	56.5200	XLON	698353771910128
23/01/2023	15:59:52	GMT	40	56.5200	XLON	698353771910307
23/01/2023	16:05:20	GMT	12	56.5800	XLON	698353771911369
23/01/2023	16:05:20	GMT	82	56.5800	XLON	698353771911370
23/01/2023	16:08:39	GMT	87	56.5400	XLON	698353771911953
23/01/2023	16:08:39	GMT	187	56.5400	XLON	698353771911954
23/01/2023	16:11:03	GMT	80	56.5000	XLON	698353771912484
23/01/2023	16:17:53	GMT	88	56.5000	XLON	698353771913756
23/01/2023	16:19:57	GMT	189	56.5800	XLON	698353771914338
23/01/2023	16:21:25	GMT	83	56.5800	XLON	698353771914776
23/01/2023	16:22:44	GMT	68	56.5800	XLON	698353771915028
23/01/2023	16:25:03	GMT	96	56.6000	XLON	698353771915567

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/736455/InterContinental-Hotels-Group-PLC-Announces-Transaction-in-Own-Shares--Jan-24

FAQ

What was the purpose of InterContinental Hotels Group's share buyback on January 23, 2023?

The share buyback on January 23, 2023, was executed as per the authority granted by shareholders for capital management and to cancel the purchased shares.

How many shares did IHG purchase on January 23, 2023?

InterContinental Hotels Group purchased 8,984 ordinary shares on January 23, 2023.

What were the price ranges for the shares bought back by IHG?

The shares were purchased at a lowest price of £56.1400 and a highest price of £56.6000.

What will happen to the shares purchased by IHG?

The shares purchased by InterContinental Hotels Group are intended to be canceled.

What is the current number of IHG ordinary shares outstanding after the buyback?

After the buyback, the total number of ordinary shares in issue is 175,449,181.