InterContinental Hotels Group PLC Announces Transaction in Own Shares - Nov 6

Rhea-AI Summary

InterContinental Hotels Group PLC has announced the purchase of its own shares. On November 3, 2023, the company purchased 223,504 ordinary shares on the London Stock Exchange. The lowest price paid per share was £56.4600, the highest price paid per share was £57.6000, and the average price paid per share was £57.2611. The purchased shares will be cancelled. After the transaction, the company has 164,752,041 ordinary shares in issue.

Purchase of own shares

LONDON, UK / ACCESSWIRE / November 6, 2023 / InterContinental Hotels Group PLC (the Company) (NYSE:IHG)(LSE:IHG)(OTC PINK:ICHGF)

The Company announces that on 03 November 2023 it purchased the following number of its ordinary shares of 20^340/399 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 21 February 2023, as announced on 21 February 2023

Date of purchase:	03 November 2023
Aggregate number of ordinary shares purchased:	223,504
Lowest price paid per share:	£ 56.4600
Highest price paid per share:	£ 57.6000
Average price paid per share:	£ 57.2611

The Company intends to cancel the purchased shares.

Following the above transaction, the Company has 164,752,041 ordinary shares in issue (excluding 7,506,782 held in treasury).

A full breakdown of the individual purchases by GSI is included below.

http://www.rns-pdf.londonstockexchange.com/rns/4072S_1-2023-11-3.pdf

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: 223,504 (ISIN: GB00BHJYC057)

Date of purchases: 03 November 2023

Investment firm: GSI

Aggregated information

	London Stock Exchange	Cboe BXE	Cboe CXE	Turquoise
Number of ordinary shares purchased	115,854	63,262	31,617	12,771
Highest price paid (per ordinary share)	£ 57.5800	£ 57.6000	£ 57.5800	£ 57.5800
Lowest price paid (per ordinary share)	£ 56.5200	£ 56.4600	£ 56.6000	£ 56.4800
Volume weighted average price paid(per ordinary share)	£ 57.2595	£ 57.2440	£ 57.2893	£ 57.2914

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/799882/intercontinental-hotels-group-plc-announces-transaction-in-own-shares--nov-6

FAQ

What did InterContinental Hotels Group PLC announce?

InterContinental Hotels Group PLC announced the purchase of its own shares.

When did the company purchase the shares?

The company purchased the shares on November 3, 2023.

How many ordinary shares did the company purchase?

The company purchased 223,504 ordinary shares.

What was the lowest price paid per share?

The lowest price paid per share was £56.4600.

What was the highest price paid per share?

The highest price paid per share was £57.6000.

What was the average price paid per share?

The average price paid per share was £57.2611.

What will happen to the purchased shares?

The purchased shares will be cancelled.

How many ordinary shares does the company have in issue after the transaction?

After the transaction, the company has 164,752,041 ordinary shares in issue.