InterContinental Hotels Group PLC Announces Transaction in Own Shares - Oct 5

Rhea-AI Summary

InterContinental Hotels Group announced the purchase of 114,026 ordinary shares at an average price of £44.9349 on October 4, 2022. This acquisition aligns with the authority granted by shareholders during the Annual General Meeting held on May 6, 2022. Following this transaction, the company holds a total of 7,914,711 shares in treasury, leaving 179,803,009 shares in issue. The purchase was executed by Goldman Sachs International on the London Stock Exchange.

Positive

• Share buyback of 114,026 shares indicates confidence in company value.
• Treasury shares increased, providing potential for future share price support.

Negative

• None.

LONDON, UK / ACCESSWIRE / October 5, 2022 / The Company announces that on 04 October 2022 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: 04 October 2022

Aggregate number of ordinary shares purchased: 114,026

Lowest price paid per share: £ 44.4400

Highest price paid per share: £ 45.3600

Average price paid per share: £ 44.9349

The Company intends to hold the purchased shares in treasury.

Following the above transaction, the Company holds 7,914,711 of its ordinary shares in treasury and has 179,803,009 shares in issue (excluding treasury shares).

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); Claire Scicluna (+44 (0)7776 778 808)

Schedule of Purchases

Shares purchased: 114,026 (ISIN: GB00BHJYC057)

Date of purchases: 04 October 2022

Investment firm: GSI

Click on, or paste the following link into your web browser, to view full announcement:
http://www.rns-pdf.londonstockexchange.com/rns/7886B_1-2022-10-4.pdf

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/718951/InterContinental-Hotels-Group-PLC-Announces-Transaction-in-Own-Shares--Oct-5

FAQ

What was the total number of shares purchased by IHG on October 4, 2022?

InterContinental Hotels Group purchased a total of 114,026 shares on October 4, 2022.

What was the average price paid per share for the IHG buyback?

The average price paid per share during the buyback was £44.9349.

How many treasury shares does IHG hold after the buyback?

After the buyback, IHG holds 7,914,711 shares in treasury.

Which investment firm facilitated the share purchase for IHG?

The share purchase was facilitated by Goldman Sachs International.

When did IHG announce their share purchase?

IHG announced the share purchase on October 5, 2022.