InterContinental Hotels Group PLC Announces Transaction in Own Shares - Aug 7

Rhea-AI Summary

InterContinental Hotels Group PLC announces the purchase of its own shares, totaling 8,764 shares, at prices ranging from £55.5200 to £56.1200 per share. The company intends to cancel the purchased shares.

Positive

• InterContinental Hotels Group PLC purchased 8,764 of its own shares at prices ranging from £55.5200 to £56.1200 per share. This demonstrates confidence in the company and could positively impact the stock price.

Negative

• None.

Purchase of own shares

LONDON, UK / ACCESSWIRE / August 7, 2023 / InterContinental Hotels Group PLC (NYSE:IHG)(LSE:IHG)(OTC PINK:ICHGF)

The Company announces that on 04 August 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 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:	04 August 2023
Aggregate number of ordinary shares purchased:	8,764
Lowest price paid per share:	£ 55.5200
Highest price paid per share:	£ 56.1200
Average price paid per share:	£ 55.7808

The Company intends to cancel the purchased shares.

Following the above transaction, the Company has 167,459,670 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: Mike Ward (+44 (0)7795 257 407)

Schedule of Purchases

Shares purchased: 8,764 (ISIN: GB00BHJYC057)

Date of purchases: 04 August 2023

Investment firm: GSI

Aggregated information:

	London Stock Exchange	Cboe BXE	Cboe CXE	Turquoise
Number of ordinary shares purchased	8,764
Highest price paid (per ordinary share)	£ 56.1200
Lowest price paid (per ordinary share)	£ 55.5200
Volume weighted average price paid(per ordinary share)	£ 55.7808

Detailed information:

Transaction Date	Time	Time Zone	Volume	Price (GBP)	Trading Venue	Transaction ID
04/08/2023	09:34:42	BST	28	56.1200	XLON	817693733166281
04/08/2023	09:34:42	BST	42	56.1200	XLON	817693733166279
04/08/2023	09:34:42	BST	80	56.1200	XLON	817693733166280
04/08/2023	10:58:23	BST	11	56.1000	XLON	817693733170857
04/08/2023	11:14:34	BST	263	56.0800	XLON	817693733171568
04/08/2023	11:14:38	BST	109	56.0800	XLON	817693733171571
04/08/2023	11:15:00	BST	297	56.0800	XLON	817693733171589
04/08/2023	11:15:01	BST	86	56.0800	XLON	817693733171590
04/08/2023	11:27:50	BST	35	56.0000	XLON	817693733172340
04/08/2023	11:27:50	BST	58	56.0000	XLON	817693733172341
04/08/2023	11:53:13	BST	162	55.9200	XLON	817693733174070
04/08/2023	12:15:41	BST	24	55.8600	XLON	817693733175283
04/08/2023	12:15:41	BST	124	55.8600	XLON	817693733175284
04/08/2023	12:29:47	BST	32	55.7000	XLON	817693733176045
04/08/2023	12:29:47	BST	45	55.7000	XLON	817693733176044
04/08/2023	12:46:00	BST	83	55.6400	XLON	817693733176859
04/08/2023	13:02:33	BST	142	55.6400	XLON	817693733177770
04/08/2023	13:17:17	BST	40	55.5400	XLON	817693733178845
04/08/2023	13:17:17	BST	58	55.5400	XLON	817693733178843
04/08/2023	13:17:17	BST	59	55.5400	XLON	817693733178844
04/08/2023	13:17:17	BST	4	55.5600	XLON	817693733178849
04/08/2023	13:17:17	BST	58	55.5600	XLON	817693733178848
04/08/2023	13:17:17	BST	59	55.5600	XLON	817693733178847
04/08/2023	13:17:17	BST	60	55.5600	XLON	817693733178846
04/08/2023	13:17:17	BST	225	55.5600	XLON	817693733178792
04/08/2023	13:17:17	BST	86	55.5800	XLON	817693733178791
04/08/2023	13:17:23	BST	338	55.5400	XLON	817693733178881
04/08/2023	13:17:23	BST	176	55.5600	XLON	817693733178858
04/08/2023	13:17:23	BST	177	55.5600	XLON	817693733178875
04/08/2023	13:17:45	BST	167	55.5600	XLON	817693733178932
04/08/2023	13:17:55	BST	17	55.5600	XLON	817693733178961
04/08/2023	13:17:55	BST	26	55.5600	XLON	817693733178962
04/08/2023	13:17:55	BST	266	55.5600	XLON	817693733178955
04/08/2023	13:18:04	BST	120	55.5400	XLON	817693733179015
04/08/2023	13:18:35	BST	141	55.5200	XLON	817693733179078
04/08/2023	13:18:40	BST	41	55.5200	XLON	817693733179082
04/08/2023	13:18:40	BST	78	55.5200	XLON	817693733179083
04/08/2023	13:22:27	BST	17	55.6600	XLON	817693733179403
04/08/2023	13:22:27	BST	72	55.6600	XLON	817693733179402
04/08/2023	13:30:23	BST	83	55.7800	XLON	817693733180060
04/08/2023	13:34:40	BST	20	55.6200	XLON	817693733180650
04/08/2023	13:34:40	BST	93	55.6200	XLON	817693733180651
04/08/2023	13:39:21	BST	333	55.5600	XLON	817693733181060
04/08/2023	13:39:29	BST	203	55.5600	XLON	817693733181076
04/08/2023	13:40:11	BST	28	55.5600	XLON	817693733181102
04/08/2023	13:40:11	BST	53	55.5600	XLON	817693733181103
04/08/2023	13:40:11	BST	94	55.5600	XLON	817693733181101
04/08/2023	13:44:53	BST	117	55.7000	XLON	817693733181423
04/08/2023	13:50:11	BST	42	55.7600	XLON	817693733181720
04/08/2023	13:50:11	BST	56	55.7600	XLON	817693733181719
04/08/2023	13:56:04	BST	87	55.6800	XLON	817693733182050
04/08/2023	14:02:29	BST	88	55.6000	XLON	817693733182421
04/08/2023	14:12:34	BST	88	55.6400	XLON	817693733183204
04/08/2023	14:16:21	BST	81	55.6200	XLON	817693733183473
04/08/2023	14:24:56	BST	106	55.6400	XLON	817693733184131
04/08/2023	14:28:43	BST	43	55.6000	XLON	817693733184491
04/08/2023	14:31:02	BST	130	55.8000	XLON	817693733185268
04/08/2023	14:32:16	BST	82	55.8000	XLON	817693733185674
04/08/2023	14:33:19	BST	14	55.7400	XLON	817693733185941
04/08/2023	14:35:02	BST	86	55.7600	XLON	817693733186289
04/08/2023	14:37:18	BST	194	55.7600	XLON	817693733186829
04/08/2023	14:38:09	BST	79	55.7200	XLON	817693733187030
04/08/2023	14:41:19	BST	251	55.7200	XLON	817693733187769
04/08/2023	14:43:30	BST	104	55.7200	XLON	817693733188326
04/08/2023	14:45:32	BST	98	55.8800	XLON	817693733188868
04/08/2023	14:49:23	BST	267	55.9600	XLON	817693733189523
04/08/2023	14:51:07	BST	92	55.9600	XLON	817693733189793
04/08/2023	14:52:44	BST	125	55.9000	XLON	817693733190002
04/08/2023	14:54:31	BST	90	55.8600	XLON	817693733190132
04/08/2023	14:56:17	BST	90	55.8400	XLON	817693733190341
04/08/2023	14:59:08	BST	79	55.8200	XLON	817693733190746
04/08/2023	15:00:48	BST	75	55.8400	XLON	817693733190928
04/08/2023	15:02:40	BST	83	55.8600	XLON	817693733191204
04/08/2023	15:05:51	BST	82	55.9200	XLON	817693733191642
04/08/2023	15:08:30	BST	34	55.9400	XLON	817693733192012
04/08/2023	15:08:30	BST	89	55.9400	XLON	817693733192013
04/08/2023	15:11:34	BST	41	56.0400	XLON	817693733192390
04/08/2023	15:11:34	BST	43	56.0400	XLON	817693733192391
04/08/2023	15:13:21	BST	86	56.1200	XLON	817693733192600
04/08/2023	15:13:48	BST	117	56.1000	XLON	817693733192638
04/08/2023	15:16:33	BST	103	56.1000	XLON	817693733192869
04/08/2023	15:21:25	BST	107	56.1200	XLON	817693733193439
04/08/2023	15:21:25	BST	115	56.1200	XLON	817693733193440
04/08/2023	15:30:17	BST	127	56.1200	XLON	817693733194963
04/08/2023	15:30:17	BST	147	56.1200	XLON	817693733194962
04/08/2023	15:37:03	BST	76	56.1200	XLON	817693733195811
04/08/2023	15:37:03	BST	137	56.1200	XLON	817693733195809

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SOURCE: InterContinental Hotels Group PLC

View source version on accesswire.com:
https://www.accesswire.com/772554/InterContinental-Hotels-Group-PLC-Announces-Transaction-in-Own-Shares--Aug-7

FAQ

What did InterContinental Hotels Group PLC announce?

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

How many shares did InterContinental Hotels Group PLC purchase?

InterContinental Hotels Group PLC purchased 8,764 of its own shares.

At what prices were the shares purchased?

The shares were purchased at prices ranging from £55.5200 to £56.1200 per share.

What does the company plan to do with the purchased shares?

The company intends to cancel the purchased shares.

What could be the impact of this purchase on the stock price?

This purchase demonstrates confidence in the company and could positively impact the stock price.