InterContinental Hotels Group PLC Announces Transaction in Own Shares - Oct 3

Rhea-AI Summary

InterContinental Hotels Group announced the purchase of 29,979 ordinary shares on 30 September 2022, conducted through Goldman Sachs International. This transaction aligns with the authority granted by shareholders during the Annual General Meeting on 6 May 2022. The shares were bought at an average price of £43.6729 each, with the lowest and highest prices being £43.1600 and £44.2800, respectively. The purchased shares will be held in treasury, increasing total treasury shares to 7,682,074 out of 180,035,646 shares issued.

Positive

• Company repurchased 29,979 shares, indicating confidence in its stock value.
• Shares were acquired at a favorable average price of £43.6729.

Negative

• None.

InterContinental Hotels Group PLC (the Company) Purchase of own shares

LONDON, UK / ACCESSWIRE / October 3, 2022 / The Company announces that on 30 September 2022 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 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 September 2022

Aggregate number of ordinary shares purchased: 29,979

Lowest price paid per share: £ 43.1600

Highest price paid per share: £ 44.2800

Average price paid per share: £ 43.6729

The Company intends to hold the purchased shares in treasury.

Following the above transaction, the Company holds 7,682,074 of its ordinary shares in treasury and has 180,035,646 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: 29,979 (ISIN: GB00BHJYC057)

Date of purchases: 30 September 2022

Investment firm: GSI

Aggregated information:

Click on, or paste the following link into your web browser, to view full announcement:

http://www.rns-pdf.londonstockexchange.com/rns/4561B_1-2022-10-2.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/718458/InterContinental-Hotels-Group-PLC-Announces-Transaction-in-Own-Shares--Oct-3

FAQ

When did IHG purchase its own shares?

InterContinental Hotels Group purchased its own shares on 30 September 2022.

How many shares did IHG buy back?

IHG bought back 29,979 ordinary shares.

What was the average price per share for IHG's buyback?

The average price paid per share during the buyback was £43.6729.

Who conducted the share purchase for IHG?

The share purchase was conducted through Goldman Sachs International.

How many shares are currently held in treasury by IHG?

Following the purchase, IHG holds 7,682,074 shares in treasury.