InterContinental Hotels Group PLC Announces Transaction in Own Shares - May 9

Rhea-AI Summary

InterContinental Hotels Group PLC announced the purchase of its own shares on May 9, 2024. The Company bought 34,204 ordinary shares at prices ranging from £78.7200 to £80.1200 per share through Goldman Sachs International. The purchase was made in accordance with the authority granted by shareholders at the Annual General Meeting on May 3, 2024. The Company intends to cancel the purchased shares, and after the transaction, it has 162,828,619 ordinary shares in issue.

Purchase of own shares

LONDON, UK / ACCESSWIRE / May 9, 2024 / The Company announces that on 08 May 2024 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 3 May 2024 (the "Purchase"). The Purchase was effected pursuant to instructions issued by the Company on 20 February 2024, as announced on 20 February 2024.

Date of purchase:	08 May 2024
Aggregate number of ordinary shares purchased:	34,204
Lowest price paid per share:	£ 78.7200
Highest price paid per share:	£ 80.1200
Average price paid per share:	£ 79.1284

The Company intends to cancel the purchased shares.

Following the above transaction, the Company has 162,828,619 ordinary shares in issue (excluding 7,006,782 held in treasury).

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

http://www.rns-pdf.londonstockexchange.com/rns/6964N_1-2024-5-8.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: 34,204 (ISIN: GB00BHJYC057)

Date of purchases: 08 May 2024

Investment firm: GSI

Aggregated information:

	London Stock Exchange	Cboe BXE	Cboe CXE	Turquoise
Number of ordinary shares purchased	34,204
Highest price paid (per ordinary share)	£ 80.1200
Lowest price paid (per ordinary share)	£ 78.7200
Volume weighted average price paid(per ordinary share)	£ 79.1284

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 the original press release on accesswire.com

FAQ

What did InterContinental Hotels Group PLC announce on May 9, 2024?

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

How many ordinary shares did the Company buy?

The Company bought 34,204 ordinary shares.

Who facilitated the purchase of shares?

Goldman Sachs International facilitated the purchase.

At what prices were the shares purchased?

The shares were purchased at prices ranging from £78.7200 to £80.1200 per share.

When did the Company issue instructions for the purchase?

The Company issued instructions on February 20, 2024.

What is the total number of ordinary shares in issue after the purchase?

After the purchase, the Company has 162,828,619 ordinary shares in issue.

Will the Company cancel the purchased shares?

Yes, the Company intends to cancel the purchased shares.