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

Rhea-AI Summary

InterContinental Hotels Group PLC announces the purchase of its own shares on May 5, 2023. The company purchased 2,770 ordinary shares at prices ranging from £53.62 to £54.36 per share. The average price paid per share was £54.14. The purchased shares will be cancelled. After the transaction, the company has 171,849,712 ordinary shares in issue.

Positive

• InterContinental Hotels Group PLC purchased its own shares, which could indicate confidence in the company's future performance and potentially boost investor sentiment.

Negative

• The purchase of the company's own shares could potentially lead to a decrease in the available supply of shares, which may negatively impact liquidity and trading volume.

Purchase of own shares

LONDON, UK / ACCESSWIRE / May 9, 2023 / The Company announces that on 05 May 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:	05 May 2023
Aggregate number of ordinary shares purchased:	2,770
Lowest price paid per share:	£ 53.6200
Highest price paid per share:	£ 54.3600
Average price paid per share:	£ 54.1404

The Company intends to cancel the purchased shares.

Following the above transaction, the Company has 171,849,712 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: Amy Shields (+44 (0)7881 035 550)

Schedle of Purchases

Shares purchased: 2,770 (ISIN: GB00BHJYC057)

Date of purchases: 05 May 2023

Investment firm: GSI

Aggregated information:

	London Stock Exchange	Cboe BXE	Cboe CXE	Turquoise
Number of ordinary shares purchased	2,770
Highest price paid (per ordinary share)	£ 54.3600
Lowest price paid (per ordinary share)	£ 53.6200
Volume weighted average price paid(per ordinary share)	£ 54.1404

Detailed information:

Transaction Date	Time	Time Zone	Volume	Price (GBP)	Trading Venue	Transaction ID
05/05/2023	09:15:07	BST	72	53.6200	XLON	761412481718284
05/05/2023	09:51:55	BST	56	53.8200	XLON	761412481720427
05/05/2023	10:10:45	BST	98	53.7800	XLON	761412481721817
05/05/2023	10:34:04	BST	84	53.8400	XLON	761412481722934
05/05/2023	11:03:50	BST	72	53.7600	XLON	761412481724396
05/05/2023	11:38:26	BST	73	54.0000	XLON	761412481725976
05/05/2023	12:16:02	BST	99	54.1800	XLON	761412481727690
05/05/2023	13:01:58	BST	109	54.2800	XLON	761412481729574
05/05/2023	13:30:01	BST	78	54.2000	XLON	761412481731065
05/05/2023	13:32:47	BST	116	54.3000	XLON	761412481731577
05/05/2023	13:37:08	BST	94	54.2000	XLON	761412481731806
05/05/2023	13:49:59	BST	105	54.3600	XLON	761412481733189
05/05/2023	14:04:12	BST	32	54.2400	XLON	761412481734003
05/05/2023	14:04:12	BST	61	54.2400	XLON	761412481734002
05/05/2023	14:21:46	BST	82	54.2400	XLON	761412481735142
05/05/2023	14:28:11	BST	71	54.2200	XLON	761412481735503
05/05/2023	14:32:56	BST	86	54.1600	XLON	761412481736352
05/05/2023	14:35:14	BST	82	54.2000	XLON	761412481736703
05/05/2023	14:45:35	BST	39	54.2400	XLON	761412481738252
05/05/2023	14:45:35	BST	87	54.2400	XLON	761412481738253
05/05/2023	14:45:35	BST	93	54.2400	XLON	761412481738256
05/05/2023	14:54:41	BST	71	54.1800	XLON	761412481739523
05/05/2023	15:02:27	BST	72	54.3000	XLON	761412481740604
05/05/2023	15:03:35	BST	8	54.2600	XLON	761412481740733
05/05/2023	15:03:35	BST	27	54.2600	XLON	761412481740732
05/05/2023	15:03:35	BST	40	54.2600	XLON	761412481740734
05/05/2023	15:10:34	BST	73	54.2200	XLON	761412481741566
05/05/2023	15:16:24	BST	97	54.2000	XLON	761412481742408
05/05/2023	15:25:44	BST	85	54.1200	XLON	761412481743407
05/05/2023	15:39:03	BST	83	54.1400	XLON	761412481745135
05/05/2023	15:43:19	BST	74	54.0600	XLON	761412481745675
05/05/2023	15:54:40	BST	117	54.0600	XLON	761412481747022
05/05/2023	16:03:28	BST	9	54.1400	XLON	761412481748241
05/05/2023	16:03:28	BST	64	54.1400	XLON	761412481748242
05/05/2023	16:09:04	BST	85	54.1800	XLON	761412481749172
05/05/2023	16:23:59	BST	95	54.1800	XLON	761412481751432
05/05/2023	16:27:46	BST	1	54.2200	XLON	761412481752317
05/05/2023	16:27:46	BST	44	54.2200	XLON	761412481752318
05/05/2023	16:29:57	BST	36	54.2200	XLON	761412481752903

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/753648/InterContinental-Hotels-Group-PLC-Announces-Transaction-in-Own-Shares--May-9

FAQ

What did InterContinental Hotels Group PLC announce?

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

How many shares did the company purchase?

The company purchased 2,770 ordinary shares.

At what prices were the shares purchased?

The lowest price paid per share was £53.62, and the highest price paid per share was £54.36.

What is the average price paid per share?

The average price paid per share was £54.14.

What will happen to the purchased shares?

The purchased shares will be cancelled.

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

After the transaction, the company has 171,849,712 ordinary shares in issue.