InterContinental Hotels Group PLC Announces Transaction in Own Shares - Oct 28
InterContinental Hotels Group announced on October 27, 2022, that it purchased 259,415 ordinary shares at an average price of £46.9212 each. The shares were acquired through Goldman Sachs International on the London Stock Exchange. Following this transaction, the Company has 177,239,763 ordinary shares in circulation, excluding 8,156,782 held in treasury. The purchased shares will be canceled, reflecting the Company’s commitment to enhancing shareholder value.
- Share repurchase of 259,415 shares indicates strong confidence in company value.
- Average purchase price of £46.9212 is relatively favorable for the company.
- None.
Purchase of own shares
LONDON, UK / ACCESSWIRE / October 28, 2022 / The Company announces that on 27 October 2022 it purchased the following number of its ordinary shares of 20340/399pence 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: | 27 October 2022 |
| Aggregate number of ordinary shares purchased: | 259,415 |
| Lowest price paid per share: | £ 46.4900 |
| Highest price paid per share: | £ 47.2700 |
| Average price paid per share: | £ 46.9212 |
The Company intends to cancel the purchased shares.
Following the above transaction, the Company has 177,239,763 ordinary shares in issue (excluding 8,156,782 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); Claire Scicluna (+44 (0)7776 778 808)
Schedule of Purchases
Shares purchased: 259,415 (ISIN: GB00BHJYC057)
Date of purchases: 27 October 2022
Investment firm: GSI
Aggregated information:
London Stock Exchange | Cboe BXE | Cboe CXE | Turquoise | |
Number of ordinary shares purchased | 142,000 | 57,864 | 47,642 | 11,909 |
Highest price paid (per ordinary share) | £ 47.2600 | £ 47.2600 | £ 47.2700 | £ 47.2700 |
Lowest price paid (per ordinary share) | £ 46.4900 | £ 46.5100 | £ 46.5000 | £ 46.5100 |
Volume weighted average price paid(per ordinary share) | £ 46.9212 | £ 46.9196 | £ 46.9214 | £ 46.9278 |
Click on, or paste the following link into your web browser, to view full announcement:
http://www.rns-pdf.londonstockexchange.com/rns/4167E_1-2022-10-27.pdf
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SOURCE: InterContinental Hotels Group PLC
View source version on accesswire.com:
https://www.accesswire.com/722796/InterContinental-Hotels-Group-PLC-Announces-Transaction-in-Own-Shares--Oct-28
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