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InterContinental Hotels Group PLC Announces Transaction in Own Shares – Nov 17

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
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Rhea-AI Summary

InterContinental Hotels Group PLC announced the purchase of 20,000 of its ordinary shares on November 16, 2022, through Goldman Sachs International. The shares were acquired at an average price of £46.7881, with the lowest price at £46.5400 and the highest at £47.3100. This transaction aligns with the authority given by shareholders at the Annual General Meeting on May 6, 2022, and the company plans to cancel these shares. After this purchase, the total number of ordinary shares in issue stands at 175,506,955.

Positive
  • Share buyback of 20,000 shares indicates confidence in the company's valuation.
  • Average purchase price lower than the current market levels may signal potential undervaluation.
Negative
  • No significant financial metrics or growth indicators were provided in the transaction.

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

LONDON, UK / ACCESSWIRE / November 17, 2022 / The Company announces that on 16 November 2022 it purchased the following number of its ordinary shares of 20340/399 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:16 November 2022
Aggregate number of ordinary shares purchased:20,000
Lowest price paid per share:£ 46.5400
Highest price paid per share:£ 47.3100
Average price paid per share:£ 46.7881

The Company intends to cancel the purchased shares.

Following the above transaction, the Company has 175,506,955 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); Dan Winter (+44 (0)7423 793 352

Schedule of Purchases

Shares purchased: 20,000 (ISIN: GB00BHJYC057)

Date of purchases: 16 November 2022

Investment firm: GSI

Aggregated information

London Stock Exchange

Cboe BXE

Cboe CXE

Turquoise

Number of ordinary shares purchased

20,000

Highest price paid (per ordinary share)

£ 47.3100

Lowest price paid (per ordinary share)

£ 46.5400

Volume weighted average price paid(per ordinary share)

£ 46.7881

Detailed information

Transaction Date

Time

Time Zone

Volume

Price (GBP)

Trading Venue

Transaction ID

16/11/2022

08:55:15

GMT

156

47.1200

XLON

656297452121248

16/11/2022

08:59:55

GMT

97

47.1400

XLON

656297452121609

16/11/2022

09:05:08

GMT

117

47.1300

XLON

656297452122243

16/11/2022

09:16:44

GMT

32

47.2000

XLON

656297452123474

16/11/2022

09:16:44

GMT

49

47.2000

XLON

656297452123475

16/11/2022

09:17:35

GMT

81

47.2100

XLON

656297452123558

16/11/2022

09:20:19

GMT

83

47.2100

XLON

656297452123804

16/11/2022

09:25:19

GMT

75

47.2800

XLON

656297452124260

16/11/2022

09:28:10

GMT

128

47.2500

XLON

656297452124594

16/11/2022

09:35:21

GMT

78

47.2600

XLON

656297452125407

16/11/2022

09:35:21

GMT

104

47.2600

XLON

656297452125406

16/11/2022

09:47:20

GMT

89

47.3000

XLON

656297452126584

16/11/2022

09:48:39

GMT

60

47.3100

XLON

656297452126686

16/11/2022

09:48:39

GMT

73

47.3100

XLON

656297452126687

16/11/2022

09:57:07

GMT

92

47.2600

XLON

656297452127704

16/11/2022

10:08:05

GMT

76

47.2500

XLON

656297452129014

16/11/2022

10:13:18

GMT

128

47.2400

XLON

656297452129754

16/11/2022

10:23:18

GMT

86

47.2700

XLON

656297452130933

16/11/2022

10:28:01

GMT

35

47.2600

XLON

656297452131352

16/11/2022

10:28:01

GMT

49

47.2600

XLON

656297452131353

16/11/2022

10:29:42

GMT

20

47.1900

XLON

656297452131514

16/11/2022

10:29:42

GMT

61

47.1900

XLON

656297452131513

16/11/2022

10:35:39

GMT

79

47.1900

XLON

656297452132093

16/11/2022

10:41:22

GMT

80

47.1800

XLON

656297452132766

16/11/2022

10:45:10

GMT

116

47.1500

XLON

656297452133115

16/11/2022

10:52:12

GMT

108

47.1500

XLON

656297452133602

16/11/2022

10:58:23

GMT

111

47.1300

XLON

656297452134110

16/11/2022

11:01:35

GMT

82

47.0800

XLON

656297452134588

16/11/2022

11:05:55

GMT

85

47.0700

XLON

656297452135142

16/11/2022

11:09:36

GMT

6

47.0100

XLON

656297452135554

16/11/2022

11:09:36

GMT

73

47.0100

XLON

656297452135555

16/11/2022

11:13:52

GMT

84

46.9500

XLON

656297452135931

16/11/2022

11:19:36

GMT

18

46.8300

XLON

656297452136549

16/11/2022

11:19:36

GMT

112

46.8300

XLON

656297452136548

16/11/2022

11:24:09

GMT

74

46.8900

XLON

656297452137046

16/11/2022

11:30:15

GMT

74

46.8400

XLON

656297452137464

16/11/2022

11:31:48

GMT

45

46.7400

XLON

656297452137748

16/11/2022

11:31:48

GMT

71

46.7400

XLON

656297452137747

16/11/2022

11:38:43

GMT

25

46.7200

XLON

656297452138274

16/11/2022

11:39:22

GMT

32

46.7300

XLON

656297452138341

16/11/2022

11:39:22

GMT

49

46.7300

XLON

656297452138340

16/11/2022

11:45:04

GMT

122

46.7200

XLON

656297452138865

16/11/2022

11:50:55

GMT

39

46.7800

XLON

656297452139238

16/11/2022

11:50:55

GMT

99

46.7800

XLON

656297452139237

16/11/2022

12:00:12

GMT

107

46.8100

XLON

656297452140029

16/11/2022

12:00:12

GMT

136

46.8100

XLON

656297452140049

16/11/2022

12:03:02

GMT

134

46.7700

XLON

656297452140280

16/11/2022

12:08:22

GMT

75

46.6600

XLON

656297452140802

16/11/2022

12:11:53

GMT

82

46.6500

XLON

656297452141137

16/11/2022

12:16:44

GMT

94

46.7500

XLON

656297452141537

16/11/2022

12:21:18

GMT

90

46.7200

XLON

656297452141946

16/11/2022

12:23:55

GMT

32

46.7000

XLON

656297452142198

16/11/2022

12:26:39

GMT

34

46.6700

XLON

656297452142423

16/11/2022

12:26:39

GMT

72

46.6700

XLON

656297452142424

16/11/2022

12:28:46

GMT

88

46.6700

XLON

656297452142607

16/11/2022

12:33:20

GMT

121

46.6000

XLON

656297452142921

16/11/2022

12:43:47

GMT

109

46.7600

XLON

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16/11/2022

12:43:47

GMT

124

46.7600

XLON

656297452143924

16/11/2022

12:50:06

GMT

12

46.7000

XLON

656297452144314

16/11/2022

12:50:06

GMT

95

46.7000

XLON

656297452144315

16/11/2022

12:55:59

GMT

90

46.7100

XLON

656297452144809

16/11/2022

12:58:31

GMT

116

46.7200

XLON

656297452145029

16/11/2022

13:00:59

GMT

76

46.7100

XLON

656297452145196

16/11/2022

13:04:30

GMT

84

46.6200

XLON

656297452145606

16/11/2022

13:12:42

GMT

151

46.6300

XLON

656297452146321

16/11/2022

13:12:55

GMT

25

46.5400

XLON

656297452146372

16/11/2022

13:12:55

GMT

34

46.5400

XLON

656297452146374

16/11/2022

13:12:55

GMT

90

46.5400

XLON

656297452146373

16/11/2022

13:24:11

GMT

201

46.6500

XLON

656297452147458

16/11/2022

13:29:18

GMT

97

46.6400

XLON

656297452147775

16/11/2022

13:30:36

GMT

111

46.5400

XLON

656297452148380

16/11/2022

13:33:03

GMT

88

46.5800

XLON

656297452149004

16/11/2022

13:36:32

GMT

95

46.6400

XLON

656297452149354

16/11/2022

13:38:17

GMT

140

46.6200

XLON

656297452149524

16/11/2022

13:40:46

GMT

84

46.6000

XLON

656297452149651

16/11/2022

13:42:59

GMT

19

46.5900

XLON

656297452149862

16/11/2022

13:42:59

GMT

21

46.5900

XLON

656297452149863

16/11/2022

13:42:59

GMT

39

46.5900

XLON

656297452149864

16/11/2022

13:45:19

GMT

81

46.6100

XLON

656297452150078

16/11/2022

13:48:06

GMT

141

46.7300

XLON

656297452150406

16/11/2022

13:50:01

GMT

84

46.7400

XLON

656297452150551

16/11/2022

13:50:49

GMT

76

46.6400

XLON

656297452150666

16/11/2022

13:53:50

GMT

79

46.6100

XLON

656297452150957

16/11/2022

13:55:54

GMT

92

46.6200

XLON

656297452151233

16/11/2022

13:57:30

GMT

96

46.6500

XLON

656297452151451

16/11/2022

13:59:23

GMT

12

46.6100

XLON

656297452151674

16/11/2022

13:59:23

GMT

73

46.6100

XLON

656297452151673

16/11/2022

14:02:24

GMT

122

46.6200

XLON

656297452152006

16/11/2022

14:04:18

GMT

117

46.6200

XLON

656297452152163

16/11/2022

14:07:00

GMT

36

46.6700

XLON

656297452152386

16/11/2022

14:07:00

GMT

99

46.6700

XLON

656297452152385

16/11/2022

14:10:30

GMT

239

46.7000

XLON

656297452152683

16/11/2022

14:15:29

GMT

160

46.7200

XLON

656297452153150

16/11/2022

14:17:46

GMT

197

46.7100

XLON

656297452153518

16/11/2022

14:20:59

GMT

147

46.7200

XLON

656297452154019

16/11/2022

14:23:18

GMT

105

46.6700

XLON

656297452154317

16/11/2022

14:27:16

GMT

39

46.7700

XLON

656297452154884

16/11/2022

14:27:16

GMT

91

46.7700

XLON

656297452154883

16/11/2022

14:28:38

GMT

41

46.7600

XLON

656297452155093

16/11/2022

14:28:38

GMT

54

46.7600

XLON

656297452155094

16/11/2022

14:29:55

GMT

53

46.7500

XLON

656297452155260

16/11/2022

14:29:55

GMT

57

46.7500

XLON

656297452155259

16/11/2022

14:30:01

GMT

101

46.7400

XLON

656297452155409

16/11/2022

14:31:30

GMT

11

46.7200

XLON

656297452156182

16/11/2022

14:31:30

GMT

69

46.7200

XLON

656297452156181

16/11/2022

14:31:38

GMT

1

46.7100

XLON

656297452156234

16/11/2022

14:31:38

GMT

85

46.7100

XLON

656297452156233

16/11/2022

14:33:18

GMT

86

46.7600

XLON

656297452156778

16/11/2022

14:35:01

GMT

28

46.8200

XLON

656297452157213

16/11/2022

14:35:01

GMT

128

46.8200

XLON

656297452157212

16/11/2022

14:36:17

GMT

253

46.8000

XLON

656297452157657

16/11/2022

14:38:02

GMT

94

46.8200

XLON

656297452158049

16/11/2022

14:38:02

GMT

147

46.8200

XLON

656297452158048

16/11/2022

14:39:47

GMT

120

46.8200

XLON

656297452158575

16/11/2022

14:40:09

GMT

147

46.7900

XLON

656297452158696

16/11/2022

14:41:19

GMT

113

46.7700

XLON

656297452159080

16/11/2022

14:41:58

GMT

81

46.7600

XLON

656297452159198

16/11/2022

14:42:28

GMT

27

46.7600

XLON

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16/11/2022

14:42:28

GMT

52

46.7600

XLON

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16/11/2022

14:43:37

GMT

11

46.7700

XLON

656297452159650

16/11/2022

14:43:37

GMT

118

46.7700

XLON

656297452159649

16/11/2022

14:46:10

GMT

6

46.8300

XLON

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16/11/2022

14:46:10

GMT

71

46.8300

XLON

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16/11/2022

14:46:10

GMT

275

46.8300

XLON

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16/11/2022

14:48:04

GMT

131

46.8000

XLON

656297452160558

16/11/2022

14:48:06

GMT

48

46.7900

XLON

656297452160598

16/11/2022

14:48:06

GMT

70

46.7900

XLON

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16/11/2022

14:49:03

GMT

76

46.7600

XLON

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16/11/2022

14:50:21

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21

46.7500

XLON

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16/11/2022

14:50:21

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58

46.7500

XLON

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16/11/2022

14:50:21

GMT

66

46.7500

XLON

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16/11/2022

14:51:10

GMT

39

46.7200

XLON

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16/11/2022

14:51:10

GMT

68

46.7200

XLON

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16/11/2022

14:51:42

GMT

7

46.6900

XLON

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16/11/2022

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69

46.6900

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16/11/2022

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GMT

118

46.6800

XLON

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16/11/2022

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GMT

77

46.6800

XLON

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16/11/2022

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98

46.7200

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16/11/2022

14:56:04

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111

46.7200

XLON

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16/11/2022

14:56:39

GMT

116

46.7000

XLON

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16/11/2022

15:01:21

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26

46.9200

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16/11/2022

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46.9200

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341

46.9300

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15:03:10

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279

46.9100

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16/11/2022

15:04:56

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158

46.8900

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105

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94

46.8700

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26

46.8600

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126

46.8900

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185

46.9000

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196

46.8600

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107

46.8100

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46.8200

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46.8100

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46.8100

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214

46.8100

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129

46.8100

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101

46.8000

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78

46.8000

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293

46.8200

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44

46.8000

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101

46.8000

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46.8100

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46.8100

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46.8000

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82

46.6000

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16/11/2022

15:55:54

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24

46.5900

XLON

656297452176004

16/11/2022

15:56:47

GMT

57

46.5900

XLON

656297452176122

16/11/2022

15:56:52

GMT

44

46.5900

XLON

656297452176155

16/11/2022

15:56:52

GMT

109

46.5900

XLON

656297452176154

16/11/2022

15:57:29

GMT

105

46.5900

XLON

656297452176310

16/11/2022

16:00:26

GMT

167

46.5700

XLON

656297452177007

16/11/2022

16:02:20

GMT

84

46.5500

XLON

656297452177847

16/11/2022

16:04:04

GMT

148

46.6000

XLON

656297452178525

16/11/2022

16:04:18

GMT

76

46.5900

XLON

656297452178580

16/11/2022

16:05:06

GMT

88

46.5700

XLON

656297452178854

16/11/2022

16:06:53

GMT

212

46.6000

XLON

656297452179466

16/11/2022

16:08:09

GMT

112

46.5800

XLON

656297452179850

16/11/2022

16:10:55

GMT

110

46.5400

XLON

656297452180579

16/11/2022

16:10:55

GMT

127

46.5400

XLON

656297452180578

16/11/2022

16:14:12

GMT

33

46.6200

XLON

656297452181834

16/11/2022

16:14:12

GMT

68

46.6200

XLON

656297452181833

16/11/2022

16:14:44

GMT

163

46.6200

XLON

656297452181983

16/11/2022

16:15:35

GMT

8

46.6200

XLON

656297452182163

16/11/2022

16:15:35

GMT

22

46.6200

XLON

656297452182156

16/11/2022

16:15:35

GMT

53

46.6200

XLON

656297452182155

16/11/2022

16:15:35

GMT

80

46.6200

XLON

656297452182162

16/11/2022

16:19:04

GMT

198

46.6100

XLON

656297452182952

16/11/2022

16:20:00

GMT

61

46.6300

XLON

656297452183567

16/11/2022

16:20:00

GMT

71

46.6300

XLON

656297452183566

16/11/2022

16:20:49

GMT

149

46.6400

XLON

656297452183902

16/11/2022

16:23:39

GMT

156

46.6300

XLON

656297452184595

16/11/2022

16:24:47

GMT

27

46.6300

XLON

656297452184970

16/11/2022

16:24:47

GMT

50

46.6300

XLON

656297452184971

16/11/2022

16:26:03

GMT

82

46.6400

XLON

656297452185469

16/11/2022

16:29:00

GMT

105

46.6500

XLON

656297452186180

16/11/2022

16:29:05

GMT

130

46.6500

XLON

656297452186200

16/11/2022

16:29:28

GMT

59

46.6400

XLON

656297452186292

16/11/2022

16:29:54

GMT

41

46.6300

XLON

656297452186481

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SOURCE: InterContinental Hotels Group PLC



View source version on accesswire.com:
https://www.accesswire.com/726437/InterContinental-Hotels-Group-PLC-Announces-Transaction-in-Own-Shares-Nov-17

FAQ

How many shares did IHG purchase on November 16, 2022?

IHG purchased 20,000 ordinary shares on November 16, 2022.

What was the average price paid for IHG shares in the buyback?

The average price paid for IHG shares in the buyback was £46.7881.

How does the share buyback affect IHG's total shares issued?

After the buyback, IHG has 175,506,955 ordinary shares in issue, excluding treasury shares.

When did IHG announce the share buyback?

IHG announced the share buyback on November 17, 2022.

What was the highest price paid per share in the IHG buyback?

The highest price paid per share in the IHG buyback was £47.3100.

InterContinental Hotels Group Plc

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