InterContinental Hotels Group PLC Announces Transaction in Own Shares - Jan 06

Rhea-AI Summary

On January 5, 2023, InterContinental Hotels Group purchased 14,599 ordinary shares through Goldman Sachs International on the London Stock Exchange. The shares were acquired at an average price of £49.8137, with a low of £49.4500 and a high of £50.0000. The company intends to cancel the purchased shares, reducing the total number of ordinary shares to 175,566,443 (excluding treasury shares). This buyback aligns with the authority granted at the Annual General Meeting on May 6, 2022, and is part of their strategy to enhance shareholder value.

Positive

• Completion of share buyback of 14,599 shares, signaling investor confidence.
• Reduction of total shares in circulation, potentially increasing earnings per share.

Negative

• None.

LONDON, UK / ACCESSWIRE / January 6, 2023 / The Company announces that on 05 January 2023 it purchased the following number of its ordinary shares of 20^340/399pence 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:	05 January 2023
Aggregate number of ordinary shares purchased:	14,599
Lowest price paid per share:	£ 49.4500
Highest price paid per share:	£ 50.0000
Average price paid per share:	£ 49.8137

The Company intends to cancel the purchased shares.

Following the above transaction, the Company has 175,566,443 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); Dan Winter (+44 (0)7423 793 352)

Schedule of Purchases

Shares purchased: 14,599 (ISIN: GB00BHJYC057)

Date of purchases: 05 January 2023

Investment firm: GSI

Aggregated information:

	London Stock Exchange	Cboe BXE	Cboe CXE	Turquoise
Number of ordinary shares purchased	14,599
Highest price paid (per ordinary share)	£ 50.0000
Lowest price paid (per ordinary share)	£ 49.4500
Volume weighted average price paid(per ordinary share)	£ 49.8137

Detailed information:

Transaction Date	Time	Time Zone	Volume	Price (GBP)	Trading Venue	Transaction ID
05/01/2023	09:42:27	GMT	74	49.5600	XLON	687221216650661
05/01/2023	09:43:54	GMT	67	49.5800	XLON	687221216650704
05/01/2023	09:56:13	GMT	88	49.6800	XLON	687221216651453
05/01/2023	09:57:03	GMT	64	49.7100	XLON	687221216651498
05/01/2023	09:57:34	GMT	59	49.7200	XLON	687221216651543
05/01/2023	09:57:54	GMT	71	49.7400	XLON	687221216651565
05/01/2023	09:59:37	GMT	62	49.7300	XLON	687221216651645
05/01/2023	10:01:29	GMT	63	49.7600	XLON	687221216651796
05/01/2023	10:04:09	GMT	56	49.7500	XLON	687221216652015
05/01/2023	10:06:59	GMT	80	49.7500	XLON	687221216652234
05/01/2023	10:07:35	GMT	67	49.7600	XLON	687221216652273
05/01/2023	10:10:12	GMT	71	49.7600	XLON	687221216652479
05/01/2023	10:13:03	GMT	63	49.7800	XLON	687221216652578
05/01/2023	10:15:51	GMT	86	49.7700	XLON	687221216652756
05/01/2023	10:18:09	GMT	76	49.8200	XLON	687221216652940
05/01/2023	10:21:59	GMT	74	49.8800	XLON	687221216653199
05/01/2023	10:26:20	GMT	117	49.8800	XLON	687221216653490
05/01/2023	10:30:19	GMT	61	49.8200	XLON	687221216653848
05/01/2023	10:32:09	GMT	68	49.7600	XLON	687221216653997
05/01/2023	10:36:40	GMT	10	49.6900	XLON	687221216654299
05/01/2023	10:36:40	GMT	17	49.6900	XLON	687221216654301
05/01/2023	10:36:40	GMT	30	49.6900	XLON	687221216654300
05/01/2023	10:43:01	GMT	110	49.6100	XLON	687221216654774
05/01/2023	10:48:40	GMT	110	49.5700	XLON	687221216655147
05/01/2023	10:56:25	GMT	57	49.4600	XLON	687221216655491
05/01/2023	11:00:07	GMT	89	49.4500	XLON	687221216655692
05/01/2023	11:06:42	GMT	126	49.4900	XLON	687221216656020
05/01/2023	11:18:02	GMT	234	49.6000	XLON	687221216656669
05/01/2023	11:21:42	GMT	79	49.5600	XLON	687221216656876
05/01/2023	11:31:36	GMT	79	49.5600	XLON	687221216657405
05/01/2023	11:34:02	GMT	34	49.5400	XLON	687221216657564
05/01/2023	11:34:02	GMT	40	49.5400	XLON	687221216657565
05/01/2023	11:38:55	GMT	64	49.5400	XLON	687221216657794
05/01/2023	11:43:53	GMT	2	49.5300	XLON	687221216658100
05/01/2023	11:44:45	GMT	78	49.5300	XLON	687221216658185
05/01/2023	11:49:11	GMT	76	49.6300	XLON	687221216658446
05/01/2023	11:54:16	GMT	115	49.6800	XLON	687221216658644
05/01/2023	12:01:01	GMT	155	49.6600	XLON	687221216659059
05/01/2023	12:08:29	GMT	79	49.7400	XLON	687221216659665
05/01/2023	12:10:31	GMT	128	49.7300	XLON	687221216659796
05/01/2023	12:20:18	GMT	80	49.7700	XLON	687221216660317
05/01/2023	12:20:18	GMT	88	49.7700	XLON	687221216660318
05/01/2023	12:26:10	GMT	90	49.7800	XLON	687221216660798
05/01/2023	12:27:29	GMT	66	49.7900	XLON	687221216660885
05/01/2023	12:30:21	GMT	99	49.8000	XLON	687221216661015
05/01/2023	12:35:19	GMT	17	49.8300	XLON	687221216661213
05/01/2023	12:35:19	GMT	85	49.8300	XLON	687221216661212
05/01/2023	12:39:26	GMT	60	49.8200	XLON	687221216661401
05/01/2023	12:44:11	GMT	24	49.8100	XLON	687221216661750
05/01/2023	12:44:28	GMT	110	49.8100	XLON	687221216661773
05/01/2023	12:48:20	GMT	68	49.7800	XLON	687221216662025
05/01/2023	12:51:51	GMT	57	49.7800	XLON	687221216662138
05/01/2023	12:55:32	GMT	30	49.7700	XLON	687221216662288
05/01/2023	12:57:43	GMT	71	49.7600	XLON	687221216662386
05/01/2023	13:02:56	GMT	80	49.7700	XLON	687221216662649
05/01/2023	13:06:02	GMT	64	49.7600	XLON	687221216662790
05/01/2023	13:08:26	GMT	70	49.7600	XLON	687221216662871
05/01/2023	13:14:52	GMT	93	49.7400	XLON	687221216663158
05/01/2023	13:15:00	GMT	97	49.6800	XLON	687221216663244
05/01/2023	13:15:01	GMT	96	49.6800	XLON	687221216663319
05/01/2023	13:19:00	GMT	67	49.7600	XLON	687221216664131
05/01/2023	13:25:01	GMT	127	49.7800	XLON	687221216665059
05/01/2023	13:29:26	GMT	86	49.7200	XLON	687221216665858
05/01/2023	13:29:41	GMT	63	49.7100	XLON	687221216665923
05/01/2023	13:30:04	GMT	132	49.6400	XLON	687221216666216
05/01/2023	13:35:19	GMT	65	49.6600	XLON	687221216667314
05/01/2023	13:37:11	GMT	81	49.6700	XLON	687221216667461
05/01/2023	13:38:06	GMT	5	49.6800	XLON	687221216667660
05/01/2023	13:38:06	GMT	76	49.6800	XLON	687221216667661
05/01/2023	13:40:57	GMT	120	49.7100	XLON	687221216667984
05/01/2023	13:42:19	GMT	98	49.7000	XLON	687221216668113
05/01/2023	13:45:05	GMT	55	49.6200	XLON	687221216668606
05/01/2023	13:45:05	GMT	88	49.6200	XLON	687221216668605
05/01/2023	13:47:33	GMT	57	49.6800	XLON	687221216668817
05/01/2023	13:50:42	GMT	25	49.7400	XLON	687221216669018
05/01/2023	13:50:42	GMT	103	49.7400	XLON	687221216669017
05/01/2023	13:54:04	GMT	76	49.7400	XLON	687221216669332
05/01/2023	13:55:00	GMT	102	49.7300	XLON	687221216669407
05/01/2023	13:58:02	GMT	5	49.7800	XLON	687221216669584
05/01/2023	13:58:02	GMT	82	49.7800	XLON	687221216669585
05/01/2023	13:59:03	GMT	58	49.7500	XLON	687221216669652
05/01/2023	14:01:59	GMT	56	49.8200	XLON	687221216669854
05/01/2023	14:01:59	GMT	87	49.8200	XLON	687221216669855
05/01/2023	14:05:05	GMT	16	49.7800	XLON	687221216670079
05/01/2023	14:05:05	GMT	41	49.7800	XLON	687221216670078
05/01/2023	14:07:42	GMT	70	49.7800	XLON	687221216670282
05/01/2023	14:08:24	GMT	89	49.7500	XLON	687221216670361
05/01/2023	14:11:27	GMT	92	49.7500	XLON	687221216670515
05/01/2023	14:12:52	GMT	78	49.7500	XLON	687221216670607
05/01/2023	14:18:04	GMT	50	49.8000	XLON	687221216670985
05/01/2023	14:18:04	GMT	61	49.8000	XLON	687221216670988
05/01/2023	14:18:04	GMT	92	49.8000	XLON	687221216670984
05/01/2023	14:19:09	GMT	58	49.7700	XLON	687221216671043
05/01/2023	14:23:01	GMT	168	49.8300	XLON	687221216671403
05/01/2023	14:24:54	GMT	135	49.8000	XLON	687221216671547
05/01/2023	14:27:30	GMT	51	49.8000	XLON	687221216671811
05/01/2023	14:27:30	GMT	55	49.8000	XLON	687221216671810
05/01/2023	14:29:12	GMT	3	49.7800	XLON	687221216671973
05/01/2023	14:29:12	GMT	87	49.7800	XLON	687221216671974
05/01/2023	14:30:19	GMT	69	49.8000	XLON	687221216672325
05/01/2023	14:30:43	GMT	11	49.7600	XLON	687221216672540
05/01/2023	14:30:43	GMT	28	49.7600	XLON	687221216672539
05/01/2023	14:30:43	GMT	46	49.7600	XLON	687221216672541
05/01/2023	14:31:28	GMT	34	49.7400	XLON	687221216672747
05/01/2023	14:31:28	GMT	52	49.7400	XLON	687221216672746
05/01/2023	14:32:43	GMT	71	49.7600	XLON	687221216673082
05/01/2023	14:33:07	GMT	71	49.7400	XLON	687221216673134
05/01/2023	14:33:48	GMT	65	49.7300	XLON	687221216673307
05/01/2023	14:34:11	GMT	11	49.7300	XLON	687221216673365
05/01/2023	14:34:11	GMT	89	49.7300	XLON	687221216673364
05/01/2023	14:35:29	GMT	16	49.7800	XLON	687221216673685
05/01/2023	14:35:29	GMT	148	49.7800	XLON	687221216673684
05/01/2023	14:37:08	GMT	153	49.8000	XLON	687221216674080
05/01/2023	14:37:19	GMT	11	49.8000	XLON	687221216674118
05/01/2023	14:37:19	GMT	58	49.8000	XLON	687221216674117
05/01/2023	14:38:25	GMT	57	49.8100	XLON	687221216674280
05/01/2023	14:38:32	GMT	60	49.8400	XLON	687221216674315
05/01/2023	14:38:46	GMT	80	49.8400	XLON	687221216674351
05/01/2023	14:38:57	GMT	18	49.8400	XLON	687221216674378
05/01/2023	14:38:57	GMT	38	49.8400	XLON	687221216674379
05/01/2023	14:39:42	GMT	18	49.8600	XLON	687221216674588
05/01/2023	14:39:59	GMT	48	49.8600	XLON	687221216674645
05/01/2023	14:40:01	GMT	49	49.8600	XLON	687221216674660
05/01/2023	14:40:01	GMT	62	49.8600	XLON	687221216674659
05/01/2023	14:40:25	GMT	66	49.8000	XLON	687221216674888
05/01/2023	14:41:38	GMT	15	49.7600	XLON	687221216675088
05/01/2023	14:41:38	GMT	138	49.7600	XLON	687221216675089
05/01/2023	14:42:14	GMT	57	49.7600	XLON	687221216675256
05/01/2023	14:42:49	GMT	32	49.7800	XLON	687221216675336
05/01/2023	14:42:49	GMT	47	49.7800	XLON	687221216675335
05/01/2023	14:43:26	GMT	59	49.7600	XLON	687221216675430
05/01/2023	14:45:00	GMT	54	49.8400	XLON	687221216675620
05/01/2023	14:45:00	GMT	188	49.8400	XLON	687221216675619
05/01/2023	14:45:40	GMT	87	49.8100	XLON	687221216675760
05/01/2023	14:46:41	GMT	30	49.7800	XLON	687221216675859
05/01/2023	14:46:41	GMT	88	49.7800	XLON	687221216675858
05/01/2023	14:47:06	GMT	20	49.7700	XLON	687221216675919
05/01/2023	14:47:06	GMT	46	49.7700	XLON	687221216675920
05/01/2023	14:47:40	GMT	108	49.7700	XLON	687221216676057
05/01/2023	14:49:40	GMT	34	49.8200	XLON	687221216676395
05/01/2023	14:49:40	GMT	62	49.8200	XLON	687221216676393
05/01/2023	14:49:40	GMT	67	49.8200	XLON	687221216676394
05/01/2023	14:49:40	GMT	104	49.8200	XLON	687221216676391
05/01/2023	14:50:38	GMT	87	49.8500	XLON	687221216676555
05/01/2023	14:52:09	GMT	127	49.8900	XLON	687221216676825
05/01/2023	14:52:45	GMT	154	49.9000	XLON	687221216676946
05/01/2023	14:53:05	GMT	64	49.9100	XLON	687221216676981
05/01/2023	14:54:03	GMT	86	49.9300	XLON	687221216677123
05/01/2023	14:54:03	GMT	61	49.9400	XLON	687221216677108
05/01/2023	14:54:43	GMT	67	49.9200	XLON	687221216677244
05/01/2023	14:58:08	GMT	27	50.0000	XLON	687221216677844
05/01/2023	14:58:08	GMT	67	50.0000	XLON	687221216677843
05/01/2023	14:58:08	GMT	264	50.0000	XLON	687221216677841
05/01/2023	15:00:00	GMT	25	49.9700	XLON	687221216678093
05/01/2023	15:00:00	GMT	43	49.9700	XLON	687221216678100
05/01/2023	15:00:00	GMT	58	49.9700	XLON	687221216678094
05/01/2023	15:00:00	GMT	106	49.9700	XLON	687221216678099
05/01/2023	15:02:05	GMT	57	49.9900	XLON	687221216678522
05/01/2023	15:02:05	GMT	58	49.9900	XLON	687221216678521
05/01/2023	15:02:05	GMT	125	49.9900	XLON	687221216678523
05/01/2023	15:02:35	GMT	56	50.0000	XLON	687221216678594
05/01/2023	15:03:30	GMT	65	50.0000	XLON	687221216678697
05/01/2023	15:05:32	GMT	77	50.0000	XLON	687221216678902
05/01/2023	15:05:32	GMT	161	50.0000	XLON	687221216678903
05/01/2023	15:05:50	GMT	64	50.0000	XLON	687221216678971
05/01/2023	16:02:48	GMT	59	50.0000	XLON	687221216688312
05/01/2023	16:14:40	GMT	111	50.0000	XLON	687221216690176
05/01/2023	16:14:46	GMT	90	50.0000	XLON	687221216690213
05/01/2023	16:19:20	GMT	21	50.0000	XLON	687221216690968
05/01/2023	16:19:20	GMT	90	50.0000	XLON	687221216690969
05/01/2023	16:19:22	GMT	34	49.9900	XLON	687221216691010
05/01/2023	16:19:22	GMT	34	49.9900	XLON	687221216691015
05/01/2023	16:19:22	GMT	36	49.9900	XLON	687221216691014
05/01/2023	16:19:22	GMT	37	49.9900	XLON	687221216691004
05/01/2023	16:19:22	GMT	40	49.9900	XLON	687221216691011
05/01/2023	16:19:22	GMT	46	49.9900	XLON	687221216691017
05/01/2023	16:19:22	GMT	74	49.9900	XLON	687221216691003
05/01/2023	16:19:22	GMT	74	49.9900	XLON	687221216691016
05/01/2023	16:19:22	GMT	253	49.9900	XLON	687221216691013
05/01/2023	16:19:22	GMT	111	50.0000	XLON	687221216691001
05/01/2023	16:19:23	GMT	68	49.9900	XLON	687221216691019
05/01/2023	16:19:27	GMT	63	49.9800	XLON	687221216691026
05/01/2023	16:21:37	GMT	116	50.0000	XLON	687221216691640
05/01/2023	16:21:37	GMT	241	50.0000	XLON	687221216691625
05/01/2023	16:21:41	GMT	4	50.0000	XLON	687221216691695
05/01/2023	16:21:41	GMT	43	50.0000	XLON	687221216691693
05/01/2023	16:21:41	GMT	74	50.0000	XLON	687221216691694
05/01/2023	16:21:41	GMT	120	50.0000	XLON	687221216691692
05/01/2023	16:21:41	GMT	125	50.0000	XLON	687221216691685
05/01/2023	16:29:04	GMT	28	50.0000	XLON	687221216693271
05/01/2023	16:29:04	GMT	28	50.0000	XLON	687221216693283
05/01/2023	16:29:04	GMT	48	50.0000	XLON	687221216693285
05/01/2023	16:29:04	GMT	73	50.0000	XLON	687221216693280
05/01/2023	16:29:04	GMT	74	50.0000	XLON	687221216693281
05/01/2023	16:29:04	GMT	75	50.0000	XLON	687221216693284
05/01/2023	16:29:04	GMT	88	50.0000	XLON	687221216693273
05/01/2023	16:29:04	GMT	119	50.0000	XLON	687221216693282
05/01/2023	16:29:04	GMT	125	50.0000	XLON	687221216693272
05/01/2023	16:29:56	GMT	29	50.0000	XLON	687221216693539

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SOURCE: InterContinental Hotels Group PLC

View source version on accesswire.com:
https://www.accesswire.com/734287/InterContinental-Hotels-Group-PLC-Announces-Transaction-in-Own-Shares--Jan-06

FAQ

What was the purpose of IHG's share buyback on January 5, 2023?

The share buyback aimed to enhance shareholder value by reducing the number of ordinary shares in circulation.

How many shares did IHG purchase on January 5, 2023?

IHG purchased 14,599 ordinary shares on January 5, 2023.

What was the average price paid by IHG for the shares bought back?

IHG paid an average price of £49.8137 per share during the buyback.

What will happen to the shares IHG purchased on January 5, 2023?

IHG intends to cancel the purchased shares, reducing the total shares outstanding.

Where were IHG's shares purchased?

The shares were purchased on the London Stock Exchange.