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InterContinental Hotels Group PLC Announces Transaction in Own Shares – June 21

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On June 21, 2024, InterContinental Hotels Group (IHG) announced the repurchase of 16,471 of its ordinary shares on June 20, 2024, through Goldman Sachs International. The shares were bought at an average price of £82.7845 per share, with prices ranging from £82.22 to £83.06. The repurchase was authorized during the Annual General Meeting held on May 3, 2024, and was part of a buyback program initiated on February 20, 2024. Following this transaction, IHG now has 161,687,045 ordinary shares outstanding, excluding 7,006,782 shares held in treasury. The company plans to cancel the repurchased shares. For more details, investors can contact Stuart Ford or Aleksandar Milenkovic from Investor Relations, and Mike Ward from Media Relations.

Positive
  • Repurchase of 16,471 ordinary shares.
  • Average repurchase price of £82.7845 per share.
  • The repurchase authorization was approved during the Annual General Meeting on May 3, 2024.
Negative
  • The repurchase will lead to a reduction of shares in circulation, which could affect liquidity.

LONDON, UNITED KINGDOM / ACCESSWIRE / June 21, 2024 / The Company announces that on 20 June 2024 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 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:20 June 2024
Aggregate number of ordinary shares purchased:16,471
Lowest price paid per share:£ 82.2200
Highest price paid per share:£ 83.0600
Average price paid per share:£ 82.7845

The Company intends to cancel the purchased shares.

Following the above transaction, the Company has 161,687,045 ordinary shares in issue (excluding 7,006,782 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: Mike Ward (+44 (0)7795 257 407)

Schedule of Purchases

Shares purchased: 16,471 (ISIN: GB00BHJYC057)

Date of purchases: 20 June 2024

Investment firm: GSI

Aggregated information:

London Stock Exchange

Cboe BXE

Cboe CXE

Turquoise

Number of ordinary shares purchased

16,471

Highest price paid (per ordinary share)

£ 83.0600

Lowest price paid (per ordinary share)

£ 82.2200

Volume weighted average price paid(per ordinary share)

£ 82.7845

Detailed information:

Transaction Date

Time

Time Zone

Volume

Price (GBP)

Trading Venue

Transaction ID

20/06/2024

09:41:00

BST

84

82.5600

XLON

1016224301452160

20/06/2024

09:41:26

BST

84

82.5200

XLON

1016224301452201

20/06/2024

09:43:43

BST

84

82.5000

XLON

1016224301452276

20/06/2024

09:44:28

BST

84

82.5000

XLON

1016224301452317

20/06/2024

09:44:50

BST

34

82.4600

XLON

1016224301452325

20/06/2024

10:10:21

BST

42

82.6800

XLON

1016224301455006

20/06/2024

10:10:24

BST

40

82.6200

XLON

1016224301455017

20/06/2024

10:12:19

BST

39

82.5400

XLON

1016224301455126

20/06/2024

10:12:58

BST

38

82.5600

XLON

1016224301455153

20/06/2024

10:15:02

BST

42

82.5200

XLON

1016224301455457

20/06/2024

10:26:26

BST

74

82.4400

XLON

1016224301456013

20/06/2024

10:26:34

BST

39

82.3800

XLON

1016224301456019

20/06/2024

10:29:34

BST

40

82.3600

XLON

1016224301456156

20/06/2024

10:33:01

BST

59

82.3800

XLON

1016224301456343

20/06/2024

10:46:03

BST

72

82.4200

XLON

1016224301456962

20/06/2024

10:46:55

BST

59

82.3800

XLON

1016224301456991

20/06/2024

10:49:20

BST

59

82.3400

XLON

1016224301457054

20/06/2024

10:49:53

BST

54

82.3200

XLON

1016224301457069

20/06/2024

10:51:08

BST

48

82.3400

XLON

1016224301457118

20/06/2024

10:55:55

BST

45

82.3200

XLON

1016224301457228

20/06/2024

10:58:51

BST

62

82.2800

XLON

1016224301457389

20/06/2024

11:00:16

BST

59

82.3400

XLON

1016224301457459

20/06/2024

11:04:37

BST

59

82.3000

XLON

1016224301457656

20/06/2024

11:11:42

BST

50

82.3400

XLON

1016224301458489

20/06/2024

11:12:13

BST

48

82.3600

XLON

1016224301458519

20/06/2024

11:12:38

BST

48

82.3600

XLON

1016224301458541

20/06/2024

11:14:08

BST

40

82.3000

XLON

1016224301458608

20/06/2024

11:14:08

BST

7

82.3000

XLON

1016224301458609

20/06/2024

11:17:03

BST

3

82.2400

XLON

1016224301458731

20/06/2024

11:17:03

BST

1

82.2400

XLON

1016224301458732

20/06/2024

11:17:03

BST

35

82.2400

XLON

1016224301458733

20/06/2024

11:20:38

BST

37

82.2200

XLON

1016224301458860

20/06/2024

11:26:40

BST

43

82.4000

XLON

1016224301459068

20/06/2024

11:28:56

BST

84

82.4800

XLON

1016224301459164

20/06/2024

11:32:06

BST

65

82.4200

XLON

1016224301459752

20/06/2024

11:32:06

BST

19

82.4200

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FAQ

What was the date of InterContinental Hotels Group’s share repurchase?

The share repurchase took place on June 20, 2024.

How many shares did InterContinental Hotels Group repurchase on June 20, 2024?

InterContinental Hotels Group repurchased 16,471 of its ordinary shares on June 20, 2024.

What was the average price paid per share by InterContinental Hotels Group during the repurchase?

The average price paid per share was £82.7845.

Will InterContinental Hotels Group cancel the repurchased shares?

Yes, InterContinental Hotels Group intends to cancel the repurchased shares.

What is the stock symbol for InterContinental Hotels Group?

The stock symbol for InterContinental Hotels Group is IHG.

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InterContinental Hotels Group PLC

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