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

Rhea-AI Summary

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 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 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

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.