InterContinental Hotels Group PLC Announces Transaction in Own Shares - Jan 11

Rhea-AI Summary

InterContinental Hotels Group PLC announced the purchase of 20,000 ordinary shares on January 10, 2023, at an average price of £51.8226. The shares were acquired through Goldman Sachs International on the London Stock Exchange. Following this transaction, the total number of ordinary shares in circulation is 175,532,549, excluding treasury shares. The company plans to cancel the purchased shares to reduce the total share count, enhancing shareholder value as authorized by shareholders at the Annual General Meeting on May 6, 2022.

Positive

• Share buyback reduces total shares outstanding, potentially boosting EPS.
• Purchase aligns with shareholder authority, indicating strong governance.

Negative

• None.

Purchase of own shares

LONDON, UK / ACCESSWIRE / January 11, 2023 / InterContinental Hotels Group PLC (the Company) announces that on 10 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:	10 January 2023
Aggregate number of ordinary shares purchased:	20,000
Lowest price paid per share:	£ 51.3600
Highest price paid per share:	£ 52.1200
Average price paid per share:	£ 51.8226

The Company intends to cancel the purchased shares.

Following the above transaction, the Company has 175,532,549 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: 20,000 (ISIN: GB00BHJYC057)

Date of purchases: 10 January 2023

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)	£ 52.1200
Lowest price paid (per ordinary share)	£ 51.3600
Volume weighted average price paid(per ordinary share)	£ 51.8226

Detailed information:

Transaction Date	Time	Time Zone	Volume	Price (GBP)	Trading Venue	Transaction ID
10/01/2023	08:01:23	GMT	130	51.5800	XLON	690313593095617
10/01/2023	08:05:02	GMT	133	51.5600	XLON	690313593096188
10/01/2023	08:09:56	GMT	145	51.7600	XLON	690313593096830
10/01/2023	08:11:08	GMT	56	51.6800	XLON	690313593096927
10/01/2023	08:12:42	GMT	57	51.6800	XLON	690313593097070
10/01/2023	08:15:49	GMT	22	51.6200	XLON	690313593097250
10/01/2023	08:15:49	GMT	39	51.6200	XLON	690313593097251
10/01/2023	08:17:02	GMT	58	51.6200	XLON	690313593097324
10/01/2023	08:18:28	GMT	63	51.5800	XLON	690313593097431
10/01/2023	08:23:50	GMT	166	51.5800	XLON	690313593097908
10/01/2023	08:31:44	GMT	171	51.6800	XLON	690313593098554
10/01/2023	08:32:23	GMT	57	51.6800	XLON	690313593098653
10/01/2023	08:35:05	GMT	73	51.6800	XLON	690313593098899
10/01/2023	08:39:52	GMT	20	51.7200	XLON	690313593099366
10/01/2023	08:39:52	GMT	57	51.7200	XLON	690313593099365
10/01/2023	08:40:27	GMT	94	51.7200	XLON	690313593099396
10/01/2023	08:42:56	GMT	59	51.6600	XLON	690313593099592
10/01/2023	08:48:40	GMT	86	51.5600	XLON	690313593099973
10/01/2023	08:53:33	GMT	63	51.5800	XLON	690313593100485
10/01/2023	08:57:55	GMT	79	51.5400	XLON	690313593101197
10/01/2023	09:04:30	GMT	57	51.5200	XLON	690313593101912
10/01/2023	09:12:02	GMT	151	51.5800	XLON	690313593102818
10/01/2023	09:19:12	GMT	155	51.5400	XLON	690313593103499
10/01/2023	09:29:28	GMT	67	51.4800	XLON	690313593104236
10/01/2023	09:35:51	GMT	96	51.5400	XLON	690313593104722
10/01/2023	09:43:44	GMT	41	51.5600	XLON	690313593105363
10/01/2023	09:43:44	GMT	50	51.5600	XLON	690313593105362
10/01/2023	09:45:30	GMT	85	51.5600	XLON	690313593105505
10/01/2023	09:52:18	GMT	59	51.5000	XLON	690313593106087
10/01/2023	09:58:18	GMT	40	51.5200	XLON	690313593106308
10/01/2023	09:58:18	GMT	82	51.5200	XLON	690313593106309
10/01/2023	10:02:52	GMT	67	51.4800	XLON	690313593106644
10/01/2023	10:02:52	GMT	74	51.4800	XLON	690313593106648
10/01/2023	10:21:03	GMT	208	51.5000	XLON	690313593107664
10/01/2023	10:25:21	GMT	57	51.5400	XLON	690313593107885
10/01/2023	10:25:21	GMT	64	51.5400	XLON	690313593107882
10/01/2023	10:25:21	GMT	64	51.5400	XLON	690313593107884
10/01/2023	10:25:21	GMT	80	51.5400	XLON	690313593107883
10/01/2023	10:28:12	GMT	4	51.5400	XLON	690313593108078
10/01/2023	10:28:12	GMT	69	51.5400	XLON	690313593108077
10/01/2023	10:33:45	GMT	13	51.5400	XLON	690313593108382
10/01/2023	10:33:45	GMT	157	51.5400	XLON	690313593108381
10/01/2023	10:39:20	GMT	2	51.5400	XLON	690313593108710
10/01/2023	10:39:20	GMT	60	51.5400	XLON	690313593108707
10/01/2023	10:39:20	GMT	64	51.5400	XLON	690313593108709
10/01/2023	10:51:30	GMT	2	51.4800	XLON	690313593109418
10/01/2023	10:51:30	GMT	42	51.4800	XLON	690313593109419
10/01/2023	10:51:30	GMT	215	51.4800	XLON	690313593109420
10/01/2023	10:57:52	GMT	56	51.4000	XLON	690313593109753
10/01/2023	11:10:52	GMT	155	51.3800	XLON	690313593110464
10/01/2023	11:14:27	GMT	116	51.4200	XLON	690313593110674
10/01/2023	11:19:27	GMT	1	51.4200	XLON	690313593110893
10/01/2023	11:20:28	GMT	4	51.4200	XLON	690313593110930
10/01/2023	11:25:47	GMT	23	51.4600	XLON	690313593111166
10/01/2023	11:28:36	GMT	70	51.4800	XLON	690313593111289
10/01/2023	11:33:27	GMT	258	51.4600	XLON	690313593111603
10/01/2023	11:40:14	GMT	26	51.4600	XLON	690313593111910
10/01/2023	11:40:14	GMT	67	51.4600	XLON	690313593111911
10/01/2023	11:52:41	GMT	58	51.4400	XLON	690313593112612
10/01/2023	11:56:21	GMT	182	51.4200	XLON	690313593112895
10/01/2023	11:58:56	GMT	95	51.4200	XLON	690313593113081
10/01/2023	12:01:05	GMT	57	51.4000	XLON	690313593113200
10/01/2023	12:15:43	GMT	97	51.4600	XLON	690313593113944
10/01/2023	12:16:43	GMT	57	51.4600	XLON	690313593113984
10/01/2023	12:17:22	GMT	75	51.4400	XLON	690313593114023
10/01/2023	12:17:22	GMT	98	51.4400	XLON	690313593114029
10/01/2023	12:24:14	GMT	82	51.4400	XLON	690313593114319
10/01/2023	12:24:14	GMT	88	51.4400	XLON	690313593114318
10/01/2023	12:33:39	GMT	177	51.3800	XLON	690313593114723
10/01/2023	12:39:18	GMT	75	51.3600	XLON	690313593114997
10/01/2023	12:44:49	GMT	91	51.4000	XLON	690313593115305
10/01/2023	12:44:49	GMT	138	51.4000	XLON	690313593115304
10/01/2023	12:53:27	GMT	204	51.4000	XLON	690313593115783
10/01/2023	13:00:57	GMT	146	51.4800	XLON	690313593116206
10/01/2023	13:07:55	GMT	90	51.4800	XLON	690313593116681
10/01/2023	13:15:59	GMT	38	51.4600	XLON	690313593117247
10/01/2023	13:15:59	GMT	82	51.4600	XLON	690313593117246
10/01/2023	13:22:48	GMT	86	51.6400	XLON	690313593117715
10/01/2023	13:29:20	GMT	109	51.6400	XLON	690313593118117
10/01/2023	13:29:20	GMT	156	51.6400	XLON	690313593118118
10/01/2023	13:44:25	GMT	120	51.7400	XLON	690313593119435
10/01/2023	13:44:25	GMT	121	51.7400	XLON	690313593119436
10/01/2023	13:46:56	GMT	276	51.7200	XLON	690313593119591
10/01/2023	13:46:57	GMT	278	51.7200	XLON	690313593119599
10/01/2023	13:46:58	GMT	80	51.7200	XLON	690313593119604
10/01/2023	13:48:30	GMT	66	51.7600	XLON	690313593119730
10/01/2023	13:51:30	GMT	57	51.7800	XLON	690313593119886
10/01/2023	13:51:30	GMT	66	51.7800	XLON	690313593119890
10/01/2023	13:56:25	GMT	9	51.8400	XLON	690313593120195
10/01/2023	13:56:25	GMT	80	51.8400	XLON	690313593120189
10/01/2023	13:56:25	GMT	80	51.8400	XLON	690313593120194
10/01/2023	14:01:16	GMT	96	51.8400	XLON	690313593120746
10/01/2023	14:07:28	GMT	58	51.9600	XLON	690313593121215
10/01/2023	14:08:01	GMT	170	51.9600	XLON	690313593121272
10/01/2023	14:09:50	GMT	79	51.9800	XLON	690313593121364
10/01/2023	14:16:13	GMT	56	51.9400	XLON	690313593121921
10/01/2023	14:17:00	GMT	60	51.9200	XLON	690313593121979
10/01/2023	14:17:00	GMT	160	51.9200	XLON	690313593121978
10/01/2023	14:18:56	GMT	123	51.9200	XLON	690313593122158
10/01/2023	14:21:07	GMT	57	51.9600	XLON	690313593122472
10/01/2023	14:27:41	GMT	171	52.0000	XLON	690313593123063
10/01/2023	14:28:30	GMT	92	52.0400	XLON	690313593123178
10/01/2023	14:30:54	GMT	182	52.0200	XLON	690313593123654
10/01/2023	14:31:32	GMT	44	52.0200	XLON	690313593123893
10/01/2023	14:31:37	GMT	36	52.0200	XLON	690313593123919
10/01/2023	14:31:37	GMT	62	52.0200	XLON	690313593123923
10/01/2023	14:32:48	GMT	111	52.0400	XLON	690313593124312
10/01/2023	14:33:57	GMT	73	52.0600	XLON	690313593124562
10/01/2023	14:35:13	GMT	133	52.1200	XLON	690313593125003
10/01/2023	14:35:39	GMT	97	52.1200	XLON	690313593125168
10/01/2023	14:36:40	GMT	58	52.1000	XLON	690313593125428
10/01/2023	14:37:00	GMT	63	52.1000	XLON	690313593125494
10/01/2023	14:38:17	GMT	169	52.1000	XLON	690313593125676
10/01/2023	14:39:08	GMT	27	52.0600	XLON	690313593125838
10/01/2023	14:39:08	GMT	100	52.0600	XLON	690313593125837
10/01/2023	14:41:01	GMT	5	52.0600	XLON	690313593126044
10/01/2023	14:41:01	GMT	77	52.0600	XLON	690313593126045
10/01/2023	14:41:10	GMT	56	52.0400	XLON	690313593126130
10/01/2023	14:41:10	GMT	150	52.0400	XLON	690313593126131
10/01/2023	14:42:52	GMT	82	52.0400	XLON	690313593126384
10/01/2023	14:42:55	GMT	77	52.0400	XLON	690313593126393
10/01/2023	14:43:23	GMT	72	52.0400	XLON	690313593126473
10/01/2023	14:45:03	GMT	90	52.0200	XLON	690313593126819
10/01/2023	14:45:03	GMT	112	52.0200	XLON	690313593126820
10/01/2023	14:45:44	GMT	121	52.0000	XLON	690313593127017
10/01/2023	14:48:05	GMT	254	51.9400	XLON	690313593127514
10/01/2023	14:50:56	GMT	57	51.9400	XLON	690313593127955
10/01/2023	14:51:10	GMT	273	51.9400	XLON	690313593128056
10/01/2023	14:52:35	GMT	59	51.9600	XLON	690313593128313
10/01/2023	14:53:21	GMT	75	51.9800	XLON	690313593128459
10/01/2023	14:55:04	GMT	43	52.0400	XLON	690313593128795
10/01/2023	14:55:04	GMT	64	52.0400	XLON	690313593128794
10/01/2023	14:55:04	GMT	80	52.0400	XLON	690313593128792
10/01/2023	14:55:04	GMT	111	52.0400	XLON	690313593128793
10/01/2023	14:56:57	GMT	116	52.0600	XLON	690313593129081
10/01/2023	14:59:00	GMT	88	52.0400	XLON	690313593129393
10/01/2023	15:00:23	GMT	57	52.0200	XLON	690313593129572
10/01/2023	15:01:10	GMT	7	52.0000	XLON	690313593129684
10/01/2023	15:01:10	GMT	54	52.0000	XLON	690313593129682
10/01/2023	15:01:10	GMT	199	52.0000	XLON	690313593129683
10/01/2023	15:01:58	GMT	113	52.0000	XLON	690313593129750
10/01/2023	15:02:31	GMT	73	52.0200	XLON	690313593129822
10/01/2023	15:04:37	GMT	195	52.0200	XLON	690313593130134
10/01/2023	15:05:41	GMT	1	52.0000	XLON	690313593130331
10/01/2023	15:05:41	GMT	18	52.0000	XLON	690313593130330
10/01/2023	15:05:41	GMT	73	52.0000	XLON	690313593130332
10/01/2023	15:08:11	GMT	7	52.0000	XLON	690313593130598
10/01/2023	15:08:11	GMT	22	52.0000	XLON	690313593130597
10/01/2023	15:08:11	GMT	28	52.0000	XLON	690313593130599
10/01/2023	15:08:45	GMT	3	52.0000	XLON	690313593130663
10/01/2023	15:08:45	GMT	54	52.0000	XLON	690313593130662
10/01/2023	15:09:19	GMT	6	52.0000	XLON	690313593130737
10/01/2023	15:09:19	GMT	8	52.0000	XLON	690313593130736
10/01/2023	15:09:19	GMT	20	52.0000	XLON	690313593130739
10/01/2023	15:09:19	GMT	23	52.0000	XLON	690313593130738
10/01/2023	15:09:52	GMT	8	52.0000	XLON	690313593130856
10/01/2023	15:09:52	GMT	13	52.0000	XLON	690313593130857
10/01/2023	15:09:52	GMT	35	52.0000	XLON	690313593130855
10/01/2023	15:10:07	GMT	61	51.9800	XLON	690313593130910
10/01/2023	15:10:07	GMT	134	51.9800	XLON	690313593130891
10/01/2023	15:11:13	GMT	91	51.9800	XLON	690313593131063
10/01/2023	15:12:31	GMT	218	52.0000	XLON	690313593131296
10/01/2023	15:18:30	GMT	44	52.0000	XLON	690313593132083
10/01/2023	15:20:22	GMT	60	52.0200	XLON	690313593132323
10/01/2023	15:20:22	GMT	63	52.0200	XLON	690313593132324
10/01/2023	15:20:22	GMT	63	52.0200	XLON	690313593132325
10/01/2023	15:20:22	GMT	69	52.0200	XLON	690313593132326
10/01/2023	15:20:22	GMT	247	52.0200	XLON	690313593132321
10/01/2023	15:20:23	GMT	3	52.0200	XLON	690313593132327
10/01/2023	15:20:26	GMT	59	52.0200	XLON	690313593132332
10/01/2023	15:20:26	GMT	100	52.0200	XLON	690313593132331
10/01/2023	15:22:39	GMT	25	51.9800	XLON	690313593132647
10/01/2023	15:22:39	GMT	71	51.9800	XLON	690313593132652
10/01/2023	15:22:39	GMT	108	51.9800	XLON	690313593132646
10/01/2023	15:24:27	GMT	82	51.9200	XLON	690313593132917
10/01/2023	15:24:30	GMT	60	51.9200	XLON	690313593132929
10/01/2023	15:27:22	GMT	47	51.9400	XLON	690313593133258
10/01/2023	15:27:22	GMT	61	51.9400	XLON	690313593133254
10/01/2023	15:27:22	GMT	63	51.9400	XLON	690313593133257
10/01/2023	15:29:15	GMT	151	51.9600	XLON	690313593133659
10/01/2023	15:30:17	GMT	69	51.9800	XLON	690313593133854
10/01/2023	15:31:17	GMT	23	51.9400	XLON	690313593134043
10/01/2023	15:31:17	GMT	89	51.9400	XLON	690313593134044
10/01/2023	15:32:11	GMT	77	51.9000	XLON	690313593134214
10/01/2023	15:33:17	GMT	6	51.8800	XLON	690313593134331
10/01/2023	15:33:17	GMT	99	51.8800	XLON	690313593134330
10/01/2023	15:34:20	GMT	56	51.8800	XLON	690313593134477
10/01/2023	15:35:33	GMT	78	51.8800	XLON	690313593134644
10/01/2023	15:37:23	GMT	110	51.9000	XLON	690313593134932
10/01/2023	15:39:54	GMT	22	51.9400	XLON	690313593135224
10/01/2023	15:39:54	GMT	58	51.9400	XLON	690313593135225
10/01/2023	15:40:22	GMT	129	51.9400	XLON	690313593135294
10/01/2023	15:45:00	GMT	54	51.9000	XLON	690313593135973
10/01/2023	15:45:54	GMT	143	51.9200	XLON	690313593136215
10/01/2023	15:45:54	GMT	264	51.9200	XLON	690313593136214
10/01/2023	15:47:14	GMT	60	51.9200	XLON	690313593136446
10/01/2023	15:49:15	GMT	100	51.9000	XLON	690313593136833
10/01/2023	15:49:52	GMT	11	51.9200	XLON	690313593136953
10/01/2023	15:49:52	GMT	78	51.9200	XLON	690313593136954
10/01/2023	15:50:52	GMT	1	51.9200	XLON	690313593137254
10/01/2023	15:50:52	GMT	42	51.9200	XLON	690313593137253
10/01/2023	15:52:10	GMT	87	51.9400	XLON	690313593137483
10/01/2023	15:52:36	GMT	64	51.9400	XLON	690313593137538
10/01/2023	15:57:10	GMT	89	52.0200	XLON	690313593138374
10/01/2023	15:57:10	GMT	107	52.0200	XLON	690313593138379
10/01/2023	15:57:18	GMT	88	52.0200	XLON	690313593138403
10/01/2023	16:00:08	GMT	1	52.0400	XLON	690313593138921
10/01/2023	16:00:08	GMT	20	52.0400	XLON	690313593138920
10/01/2023	16:00:08	GMT	36	52.0400	XLON	690313593138919
10/01/2023	16:00:47	GMT	5	52.0400	XLON	690313593138993
10/01/2023	16:00:51	GMT	7	52.0400	XLON	690313593139002
10/01/2023	16:00:56	GMT	60	52.0400	XLON	690313593139003
10/01/2023	16:01:28	GMT	97	52.0400	XLON	690313593139109
10/01/2023	16:01:28	GMT	149	52.0400	XLON	690313593139108
10/01/2023	16:02:33	GMT	8	52.0600	XLON	690313593139266
10/01/2023	16:02:33	GMT	57	52.0600	XLON	690313593139267
10/01/2023	16:02:49	GMT	62	52.0600	XLON	690313593139295
10/01/2023	16:05:21	GMT	5	52.0200	XLON	690313593139594
10/01/2023	16:05:21	GMT	71	52.0200	XLON	690313593139592
10/01/2023	16:05:21	GMT	80	52.0200	XLON	690313593139593
10/01/2023	16:05:21	GMT	59	52.0400	XLON	690313593139579
10/01/2023	16:09:00	GMT	19	52.0200	XLON	690313593140171
10/01/2023	16:09:00	GMT	74	52.0200	XLON	690313593140169
10/01/2023	16:09:00	GMT	80	52.0200	XLON	690313593140170
10/01/2023	16:09:00	GMT	141	52.0200	XLON	690313593140160
10/01/2023	16:09:49	GMT	60	52.0400	XLON	690313593140381
10/01/2023	16:13:03	GMT	63	52.0400	XLON	690313593140866
10/01/2023	16:14:25	GMT	56	52.0800	XLON	690313593141106
10/01/2023	16:15:23	GMT	232	52.0800	XLON	690313593141244
10/01/2023	16:15:24	GMT	115	52.0800	XLON	690313593141256
10/01/2023	16:16:11	GMT	66	52.0600	XLON	690313593141394
10/01/2023	16:18:40	GMT	146	51.9800	XLON	690313593141760
10/01/2023	16:20:52	GMT	155	52.0600	XLON	690313593142276
10/01/2023	16:21:04	GMT	75	52.0600	XLON	690313593142338
10/01/2023	16:22:59	GMT	1	52.0800	XLON	690313593142893
10/01/2023	16:22:59	GMT	63	52.0800	XLON	690313593142894
10/01/2023	16:23:54	GMT	41	52.0800	XLON	690313593143108
10/01/2023	16:24:16	GMT	1	52.0800	XLON	690313593143160
10/01/2023	16:24:31	GMT	1	52.0800	XLON	690313593143277
10/01/2023	16:24:46	GMT	1	52.0800	XLON	690313593143319
10/01/2023	16:25:00	GMT	1	52.0800	XLON	690313593143334
10/01/2023	16:25:08	GMT	1	52.0800	XLON	690313593143386
10/01/2023	16:25:16	GMT	1	52.0800	XLON	690313593143448
10/01/2023	16:25:26	GMT	1	52.0800	XLON	690313593143509
10/01/2023	16:25:30	GMT	108	52.0800	XLON	690313593143522
10/01/2023	16:25:52	GMT	167	52.0800	XLON	690313593143685
10/01/2023	16:26:40	GMT	71	52.0800	XLON	690313593143994
10/01/2023	16:28:39	GMT	30	52.1200	XLON	690313593144801
10/01/2023	16:29:21	GMT	171	52.1200	XLON	690313593145076
10/01/2023	16:29:39	GMT	59	52.1200	XLON	690313593145169

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SOURCE: InterContinental Hotels Group PLC

View source version on accesswire.com:
https://www.accesswire.com/734791/InterContinental-Hotels-Group-PLC-Announces-Transaction-in-Own-Shares--Jan-11

FAQ

What was the purpose of the InterContinental Hotels Group's share purchase on January 10, 2023?

The share purchase aimed to reduce the total number of shares outstanding, potentially increasing earnings per share (EPS) and enhancing shareholder value.

How many shares did InterContinental Hotels Group buy on January 10, 2023?

InterContinental Hotels Group bought 20,000 ordinary shares on January 10, 2023.

What was the average price paid for the shares purchased by InterContinental Hotels Group?

The average price paid for the shares was £51.8226.

What is the stock symbol for InterContinental Hotels Group?

The stock symbol for InterContinental Hotels Group is IHG.

How many ordinary shares are outstanding after the recent purchase by InterContinental Hotels Group?

After the recent purchase, there are 175,532,549 ordinary shares outstanding.