InterContinental Hotels Group PLC Announces Transaction in Own Shares - May 8

Rhea-AI Summary

InterContinental Hotels Group PLC announced the purchase of its ordinary shares through Goldman Sachs International on the London Stock Exchange. The company bought 40,000 shares at prices ranging from £78.8400 to £79.9000 per share, with an average price of £79.2979. The purchased shares will be canceled, leaving the company with 162,862,823 ordinary shares in circulation. The transaction was made in accordance with the authority granted by shareholders at the Annual General Meeting on 3 May 2024.

Purchase of own shares

LONDON, UK / ACCESSWIRE / May 8, 2024 / The Company announces that on 07 May 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:	07 May 2024
Aggregate number of ordinary shares purchased:	40,000
Lowest price paid per share:	£ 78.8400
Highest price paid per share:	£ 79.9000
Average price paid per share:	£ 79.2979

The Company intends to cancel the purchased shares.

Following the above transaction, the Company has 162,862,823 ordinary shares in issue (excluding 7,006,782 held in treasury).

A full breakdown of the individual purchases by GSI is included below.

http://www.rns-pdf.londonstockexchange.com/rns/5060N_1-2024-5-7.pdf

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: 40,000 (ISIN: GB00BHJYC057)

Date of purchases: 07 May 2024

Investment firm: GSI

Aggregated information:

	London Stock Exchange	Cboe BXE	Cboe CXE	Turquoise
Number of ordinary shares purchased	40,000
Highest price paid (per ordinary share)	£ 79.9000
Lowest price paid (per ordinary share)	£ 78.8400
Volume weighted average price paid(per ordinary share)	£ 79.2979

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: InterContinental Hotels Group PLC

View the original press release on accesswire.com

FAQ

What did InterContinental Hotels Group PLC announce on May 8, 2024?

InterContinental Hotels Group PLC announced the purchase of its own shares through Goldman Sachs International on the London Stock Exchange.

How many shares did the company buy on May 7, 2024?

The company purchased 40,000 of its ordinary shares on May 7, 2024.

At what prices were the shares bought?

The shares were bought at prices ranging from £78.8400 to £79.9000 per share, with an average price of £79.2979.

What will the company do with the purchased shares?

The company intends to cancel the shares it purchased.

How many ordinary shares will the company have after the transaction?

After the transaction, the company will have 162,862,823 ordinary shares in circulation.

When was the transaction authorized by the shareholders?

The transaction was made in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 3 May 2024.