InterContinental Hotels Group PLC Announces Transaction in Own Shares - April 24

Rhea-AI Summary

InterContinental Hotels Group PLC announces the purchase of 19,905 of its own ordinary shares on the London Stock Exchange through Goldman Sachs International. The company intends to cancel the purchased shares, leaving 163,042,508 ordinary shares in issue. The transaction was made in accordance with shareholder authorization from the 2023 Annual General Meeting.

LONDON, UK / ACCESSWIRE / April 24, 2024 / The Company announces that on 23 April 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 5 May 2023 (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:	23 April 2024
Aggregate number of ordinary shares purchased:	19,905
Lowest price paid per share:	£ 79.7600
Highest price paid per share:	£ 80.9000
Average price paid per share:	£ 80.1710

The Company intends to cancel the purchased shares.

Following the above transaction, the Company has 163,042,508 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/7687L_1-2024-4-23.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: 19,905 (ISIN: GB00BHJYC057)

Date of purchases: 23 April 2024

Investment firm: GSI

Aggregated information:

London Stock Exchange	Cboe BXE	Cboe CXE	Turquoise
Number of ordinary shares purchased	19,905
Highest price paid (per ordinary share)	£ 80.9000
Lowest price paid (per ordinary share)	£ 79.7600
Volume weighted average price paid(per ordinary share)	£ 80.1710

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

How many ordinary shares did InterContinental Hotels Group PLC purchase?

InterContinental Hotels Group PLC purchased 19,905 of its own ordinary shares.

Through which investment firm did InterContinental Hotels Group PLC make the purchase?

InterContinental Hotels Group PLC made the purchase through Goldman Sachs International (GSI).

What was the highest price paid per share in the transaction?

The highest price paid per share in the transaction was £80.9000.

When did InterContinental Hotels Group PLC issue instructions for the purchase?

InterContinental Hotels Group PLC issued instructions for the purchase on 20 February 2024.

How many ordinary shares does InterContinental Hotels Group PLC have in issue after the transaction?

After the transaction, InterContinental Hotels Group PLC has 163,042,508 ordinary shares in issue.