InterContinental Hotels Group PLC Announces Transaction in Own Shares – Jan 27

Rhea-AI Summary

On January 26, 2023, InterContinental Hotels Group purchased 9,437 of its ordinary shares at prices ranging from £56.42 to £57.06 through Goldman Sachs International. The average price paid per share was £56.7846. This share buyback aligns with the authority granted by shareholders at the Annual General Meeting on May 6, 2022. Following this transaction, the Company has 175,421,334 ordinary shares outstanding, excluding treasury shares. The purchased shares will be canceled to reduce the overall share count, reflecting the Company's strategy to enhance shareholder value.

Positive

• Share buyback of 9,437 shares indicates confidence in stock value.
• Average purchase price of £56.7846 reflects a strategic entry point.

Negative

• None.

Purchase of own shares

LONDON, UK / ACCESSWIRE / January 27, 2023 / InterContinental Hotels Group PLC (the Company) The Company announces that on 26 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:	26 January 2023
Aggregate number of ordinary shares purchased:	9,437
Lowest price paid per share:	£ 56.4200
Highest price paid per share:	£ 57.0600
Average price paid per share:	£ 56.7846

The Company intends to cancel the purchased shares.

Following the above transaction, the Company has 175,421,334 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: 9,437 (ISIN: GB00BHJYC057)

Date of purchases: 26 January 2023

Investment firm: GSI

Aggregated information:

	London Stock Exchange	Cboe BXE	Cboe CXE	Turquoise
Number of ordinary shares purchased	9,437
Highest price paid (per ordinary share)	£ 57.0600
Lowest price paid (per ordinary share)	£ 56.4200
Volume weighted average price paid(per ordinary share)	£ 56.7846

Detailed information:

Transaction Date	Time	Time Zone	Volume	Price (GBP)	Trading Venue	Transaction ID
26/01/2023	08:29:29	GMT	57	56.4200	XLON	700209197749763
26/01/2023	08:29:29	GMT	81	56.4200	XLON	700209197749764
26/01/2023	08:42:38	GMT	81	56.5200	XLON	700209197751034
26/01/2023	08:54:43	GMT	64	56.5000	XLON	700209197752005
26/01/2023	08:58:28	GMT	13	56.5000	XLON	700209197752318
26/01/2023	08:58:28	GMT	79	56.5000	XLON	700209197752317
26/01/2023	09:04:52	GMT	52	56.5400	XLON	700209197752665
26/01/2023	09:13:51	GMT	12	56.6200	XLON	700209197753341
26/01/2023	09:13:51	GMT	58	56.6200	XLON	700209197753340
26/01/2023	09:13:51	GMT	110	56.6200	XLON	700209197753337
26/01/2023	09:19:18	GMT	61	56.6800	XLON	700209197753744
26/01/2023	09:22:18	GMT	86	56.7000	XLON	700209197753937
26/01/2023	09:26:02	GMT	71	56.7200	XLON	700209197754191
26/01/2023	09:30:06	GMT	110	56.6600	XLON	700209197754455
26/01/2023	09:39:41	GMT	64	56.6200	XLON	700209197755394
26/01/2023	09:46:26	GMT	75	56.6000	XLON	700209197755853
26/01/2023	09:51:41	GMT	78	56.5800	XLON	700209197756130
26/01/2023	10:01:44	GMT	98	56.5600	XLON	700209197756773
26/01/2023	10:17:12	GMT	191	56.5800	XLON	700209197757973
26/01/2023	10:26:53	GMT	62	56.5400	XLON	700209197758950
26/01/2023	10:35:43	GMT	74	56.5600	XLON	700209197759512
26/01/2023	10:37:20	GMT	67	56.5400	XLON	700209197759633
26/01/2023	11:13:48	GMT	59	56.5200	XLON	700209197762048
26/01/2023	11:13:48	GMT	91	56.5200	XLON	700209197762049
26/01/2023	11:14:06	GMT	81	56.5200	XLON	700209197762087
26/01/2023	11:27:56	GMT	34	56.5000	XLON	700209197763022
26/01/2023	11:27:56	GMT	81	56.5000	XLON	700209197763021
26/01/2023	11:36:04	GMT	66	56.5200	XLON	700209197763425
26/01/2023	11:36:04	GMT	70	56.5200	XLON	700209197763423
26/01/2023	11:53:20	GMT	80	56.5400	XLON	700209197764628
26/01/2023	12:02:09	GMT	77	56.6000	XLON	700209197765209
26/01/2023	12:22:12	GMT	186	56.6200	XLON	700209197766559
26/01/2023	12:25:34	GMT	184	56.5800	XLON	700209197766777
26/01/2023	12:38:21	GMT	107	56.6200	XLON	700209197767617
26/01/2023	12:44:59	GMT	69	56.6400	XLON	700209197768198
26/01/2023	12:51:51	GMT	72	56.6400	XLON	700209197768842
26/01/2023	12:59:56	GMT	18	56.7000	XLON	700209197769561
26/01/2023	12:59:56	GMT	131	56.7000	XLON	700209197769562
26/01/2023	13:07:03	GMT	62	56.7400	XLON	700209197770211
26/01/2023	13:13:01	GMT	68	56.7400	XLON	700209197770608
26/01/2023	13:19:19	GMT	69	56.7600	XLON	700209197771129
26/01/2023	13:26:11	GMT	6	56.7600	XLON	700209197771696
26/01/2023	13:26:11	GMT	103	56.7600	XLON	700209197771695
26/01/2023	13:29:20	GMT	65	56.7600	XLON	700209197771863
26/01/2023	13:30:02	GMT	68	56.7200	XLON	700209197772072
26/01/2023	13:35:07	GMT	62	56.7600	XLON	700209197772923
26/01/2023	13:40:01	GMT	5	56.8000	XLON	700209197773284
26/01/2023	13:40:01	GMT	29	56.8000	XLON	700209197773285
26/01/2023	13:40:01	GMT	36	56.8000	XLON	700209197773283
26/01/2023	13:44:38	GMT	81	56.8200	XLON	700209197773716
26/01/2023	13:50:23	GMT	83	56.9600	XLON	700209197774180
26/01/2023	13:57:53	GMT	75	57.0000	XLON	700209197774835
26/01/2023	13:57:53	GMT	86	57.0000	XLON	700209197774836
26/01/2023	14:05:42	GMT	171	57.0600	XLON	700209197775593
26/01/2023	14:09:35	GMT	71	57.0000	XLON	700209197775911
26/01/2023	14:13:25	GMT	74	57.0000	XLON	700209197776241
26/01/2023	14:15:39	GMT	66	57.0200	XLON	700209197776419
26/01/2023	14:20:35	GMT	69	57.0000	XLON	700209197776908
26/01/2023	14:27:21	GMT	62	56.9200	XLON	700209197777625
26/01/2023	14:30:37	GMT	172	56.9200	XLON	700209197778429
26/01/2023	14:33:12	GMT	61	56.9600	XLON	700209197779118
26/01/2023	14:34:04	GMT	62	56.9800	XLON	700209197779349
26/01/2023	14:35:30	GMT	86	56.9600	XLON	700209197779828
26/01/2023	14:36:58	GMT	69	56.9800	XLON	700209197780189
26/01/2023	14:37:48	GMT	61	56.9600	XLON	700209197780358
26/01/2023	14:39:30	GMT	63	56.9600	XLON	700209197780716
26/01/2023	14:40:44	GMT	72	56.9800	XLON	700209197781075
26/01/2023	14:43:13	GMT	67	56.9800	XLON	700209197781832
26/01/2023	14:43:37	GMT	30	56.9800	XLON	700209197781970
26/01/2023	14:43:37	GMT	42	56.9800	XLON	700209197781971
26/01/2023	14:46:15	GMT	129	56.9400	XLON	700209197782669
26/01/2023	14:48:52	GMT	63	56.9600	XLON	700209197783230
26/01/2023	14:50:03	GMT	23	56.8800	XLON	700209197783598
26/01/2023	14:50:03	GMT	105	56.8800	XLON	700209197783597
26/01/2023	14:54:10	GMT	72	56.8600	XLON	700209197784256
26/01/2023	14:55:02	GMT	69	56.8400	XLON	700209197784389
26/01/2023	14:56:33	GMT	89	56.8200	XLON	700209197784622
26/01/2023	15:00:03	GMT	104	56.8800	XLON	700209197785557
26/01/2023	15:00:03	GMT	105	56.8800	XLON	700209197785562
26/01/2023	15:03:50	GMT	65	56.8400	XLON	700209197786242
26/01/2023	15:04:38	GMT	62	56.8200	XLON	700209197786379
26/01/2023	15:09:05	GMT	119	56.8400	XLON	700209197787010
26/01/2023	15:10:05	GMT	37	56.8600	XLON	700209197787188
26/01/2023	15:10:05	GMT	62	56.8600	XLON	700209197787189
26/01/2023	15:16:45	GMT	61	56.9600	XLON	700209197788370
26/01/2023	15:18:06	GMT	28	56.9600	XLON	700209197788597
26/01/2023	15:18:06	GMT	33	56.9600	XLON	700209197788598
26/01/2023	15:19:37	GMT	61	56.9600	XLON	700209197788754
26/01/2023	15:20:48	GMT	66	56.9600	XLON	700209197788922
26/01/2023	15:20:57	GMT	269	56.9400	XLON	700209197788946
26/01/2023	15:26:36	GMT	199	56.9800	XLON	700209197789620
26/01/2023	15:28:07	GMT	53	56.9400	XLON	700209197789860
26/01/2023	15:30:00	GMT	67	56.9600	XLON	700209197790284
26/01/2023	15:33:05	GMT	117	56.9800	XLON	700209197790819
26/01/2023	15:35:46	GMT	77	57.0000	XLON	700209197791400
26/01/2023	15:38:01	GMT	8	56.9400	XLON	700209197791968
26/01/2023	15:38:01	GMT	111	56.9400	XLON	700209197791967
26/01/2023	15:42:24	GMT	161	56.9200	XLON	700209197792732
26/01/2023	15:47:30	GMT	11	56.9400	XLON	700209197793343
26/01/2023	15:47:30	GMT	58	56.9400	XLON	700209197793342
26/01/2023	15:47:30	GMT	69	56.9400	XLON	700209197793339
26/01/2023	15:47:51	GMT	43	56.9000	XLON	700209197793385
26/01/2023	15:47:51	GMT	60	56.9000	XLON	700209197793384
26/01/2023	15:52:09	GMT	32	56.8400	XLON	700209197793912
26/01/2023	15:52:09	GMT	40	56.8400	XLON	700209197793913
26/01/2023	15:54:03	GMT	70	56.8200	XLON	700209197794198
26/01/2023	15:55:29	GMT	63	56.7600	XLON	700209197794496
26/01/2023	16:00:12	GMT	134	56.7600	XLON	700209197795421
26/01/2023	16:02:03	GMT	74	56.7000	XLON	700209197795969
26/01/2023	16:04:01	GMT	38	56.7200	XLON	700209197796329
26/01/2023	16:04:01	GMT	43	56.7200	XLON	700209197796330
26/01/2023	16:06:09	GMT	66	56.7000	XLON	700209197796813
26/01/2023	16:06:13	GMT	64	56.6800	XLON	700209197796848
26/01/2023	16:09:02	GMT	90	56.6400	XLON	700209197797364
26/01/2023	16:17:05	GMT	80	56.8000	XLON	700209197799060
26/01/2023	16:18:40	GMT	46	56.8000	XLON	700209197799371
26/01/2023	16:18:40	GMT	58	56.8000	XLON	700209197799372
26/01/2023	16:18:40	GMT	95	56.8000	XLON	700209197799365
26/01/2023	16:18:40	GMT	186	56.8000	XLON	700209197799373
26/01/2023	16:22:07	GMT	144	56.7600	XLON	700209197800183
26/01/2023	16:25:51	GMT	86	56.8200	XLON	700209197801072
26/01/2023	16:27:49	GMT	72	56.8400	XLON	700209197801457
26/01/2023	16:28:46	GMT	52	56.8600	XLON	700209197801651
26/01/2023	16:29:55	GMT	2	56.9000	XLON	700209197802105

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 source version on accesswire.com:
https://www.accesswire.com/737023/InterContinental-Hotels-Group-PLC-Announces-Transaction-in-Own-Shares-Jan-27

FAQ

What was the purpose of InterContinental Hotels Group's share buyback on January 26, 2023?

The share buyback was executed to enhance shareholder value in accordance with the authority granted by shareholders at the Annual General Meeting.

How many shares did InterContinental Hotels Group purchase on January 26, 2023?

InterContinental Hotels Group purchased 9,437 ordinary shares on January 26, 2023.

What was the average price paid per share by IHG during the buyback?

The average price paid per share during the buyback was £56.7846.

What is the current number of ordinary shares outstanding for IHG after the buyback?

After the buyback, the Company has 175,421,334 ordinary shares outstanding.