InterContinental Hotels Group PLC Announces Transaction in Own Shares – October 17

Rhea-AI Summary

InterContinental Hotels Group PLC (IHG) announced on October 17, 2024, that it purchased 1,000 of its ordinary shares on October 16, 2024, through Goldman Sachs International on the London Stock Exchange. The purchase was made in accordance with shareholder authority granted at the Company's Annual General Meeting on May 3, 2024.

Key details of the transaction include:

• Lowest price paid per share: £85.2200
• Highest price paid per share: £85.9000
• Average price paid per share: £85.5013

IHG intends to cancel the purchased shares. Following this transaction, the Company has 159,234,452 ordinary shares in issue (excluding 6,956,782 held in treasury). The purchase was part of instructions issued by the Company on February 20, 2024.

LONDON, UK / ACCESSWIRE / October 17, 2024 / The Company announces that on 16 October 2024 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 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:	16 October 2024
Aggregate number of ordinary shares purchased:	1,000
Lowest price paid per share:	£ 85.2200
Highest price paid per share:	£ 85.9000
Average price paid per share:	£ 85.5013

The Company intends to cancel the purchased shares.

Following the above transaction, the Company has 159,234,452 ordinary shares in issue (excluding 6,956,782 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); Joe Simpson (+44 (0)7976 862 072)

Media Relations: Mike Ward (+44 (0)7795 257 407)

Schedule of Purchases

Shares purchased: 1,000 (ISIN: GB00BHJYC057)

Date of purchases: 16 October 2024

Investment firm: GSI

Aggregated information:

	London Stock Exchange	Cboe BXE	Cboe CXE	Turquoise
Number of ordinary shares purchased	1,000
Highest price paid (per ordinary share)	£ 85.9000
Lowest price paid (per ordinary share)	£ 85.2200
Volume weighted average price paid(per ordinary share)	£ 85.5013

Detailed information:

Transaction Date	Time	Time Zone	Volume	Price (GBP)	Trading Venue	Transaction ID
16/10/2024	09:48:19	BST	48	85.2800	XLON	1089204385750311
16/10/2024	09:50:16	BST	50	85.3600	XLON	1089204385750545
16/10/2024	10:19:44	BST	42	85.3400	XLON	1089204385753069
16/10/2024	10:56:30	BST	43	85.4800	XLON	1089204385755185
16/10/2024	11:33:42	BST	40	85.8600	XLON	1089204385757029
16/10/2024	12:13:28	BST	1	85.7000	XLON	1089204385758413
16/10/2024	12:13:28	BST	39	85.7000	XLON	1089204385758414
16/10/2024	12:54:08	BST	18	85.9000	XLON	1089204385759905
16/10/2024	12:54:08	BST	22	85.9000	XLON	1089204385759906
16/10/2024	13:31:33	BST	40	85.7200	XLON	1089204385761402
16/10/2024	14:14:27	BST	40	85.3000	XLON	1089204385763815
16/10/2024	14:44:58	BST	10	85.3000	XLON	1089204385765360
16/10/2024	14:44:58	BST	30	85.3000	XLON	1089204385765361
16/10/2024	15:09:59	BST	40	85.4200	XLON	1089204385766644
16/10/2024	15:30:07	BST	40	85.4200	XLON	1089204385768081
16/10/2024	15:39:38	BST	38	85.2200	XLON	1089204385769761
16/10/2024	15:39:38	BST	2	85.2200	XLON	1089204385769762
16/10/2024	15:49:22	BST	40	85.2200	XLON	1089204385771570
16/10/2024	15:58:55	BST	40	85.4000	XLON	1089204385773663
16/10/2024	16:05:55	BST	40	85.4600	XLON	1089204385775206
16/10/2024	16:16:01	BST	16	85.5800	XLON	1089204385776738
16/10/2024	16:16:01	BST	25	85.5800	XLON	1089204385776739
16/10/2024	16:25:11	BST	40	85.5400	XLON	1089204385777709
16/10/2024	16:35:58	BST	40	85.6600	XLON	1089204385779823
16/10/2024	16:52:28	BST	45	85.6400	XLON	1089204385782964
16/10/2024	17:03:31	BST	40	85.5600	XLON	1089204385784953
16/10/2024	17:14:31	BST	45	85.5800	XLON	1089204385786840
16/10/2024	17:20:52	BST	40	85.5600	XLON	1089204385787957
16/10/2024	17:26:24	BST	46	85.5800	XLON	1089204385789097

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 shares did IHG purchase on October 16, 2024?

IHG purchased 1,000 of its ordinary shares on October 16, 2024.

What was the average price paid per share in IHG's recent stock buyback?

The average price paid per share in IHG's recent stock buyback was £85.5013.

When was the shareholder authority for IHG's share purchase granted?

The shareholder authority for IHG's share purchase was granted at the Company's Annual General Meeting on May 3, 2024.

How many ordinary shares does IHG have in issue after the October 16, 2024 transaction?

After the October 16, 2024 transaction, IHG has 159,234,452 ordinary shares in issue, excluding 6,956,782 held in treasury.

What does IHG plan to do with the shares purchased on October 16, 2024?

IHG intends to cancel the shares purchased on October 16, 2024.