InterContinental Hotels Group PLC Announces Transaction in Own Shares - Jan 03

Rhea-AI Summary

On December 30, 2022, InterContinental Hotels Group completed the purchase of 4,027 ordinary shares at an average price of £47.5948 each. This action was authorized during the Annual General Meeting on May 6, 2022, and followed instructions issued on August 9, 2022. The company's total issued shares now stand at 175,605,597, excluding treasury shares. The purchased shares are intended to be canceled, which may positively impact future earnings per share by reducing the total share count.

Positive

• Purchase of 4,027 ordinary shares at an average price of £47.5948, demonstrating commitment to returning value to shareholders.
• Intended cancellation of purchased shares could enhance future earnings per share.

Negative

• None.

Purchase of own shares

LONDON, UK / ACCESSWIRE / January 3, 2023 / The Company announces that on 30 December 2022 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 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:	30 December 2022
Aggregate number of ordinary shares purchased:	4,027
Lowest price paid per share:	£ 47.4100
Highest price paid per share:	£ 47.6800
Average price paid per share:	£ 47.5948

The Company intends to cancel the purchased shares.

Following the above transaction, the Company has 175,605,597 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: 4,027 (ISIN: GB00BHJYC057)

Date of purchases: 30 December 2022

Investment firm: GSI

Aggregated information:

	London Stock Exchange	Cboe BXE	Cboe CXE	Turquoise
Number of ordinary shares purchased	4,027
Highest price paid (per ordinary share)	£ 47.6800
Lowest price paid (per ordinary share)	£ 47.4100
Volume weighted average price paid(per ordinary share)	£ 47.5948

Detailed information:

Transaction Date	Time	Time Zone	Volume	Price (GBP)	Trading Venue	Transaction ID
30/12/2022	10:13:02	GMT	47	47.5400	XLON	683510364903875
30/12/2022	10:13:02	GMT	70	47.5400	XLON	683510364903874
30/12/2022	10:21:48	GMT	13	47.4100	XLON	683510364904293
30/12/2022	10:21:48	GMT	46	47.4100	XLON	683510364904292
30/12/2022	10:23:40	GMT	115	47.4400	XLON	683510364904450
30/12/2022	10:25:39	GMT	105	47.4400	XLON	683510364904561
30/12/2022	10:38:16	GMT	108	47.5500	XLON	683510364905023
30/12/2022	10:42:45	GMT	165	47.5600	XLON	683510364905199
30/12/2022	10:46:49	GMT	91	47.5600	XLON	683510364905384
30/12/2022	10:51:46	GMT	138	47.5800	XLON	683510364905634
30/12/2022	10:54:07	GMT	25	47.5700	XLON	683510364905734
30/12/2022	10:54:07	GMT	88	47.5700	XLON	683510364905733
30/12/2022	11:03:05	GMT	67	47.5400	XLON	683510364906424
30/12/2022	11:03:05	GMT	67	47.5400	XLON	683510364906429
30/12/2022	11:04:41	GMT	67	47.5200	XLON	683510364906559
30/12/2022	11:07:20	GMT	115	47.5400	XLON	683510364906691
30/12/2022	11:07:20	GMT	132	47.5400	XLON	683510364906693
30/12/2022	11:13:25	GMT	197	47.6000	XLON	683510364906935
30/12/2022	11:14:50	GMT	86	47.5900	XLON	683510364906986
30/12/2022	11:17:49	GMT	68	47.6400	XLON	683510364907180
30/12/2022	11:20:29	GMT	17	47.6400	XLON	683510364907383
30/12/2022	11:20:29	GMT	69	47.6400	XLON	683510364907382
30/12/2022	11:20:34	GMT	21	47.6400	XLON	683510364907387
30/12/2022	11:20:34	GMT	36	47.6400	XLON	683510364907386
30/12/2022	11:21:03	GMT	113	47.6300	XLON	683510364907415
30/12/2022	11:21:03	GMT	145	47.6300	XLON	683510364907414
30/12/2022	11:28:11	GMT	109	47.6500	XLON	683510364907739
30/12/2022	11:28:38	GMT	135	47.6300	XLON	683510364907817
30/12/2022	11:41:13	GMT	57	47.6300	XLON	683510364908314
30/12/2022	11:48:06	GMT	67	47.5900	XLON	683510364908692
30/12/2022	11:57:58	GMT	98	47.6100	XLON	683510364909279
30/12/2022	11:59:38	GMT	38	47.6100	XLON	683510364909392
30/12/2022	11:59:38	GMT	43	47.6100	XLON	683510364909393
30/12/2022	12:02:48	GMT	127	47.5800	XLON	683510364909575
30/12/2022	12:06:03	GMT	29	47.5800	XLON	683510364909737
30/12/2022	12:06:03	GMT	89	47.5800	XLON	683510364909736
30/12/2022	12:07:05	GMT	4	47.5800	XLON	683510364909785
30/12/2022	12:07:05	GMT	53	47.5800	XLON	683510364909786
30/12/2022	12:14:02	GMT	170	47.6400	XLON	683510364910112
30/12/2022	12:16:25	GMT	96	47.6500	XLON	683510364910248
30/12/2022	12:19:09	GMT	111	47.6600	XLON	683510364910458
30/12/2022	12:19:10	GMT	103	47.6600	XLON	683510364910462
30/12/2022	12:24:35	GMT	80	47.6800	XLON	683510364910822
30/12/2022	12:24:35	GMT	111	47.6800	XLON	683510364910823
30/12/2022	12:25:23	GMT	12	47.6800	XLON	683510364910886
30/12/2022	12:25:23	GMT	69	47.6800	XLON	683510364910884
30/12/2022	12:25:23	GMT	69	47.6800	XLON	683510364910885
30/12/2022	12:27:58	GMT	55	47.6700	XLON	683510364911072
30/12/2022	12:29:04	GMT	25	47.6600	XLON	683510364911175
30/12/2022	12:29:04	GMT	66	47.6600	XLON	683510364911173

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SOURCE: InterContinental Hotels Group PLC

View source version on accesswire.com:
https://www.accesswire.com/733728/InterContinental-Hotels-Group-PLC-Announces-Transaction-in-Own-Shares--Jan-03

FAQ

What was the total number of shares purchased by IHG on December 30, 2022?

InterContinental Hotels Group purchased 4,027 ordinary shares on December 30, 2022.

What was the average price paid per share by IHG on December 30, 2022?

IHG paid an average price of £47.5948 per ordinary share.

How will the share buyback affect IHG's total shares outstanding?

Following the share buyback, IHG has 175,605,597 ordinary shares outstanding.

When was IHG's share buyback authorized?

The share buyback was authorized during the Annual General Meeting on May 6, 2022.

What is the intended action for the shares purchased by IHG?

The shares purchased by IHG are intended to be canceled.