InterContinental Hotels Group PLC Announces Transaction in Own Shares - Jan 17

Rhea-AI Summary

On January 16, 2023, InterContinental Hotels Group purchased 5,900 ordinary shares at an average price of £54.13 each through Goldman Sachs International. This buyback aligns with shareholder approval from the Annual General Meeting held on May 6, 2022. The lowest price paid per share was £54.00 while the highest reached £54.20. The company plans to cancel these shares following the transaction. Post-purchase, there are 175,480,634 ordinary shares outstanding, excluding 7,506,782 in treasury.

Positive

• Share repurchase of 5,900 shares indicates management's confidence in the company's value.
• Average purchase price of £54.13 shows effective price management.

Negative

• None.

Purchase of own shares

LONDON, UK / ACCESSWIRE / January 17, 2023 / The Company announces that on 16 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:	16 January 2023
Aggregate number of ordinary shares purchased:	5,900
Lowest price paid per share:	£ 54.0000
Highest price paid per share:	£ 54.2000
Average price paid per share:	£ 54.1300

The Company intends to cancel the purchased shares.

Following the above transaction, the Company has 175,480,634 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: 5,900 (ISIN: GB00BHJYC057)

Date of purchases: 16 January 2023

Investment firm: GSI

Aggregated information:

	London Stock Exchange	Cboe BXE	Cboe CXE	Turquoise
Number of ordinary shares purchased	5,900
Highest price paid (per ordinary share)	£ 54.2000
Lowest price paid (per ordinary share)	£ 54.0000
Volume weighted average price paid(per ordinary share)	£ 54.1300

Detailed information:

Transaction Date	Time	Time Zone	Volume	Price (GBP)	Trading Venue	Transaction ID
16/01/2023	16:02:02	GMT	2	54.0000	XLON	694024444870719
16/01/2023	16:02:02	GMT	29	54.0000	XLON	694024444870718
16/01/2023	16:04:33	GMT	147	54.0000	XLON	694024444871037
16/01/2023	16:07:01	GMT	61	54.1000	XLON	694024444871581
16/01/2023	16:07:01	GMT	62	54.1000	XLON	694024444871582
16/01/2023	16:07:01	GMT	69	54.1000	XLON	694024444871583
16/01/2023	16:07:01	GMT	103	54.1000	XLON	694024444871580
16/01/2023	16:07:06	GMT	35	54.1000	XLON	694024444871603
16/01/2023	16:07:06	GMT	61	54.1000	XLON	694024444871602
16/01/2023	16:07:06	GMT	62	54.1000	XLON	694024444871601
16/01/2023	16:07:13	GMT	10	54.1000	XLON	694024444871616
16/01/2023	16:07:13	GMT	58	54.1000	XLON	694024444871615
16/01/2023	16:07:13	GMT	100	54.1000	XLON	694024444871613
16/01/2023	16:07:28	GMT	2	54.1000	XLON	694024444871659
16/01/2023	16:07:28	GMT	61	54.1000	XLON	694024444871658
16/01/2023	16:09:27	GMT	36	54.1200	XLON	694024444871894
16/01/2023	16:09:27	GMT	41	54.1200	XLON	694024444871893
16/01/2023	16:09:27	GMT	48	54.1200	XLON	694024444871892
16/01/2023	16:09:56	GMT	71	54.1000	XLON	694024444872008
16/01/2023	16:09:56	GMT	260	54.1000	XLON	694024444872001
16/01/2023	16:09:57	GMT	88	54.1000	XLON	694024444872010
16/01/2023	16:11:59	GMT	22	54.1200	XLON	694024444872218
16/01/2023	16:11:59	GMT	67	54.1200	XLON	694024444872205
16/01/2023	16:11:59	GMT	90	54.1200	XLON	694024444872217
16/01/2023	16:12:00	GMT	14	54.1200	XLON	694024444872219
16/01/2023	16:12:00	GMT	14	54.1200	XLON	694024444872220
16/01/2023	16:12:00	GMT	68	54.1200	XLON	694024444872222
16/01/2023	16:12:00	GMT	150	54.1200	XLON	694024444872221
16/01/2023	16:16:32	GMT	173	54.1400	XLON	694024444872802
16/01/2023	16:16:39	GMT	17	54.1000	XLON	694024444872854
16/01/2023	16:16:39	GMT	19	54.1000	XLON	694024444872852
16/01/2023	16:16:39	GMT	20	54.1000	XLON	694024444872853
16/01/2023	16:16:39	GMT	61	54.1000	XLON	694024444872856
16/01/2023	16:16:39	GMT	62	54.1000	XLON	694024444872855
16/01/2023	16:16:40	GMT	37	54.1000	XLON	694024444872857
16/01/2023	16:16:40	GMT	41	54.1000	XLON	694024444872860
16/01/2023	16:16:40	GMT	61	54.1000	XLON	694024444872858
16/01/2023	16:16:40	GMT	62	54.1000	XLON	694024444872859
16/01/2023	16:17:24	GMT	61	54.1600	XLON	694024444873037
16/01/2023	16:17:24	GMT	62	54.1600	XLON	694024444873036
16/01/2023	16:17:24	GMT	72	54.1600	XLON	694024444873035
16/01/2023	16:17:24	GMT	86	54.1600	XLON	694024444873038
16/01/2023	16:17:27	GMT	61	54.1600	XLON	694024444873043
16/01/2023	16:17:27	GMT	73	54.1600	XLON	694024444873044
16/01/2023	16:18:01	GMT	79	54.1800	XLON	694024444873159
16/01/2023	16:18:02	GMT	122	54.1800	XLON	694024444873163
16/01/2023	16:18:09	GMT	108	54.1800	XLON	694024444873203
16/01/2023	16:19:01	GMT	35	54.1800	XLON	694024444873349
16/01/2023	16:19:41	GMT	50	54.1800	XLON	694024444873450
16/01/2023	16:19:41	GMT	62	54.1800	XLON	694024444873453
16/01/2023	16:19:41	GMT	67	54.1800	XLON	694024444873448
16/01/2023	16:20:16	GMT	49	54.1800	XLON	694024444873544
16/01/2023	16:20:16	GMT	56	54.1800	XLON	694024444873545
16/01/2023	16:20:16	GMT	104	54.1800	XLON	694024444873549
16/01/2023	16:21:07	GMT	17	54.1600	XLON	694024444873704
16/01/2023	16:21:07	GMT	48	54.1600	XLON	694024444873703
16/01/2023	16:23:18	GMT	17	54.1000	XLON	694024444874127
16/01/2023	16:23:30	GMT	78	54.1000	XLON	694024444874159
16/01/2023	16:23:53	GMT	8	54.1000	XLON	694024444874197
16/01/2023	16:23:53	GMT	54	54.1000	XLON	694024444874198
16/01/2023	16:23:56	GMT	26	54.1000	XLON	694024444874228
16/01/2023	16:24:46	GMT	107	54.1000	XLON	694024444874333
16/01/2023	16:25:56	GMT	13	54.1200	XLON	694024444874591
16/01/2023	16:25:56	GMT	35	54.1200	XLON	694024444874589
16/01/2023	16:25:56	GMT	51	54.1200	XLON	694024444874590
16/01/2023	16:26:01	GMT	23	54.1200	XLON	694024444874599
16/01/2023	16:26:01	GMT	48	54.1200	XLON	694024444874598
16/01/2023	16:26:43	GMT	116	54.1000	XLON	694024444874710
16/01/2023	16:26:43	GMT	13	54.1200	XLON	694024444874718
16/01/2023	16:26:43	GMT	107	54.1200	XLON	694024444874717
16/01/2023	16:27:53	GMT	11	54.1200	XLON	694024444874969
16/01/2023	16:27:53	GMT	61	54.1200	XLON	694024444874970
16/01/2023	16:27:53	GMT	61	54.1200	XLON	694024444874971
16/01/2023	16:27:55	GMT	2	54.1200	XLON	694024444874990
16/01/2023	16:27:57	GMT	2	54.1200	XLON	694024444875017
16/01/2023	16:27:57	GMT	2	54.1200	XLON	694024444875018
16/01/2023	16:27:59	GMT	52	54.1400	XLON	694024444875027
16/01/2023	16:27:59	GMT	73	54.1400	XLON	694024444875026
16/01/2023	16:27:59	GMT	76	54.1400	XLON	694024444875025
16/01/2023	16:28:05	GMT	73	54.1400	XLON	694024444875067
16/01/2023	16:28:08	GMT	7	54.1400	XLON	694024444875097
16/01/2023	16:28:08	GMT	108	54.1400	XLON	694024444875091
16/01/2023	16:28:09	GMT	90	54.1400	XLON	694024444875098
16/01/2023	16:28:10	GMT	76	54.1400	XLON	694024444875112
16/01/2023	16:28:11	GMT	63	54.1400	XLON	694024444875130
16/01/2023	16:28:28	GMT	182	54.1400	XLON	694024444875176
16/01/2023	16:28:29	GMT	10	54.1400	XLON	694024444875182
16/01/2023	16:29:03	GMT	98	54.1400	XLON	694024444875328
16/01/2023	16:29:45	GMT	281	54.1600	XLON	694024444875515
16/01/2023	16:29:56	GMT	1	54.2000	XLON	694024444875602
16/01/2023	16:29:56	GMT	1	54.2000	XLON	694024444875604
16/01/2023	16:29:56	GMT	4	54.2000	XLON	694024444875603
16/01/2023	16:29:56	GMT	42	54.2000	XLON	694024444875600
16/01/2023	16:29:56	GMT	57	54.2000	XLON	694024444875601
16/01/2023	16:29:56	GMT	70	54.2000	XLON	694024444875598
16/01/2023	16:29:56	GMT	105	54.2000	XLON	694024444875599

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SOURCE: InterContinental Hotels Group PLC

View source version on accesswire.com:
https://www.accesswire.com/735480/InterContinental-Hotels-Group-PLC-Announces-Transaction-in-Own-Shares--Jan-17

FAQ

What shares did IHG purchase on January 16, 2023?

IHG purchased 5,900 ordinary shares on January 16, 2023.

What was the average price paid for IHG shares in the buyback?

The average price paid for IHG shares in the buyback was £54.13.

How many shares are outstanding after IHG's recent buyback?

After the buyback, IHG has 175,480,634 ordinary shares outstanding.

Why did IHG conduct a share buyback?

IHG conducted a share buyback to utilize the authority granted by shareholders at the AGM on May 6, 2022.

Who managed the share buyback for IHG?

The share buyback for IHG was managed by Goldman Sachs International.