InterContinental Hotels Group PLC Announces Transaction in Own Shares - Sept 29
InterContinental Hotels Group announced the purchase of 178,990 ordinary shares at an average price of £44.8879 each on September 28, 2022. This transaction, executed by Goldman Sachs International, is in line with the authority granted by shareholders at the Annual General Meeting on May 6, 2022. Post-purchase, the company holds 7,622,095 shares in treasury, with a total of 180,095,625 shares issued, excluding treasury shares.
- Share buyback may support stock price by reducing supply.
- Demonstrates confidence in company value and future growth.
- None.
LONDON, UK / ACCESSWIRE / September 29, 2022 / The Company announces that on 28 September 2022 it purchased the following number of its ordinary shares of 20340/399 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: | 28 September 2022 |
| Aggregate number of ordinary shares purchased: | 178,990 |
| Lowest price paid per share: | £ 43.7900 |
| Highest price paid per share: | £ 45.5800 |
| Average price paid per share: | £ 44.8879 |
The Company intends to hold the purchased shares in treasury.
Following the above transaction, the Company holds 7,622,095 of its ordinary shares in treasury and has 180,095,625 shares in issue (excluding treasury shares).
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); Claire Scicluna (+44 (0)7776 778 808)
Schedule of Purchases
Shares purchased: 178,990 (ISIN: GB00BHJYC057)
Date of purchases: 28 September 2022
Investment firm: GSI
Aggregated information:
London Stock Exchange | Cboe BXE | Cboe CXE | Turquoise | |
Number of ordinary shares purchased | 123,990 | 55,000 | ||
Highest price paid (per ordinary share) | £ 45.5800 | £ 45.5500 | ||
Lowest price paid (per ordinary share) | £ 43.7900 | £ 43.8000 | ||
Volume weighted average price paid(per ordinary share) | £ 44.9061 | £ 44.8471 |
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http://www.rns-pdf.londonstockexchange.com/rns/0738B_1-2022-9-28.pdf
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SOURCE: InterContinental Hotels Group PLC
View source version on accesswire.com:
https://www.accesswire.com/718066/InterContinental-Hotels-Group-PLC-Announces-Transaction-in-Own-Shares--Sept-29
FAQ
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