Welcome to our dedicated page for InterContinental Hotels news (Ticker: IHG), a resource for investors and traders seeking the latest updates and insights on InterContinental Hotels stock.
IHG Hotels & Resorts (IHG) operates one of the world's most diverse hospitality portfolios, spanning 19 brands across 100+ countries. This news hub provides investors and industry professionals with essential updates on strategic initiatives, financial performance, and market developments.
Track IHG's latest press releases covering earnings reports, property expansions, technology partnerships like its Google Cloud collaboration, and sustainability efforts. Our curated collection offers insights into leadership changes, brand innovations such as the IHG One Rewards program enhancements, and global market entries.
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On November 17, 2022, InterContinental Hotels Group purchased 20,000 ordinary shares at an average price of £46.9566 through Goldman Sachs International. The transaction followed authority granted by shareholders during the AGM on May 6, 2022. The lowest price paid per share was £46.6800, and the highest was £47.4500. Following this purchase, the company has 175,486,955 ordinary shares in circulation, excluding treasury shares. The purchased shares will be canceled, reducing the total share count.
InterContinental Hotels Group PLC announced the purchase of 20,000 of its ordinary shares on November 16, 2022, through Goldman Sachs International. The shares were acquired at an average price of £46.7881, with the lowest price at £46.5400 and the highest at £47.3100. This transaction aligns with the authority given by shareholders at the Annual General Meeting on May 6, 2022, and the company plans to cancel these shares. After this purchase, the total number of ordinary shares in issue stands at 175,506,955.
