InterContinental Hotels Group Announces Purchase of Own Shares

InterContinental Hotels Group (IHG) has made an exciting move by purchasing its own shares on the London Stock Exchange. The company acquired 10,000 of its ordinary shares on July 5, 2024, through Goldman Sachs International (GSI). This purchase was made in accordance with the authority granted by shareholders at IHG’s Annual General Meeting on May 3, 2024.

The shares were bought at prices ranging from £80.4600 to £82.7800 per share, with an average price of £81.5973. IHG intends to cancel the purchased shares, which will result in a reduction of its total outstanding shares. After the transaction, IHG will have 161,475,298 ordinary shares in issue, excluding 7,006,782 held in treasury.

IHG’s decision to repurchase its own shares demonstrates confidence in the company’s financial position and future prospects. By reducing the number of outstanding shares, IHG can enhance shareholder value and potentially increase earnings per share.

The company has engaged Goldman Sachs International as its investment firm for this transaction. The purchases were made on the London Stock Exchange, including trading venues such as Cboe BXE, Cboe CXE, and Turquoise.

IHG is a leading global hospitality company, known for its portfolio of well-known hotel brands, including InterContinental Hotels & Resorts, Crowne Plaza Hotels & Resorts, and Holiday Inn. The company operates in over 100 countries, offering exceptional experiences to travelers worldwide.

For further information, please contact IHG’s Investor Relations team: Stuart Ford (+44 (0)7823 828 739), Aleksandar Milenkovic (+44 (0)7469 905 720), or Joe Simpson (+44 (0)7976 862 072). Media inquiries can be directed to Mike Ward (+44 (0)7795 257 407).

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