InterContinental Hotels buys 40,000 shares at $162.43 average for cancellation
IHG•On July 9, InterContinental Hotels Group PLC purchased 40,000 ordinary shares at an average price of $162.43 via Goldman Sachs on the London Stock Exchange. The repurchased shares will be cancelled, reducing outstanding shares to 148,695,326 excluding 5,431,782 held in treasury.
1. Share Purchase Details
InterContinental Hotels Group PLC purchased 40,000 ordinary shares on July 9, 2026 at an average price of $162.43, with prices ranging from $161.25 to $163.95. The transaction was executed by Goldman Sachs International on the London Stock Exchange under the authority granted at the Company’s May 8, 2025 Annual General Meeting.
2. Share Cancellation and Outstanding Share Count
The company intends to cancel the repurchased shares, reducing its issued ordinary shares to 148,695,326, excluding 5,431,782 held in treasury. This cancellation will narrow the total share count, potentially boosting earnings per share for remaining shareholders.
