InterContinental Hotels Buys 40,000 Shares at $160.55-$165.55, Plans Cancellation
IHG•InterContinental Hotels Group purchased 40,000 ordinary shares on July 8 at prices between $160.55 and $165.55, paying an average of $163.44 per share. These shares will be cancelled, reducing the issued share count to 148,735,326 excluding 5,431,782 held in treasury.
1. Share Purchase Details
On July 8, InterContinental Hotels Group acquired 40,000 ordinary shares at prices ranging from $160.55 to $165.55, at an average cost of $163.44 per share. The repurchase was executed through Goldman Sachs International under the authority granted at the May 2025 Annual General Meeting.
2. Impact on Share Capital
Following cancellation of the repurchased shares, the company’s issued share count will be reduced to 148,735,326, excluding 5,431,782 shares held in treasury. This reduction supports earnings per share by lowering the outstanding share base.
