InterContinental Hotels Group Buys 38,645 Shares at $164.55–$167.80, Cancels Them
IHG•On July 3, InterContinental Hotels Group purchased 38,645 ordinary shares at prices ranging from $164.55 to $167.80, with an average cost of $166.44 per share. The company will cancel these shares, reducing its issued share count to 148,855,326 ordinary shares (excluding 5,431,782 held in treasury).
1. Transaction Details
On July 3, InterContinental Hotels Group executed a purchase of 38,645 ordinary shares on the London Stock Exchange via Goldman Sachs International, paying between $164.55 and $167.80 per share with an average price of $166.44 under its existing repurchase mandate.
2. Cancellation Plans
The company intends to cancel all acquired shares in line with shareholder authority granted at its May 2025 Annual General Meeting, aiming to streamline its capital structure and enhance shareholder value.
3. Updated Share Count
After cancellation, the total issued ordinary share count will be 148,855,326, excluding 5,431,782 shares held in treasury, which may support improved per-share metrics going forward.
