InterContinental Hotels Group repurchases 65,000 shares at average $172.81
IHG•On June 30, InterContinental Hotels Group purchased 65,000 ordinary shares at prices ranging from $170.55 to $174.60, paying an average of $172.81 per share under its AGM-approved buyback program. The group now has 148,973,971 shares outstanding (excluding 5,431,782 held in treasury) and intends to cancel the repurchased shares.
1. June 30 Share Purchase
On June 30, InterContinental Hotels Group executed a repurchase of 65,000 ordinary shares on the London Stock Exchange through Goldman Sachs International at prices between $170.55 and $174.60, averaging $172.81 per share under its AGM-approved authority.
2. Outstanding Shares and Cancellation
Following the transaction, the company holds 148,973,971 ordinary shares in issue, excluding 5,431,782 shares held in treasury, and has announced its intention to cancel the purchased shares, reducing its share count and potentially boosting earnings per share.
3. Ongoing Buyback Program Context
This purchase follows a series of daily repurchases instructed on February 17, 2026, reflecting the group's ongoing capital return strategy to enhance shareholder value and optimize its equity structure.
