InterContinental Hotels Group Purchases Own Shares

LONDON, UK – InterContinental Hotels Group PLC (IHG) has confirmed the purchase of ordinary shares on August 12, 2024, as part of a buyback program authorized by shareholders during the Annual General Meeting held on May 3, 2024. The transaction was executed through Goldman Sachs International (GSI) on the London Stock Exchange. The company has indicated its intention to cancel the shares acquired in this buyback, although specific details regarding the total number of shares purchased and the prices paid have not been disclosed in the announcement. A comprehensive breakdown of the individual transactions conducted by GSI is available through the London Stock Exchange's RNS service. This strategic move is part of IHG's ongoing efforts to enhance shareholder value and reflects the company's confidence in its long-term growth prospects. The buyback program is seen as a way to return capital to shareholders while potentially increasing the value of remaining shares. For further inquiries, IHG has provided contact information for its Investor Relations team, including Stuart Ford, Aleksandar Milenkovic, and Joe Simpson, as well as Media Relations contact Mike Ward. The company continues to engage with its stakeholders to ensure transparency and effective communication regarding its financial strategies.