InterContinental Hotels Boosts Shareholder Value with Buyback

InterContinental Hotels (GB:IHG) has released an update.

InterContinental Hotels Group has repurchased 35,000 of its ordinary shares through Goldman Sachs International at an average price of £98.57. The company plans to cancel these shares, reducing the total number of shares in issue to approximately 158.56 million. This move reflects the company’s strategy to enhance shareholder value by managing its share capital efficiently.

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