InterContinental Hotels Conducts Share Buyback to Boost Value

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

InterContinental Hotels Group has repurchased 3,465 of its own shares, with prices ranging from £90.72 to £91.60 per share, as part of a buyback strategy authorized earlier this year. This move, executed through Goldman Sachs International, is aimed at reducing the company’s share count, potentially enhancing shareholder value. Following this transaction, the company retains 158,802,796 ordinary shares in circulation, excluding those held in treasury.

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