InterContinental Hotels Enhances Shareholder Value with Buyback

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

InterContinental Hotels Group PLC has repurchased 21,706 of its ordinary shares, with prices ranging between £98.02 and £99.06 per share, on the London Stock Exchange. This buyback, facilitated through Goldman Sachs International, is part of the company’s strategy to enhance shareholder value and will result in the cancellation of these shares. Following this transaction, the company holds 158,591,140 shares in circulation, excluding those in treasury.

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