InterContinental Hotels (GB:IHG) has released an update.
InterContinental Hotels Group PLC has announced the buyback of 157,543 of its own shares on August 7, 2024, with prices ranging from £72.2600 to £73.5200 per share, leading to an average cost of £72.8064 each. The repurchased shares are set to be canceled, which will leave the company with 160,158,558 ordinary shares in issue, excluding those held in treasury. This move follows the authorization granted at the Annual General Meeting on May 3, 2024, and is part of the company’s capital allocation strategy.
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