InterContinental Hotels (GB:IHG) has released an update.
InterContinental Hotels Group PLC has actively repurchased 19,657 of its own ordinary shares on August 14, 2024, with share prices ranging from £72.8800 to £73.5600, averaging £73.2177 per share. The company has announced that the acquired shares will be cancelled, resulting in a reduced total number of ordinary shares to 159,848,411, excluding treasury-held shares. This move is part of the company’s strategy to manage its share capital, postulated during the Annual General Meeting on May 3, 2024.
For further insights into GB:IHG stock, check out TipRanks’ Stock Analysis page.
