InterContinental Hotels Executes Share Buyback Strategy

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

InterContinental Hotels Group PLC has executed a buyback of 35,000 of its ordinary shares on the London Stock Exchange, with prices ranging from £96.64 to £98.26 per share. This move, conducted through Goldman Sachs International, is part of the company’s strategy to enhance shareholder value by reducing the number of shares in circulation. Following this transaction, the company will cancel the repurchased shares, aiming to optimize its capital structure.

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