InterContinental Hotels Executes Share Buyback Strategy

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

InterContinental Hotels Group has executed a buyback of 65,810 of its ordinary shares on the London Stock Exchange, with prices ranging from £97.88 to £98.52 and an average price of £98.12. This move, facilitated by Goldman Sachs International, is part of a strategy to reduce the Company’s outstanding shares, thus potentially enhancing shareholder value. Following this transaction, the Company now has 158,472,399 ordinary shares in circulation, excluding those held in treasury.

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