InterContinental Hotels Executes Strategic Share Buyback

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

InterContinental Hotels Group has repurchased 40,000 of its ordinary shares on the London Stock Exchange, with prices ranging from £99.52 to £100.40 per share. This strategic buyback, facilitated by Goldman Sachs International, aims to reduce the number of shares in circulation, potentially enhancing shareholder value. Following this transaction, the company will have 158,352,399 ordinary shares in issue, excluding those held in treasury.

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