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Intercontinental Hotels Group ( (IHG) ) has provided an announcement.
InterContinental Hotels Group PLC has been actively purchasing its own shares on the London Stock Exchange, as authorized by its shareholders during the Annual General Meeting. This buyback program aims to enhance shareholder value by reducing the number of shares in circulation, thereby potentially increasing the value of remaining shares. The company intends to cancel the acquired shares, which will affect the total number of voting rights, as outlined in their recent disclosures.
More about Intercontinental Hotels Group
InterContinental Hotels Group PLC is a global hospitality company known for its chain of hotels and resorts. It operates in the hotel industry, focusing on providing lodging services across various market segments, ranging from luxury to budget accommodations. The company is headquartered in Windsor, United Kingdom, and is listed on the London Stock Exchange.
YTD Price Performance: 42.33%
Average Trading Volume: 131,090
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $19.94B
See more insights into IHG stock on TipRanks’ Stock Analysis page.
