InterContinental Hotels (GB:IHG) has released an update.
InterContinental Hotels Group PLC has bought back 60,000 of its own shares on 22 May 2024 through Goldman Sachs International, with the transaction prices ranging from £77.6000 to £78.5600 per share, averaging at £78.0811. The company plans to cancel the acquired shares, reducing the total number of shares in issue, hence potentially increasing the value of remaining shares. This move follows the shareholder authorization at the Annual General Meeting on 3 May 2024.
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