InterContinental Hotels (GB:IHG) has released an update.
InterContinental Hotels Group PLC has bought back 48,753 of its own shares on May 16, 2024, for prices ranging between £77.56 and £78.28 per share, averaging at £78.0259 each. The shares were acquired via Goldman Sachs International on the London Stock Exchange and will be subsequently cancelled, leaving the company with 162,519,719 ordinary shares in issue, excluding those held in treasury. This move comes after the authorization by shareholders at the Annual General Meeting and is part of the company’s ongoing capital management strategy.
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