InterContinental Hotels (GB:IHG) has released an update.
InterContinental Hotels Group PLC has repurchased 39,198 of its ordinary shares, with prices ranging from £77.6400 to £78.9800 per share, resulting in an average purchase price of £78.2161. The transaction was part of a share buyback program authorized by its shareholders at the Annual General Meeting on 3 May 2024. Following the buyback, the company intends to cancel the purchased shares, which will reduce the number of outstanding ordinary shares.
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