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InterContinental Hotels Executes Share Buyback

InterContinental Hotels Executes Share Buyback

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

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InterContinental Hotels Group PLC has announced the repurchase of 19,905 of its own ordinary shares on April 23, 2024, for cancellation purposes. The shares were bought on the London Stock Exchange via Goldman Sachs International at prices ranging from £79.7600 to £80.9000, with an average price of £80.1710. This buyback follows the shareholder authority granted at the Annual General Meeting on May 5, 2023, and reduces the number of ordinary shares in issue, excluding treasury-held shares.

For further insights into GB:IHG stock, check out TipRanks’ Stock Analysis page.

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