IHG PLC Reports Share Buybacks
Ticker: ICHGF · Form: 6-K · Filed: Mar 22, 2024 · CIK: 858446
| Field | Detail |
|---|---|
| Company | Intercontinental Hotels Group PLC /New/ (ICHGF) |
| Form Type | 6-K |
| Filed Date | Mar 22, 2024 |
| Risk Level | low |
| Pages | 11 |
| Reading Time | 13 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, insider-transaction, company-update
TL;DR
IHG bought back its own shares March 11-13. Buy signal?
AI Summary
InterContinental Hotels Group PLC filed a Form 6-K on March 22, 2024, reporting transactions in its own shares. The filing includes details of share repurchases on March 11, 12, and 13, 2024, as indicated by Exhibits 99.1, 99.2, and 99.3.
Why It Matters
This filing indicates InterContinental Hotels Group is actively managing its share capital, potentially signaling confidence in its valuation or a strategy to return capital to shareholders.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of share transactions and does not present new financial risks.
Key Players & Entities
- InterContinental Hotels Group PLC (company) — Registrant
- March 11, 2024 (date) — Share transaction date
- March 12, 2024 (date) — Share transaction date
- March 13, 2024 (date) — Share transaction date
FAQ
What specific number of shares were repurchased on March 11, 12, and 13, 2024?
The filing does not specify the exact number of shares repurchased in Exhibits 99.1, 99.2, and 99.3, only that transactions occurred on these dates.
What was the total cost of the share repurchases during the specified dates?
The total cost of the share repurchases is not detailed in this Form 6-K filing.
What is the purpose of these share transactions for InterContinental Hotels Group PLC?
The filing indicates these are 'Transactions in Own Shares', which typically relate to share buyback programs aimed at returning capital to shareholders or managing share count.
Does this filing indicate any new financial performance or outlook for IHG?
No, this Form 6-K is specifically reporting on share transactions and does not contain information on financial performance or outlook.
Where can I find more details about the share repurchase program?
Further details on the share repurchase program might be available in previous filings or the company's annual reports (Form 20-F).
Filing Stats: 3,232 words · 13 min read · ~11 pages · Grade level 1.6 · Accepted 2024-03-22 09:42:26
Filing Documents
- interconbatch22032024.htm (6-K) — 3767KB
- 0001654954-24-003527.txt ( ) — 3769KB
From the Filing
FILING interconbatch22032024     SECURITIES AND EXCHANGE COMMISSION     Washington DC 20549     FORM 6-K     REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 AND 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934     For  22 March 2024     InterContinental Hotels Group PLC (Registrant's name)     1 Windsor Dials, Arthur Road, Windsor, SL4 1RS, United Kingdom (Address of principal executive offices)     Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.     Form 20-F           Form 40-F           EXHIBIT INDEX   99.1   Transaction in Own Shares dated 11 March 2024   99.2   Transaction in Own Shares dated 12 March 2024   99.3   Transaction in Own Shares dated 13 March 2024   99.4   Transaction in Own Shares dated 14 March 2024   99.5   Transaction in Own Shares dated 15 March 2024   99.6   Transaction in Own Shares dated 18 March 2024   99.7   Transaction in Own Shares dated 19 March 2024   99.8   Transaction in Own Shares dated 20 March 2024   99.9   Transaction in Own Shares dated 21 March 2024               Exhibit No: 99.1   11 March 2024   InterContinental Hotels Group PLC (the Company)     Purchase of own shares         The Company announces that on 08 March 2024 it purchased the following number of its ordinary shares of 20 340/399  pence each through Goldman Sachs International (" GSI ") on the London Stock Exchange in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 5 May 2023 (the " Purchase "). The Purchase was effected pursuant to instructions issued by the Company on 20 February 2024, as announced on 20 February 2024 .     Date of purchase: 08 March 2024     Aggregate number of ordinary shares purchased: 10,000     Lowest price paid per share: £ 80.9000     Highest price paid per share: £ 82.0200     Average price paid per share: £ 81.4984     The Company intends to cancel the purchased shares.   Following the above transaction, the Company has 164,354,035 ordinary shares in issue (excluding 7,006,782 held in treasury).   A full breakdown of the individual purchases by GSI is included below.   Enquiries to:   InterContinental Hotels Group PLC:   Investor Relations: Stuart Ford (+44 (0)7823 828 739); Aleksandar Milenkovic (+44 (0)7469 905 720);                              Joe Simpson (+44 (0)7976 862 072) Media Relations: Mike Ward (+44 (0)7795 257 407)   Schedule of Purchases   Shares purchased: 10,000 (ISIN: GB00BHJYC057)   Date of purchases: 08 March 2024   Investment firm: GSI   Aggregated information:     London Stock Exchange Cboe BXE Cboe CXE Turquoise Number of ordinary shares purchased 10,000       Highest price paid (per ordinary share) £ 82.0200       Lowest price paid (per ordinary share) £ 80.9000       Volume weighted average price paid(per ordinary share) £ 81.4984           Detailed information:   Transaction Date Time Time Zone Volume Price (GBP) Trading Venue Transaction ID 08/03/2024 08:36:33 GMT 1 81.9600 XLON 951928641033811 08/03/2024 08:36:33 GMT 126 81.9600 XLON 951928641033812 08/03/2024 08:43:17 GMT 68 81.9200 XLON 951928641034605 08/03/2024 08:59:55 GMT 101 81.8800 XLON 951928641038522 08/03/2024 09:07:15 GMT 129 81.8200 XLON 951928641039873 08/03/2024 09:11:51 GMT 14 81.9600 XLON 951928641040611 08/03/2024 09:11:51 GMT 29 81.9600 XLON 951928641040612 08/03/2024 09:13:17 GMT 25 81.9800 XLON 951928641040744 08/03/2024 09:13:17 GMT 28 81.9800 XLON 951928641040743 08/03/2024 09:20:32 GMT 99 81.9400 XLON 951928641041536 08/03/2024 09:26:06 GMT 62 81.9600 XLON 951928641042403 08/03/2024 09:33:05 GMT 76 81.7600 XLON 951928641043572 08/03/2024 09:42:11 GMT 64 81.6600 XLON 951928641045151 08/03/2024 09:48:20 GMT 47 81.8200 XLON 9519286410