IHG PLC Reports Share Buybacks
Ticker: ICHGF · Form: 6-K · Filed: Apr 5, 2024 · CIK: 858446
| Field | Detail |
|---|---|
| Company | Intercontinental Hotels Group PLC /New/ (ICHGF) |
| Form Type | 6-K |
| Filed Date | Apr 5, 2024 |
| Risk Level | low |
| Pages | 11 |
| Reading Time | 13 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, company-filing
TL;DR
IHG bought back its own shares from March 25-27, 2024.
AI Summary
InterContinental Hotels Group PLC filed a Form 6-K on April 5, 2024, reporting transactions in its own shares. The filing includes details of share repurchases on March 25, 26, and 27, 2024, as indicated by Exhibits 99.1, 99.2, and 99.3.
Why It Matters
This filing indicates the company is actively managing its share capital, potentially returning value to shareholders through repurchases.
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) — Filer of the report
- March 25, 2024 (date) — Date of share transaction
- March 26, 2024 (date) — Date of share transaction
- March 27, 2024 (date) — Date of share transaction
FAQ
What type of transactions are detailed in the exhibits?
The exhibits (99.1, 99.2, 99.3) detail transactions in InterContinental Hotels Group PLC's own shares.
On what dates did these share transactions occur?
The share transactions occurred on March 25, 2024, March 26, 2024, and March 27, 2024.
What is the purpose of a Form 6-K filing for a foreign private issuer?
A Form 6-K is used by foreign private issuers to report information that is made public, filed, or made available by the company in its home country.
What is the company's principal executive office address?
The company's principal executive office is located at 1 Windsor Dials, Arthur Road, Windsor, SL4 1RS, United Kingdom.
Does InterContinental Hotels Group PLC file an annual report under Form 20-F?
Yes, the filing indicates that the registrant files or will file annual reports under Form 20-F.
Filing Stats: 3,223 words · 13 min read · ~11 pages · Grade level 1.1 · Accepted 2024-04-05 07:16:22
Filing Documents
- interconbatch542024.htm (6-K) — 3181KB
- 0001654954-24-004278.txt ( ) — 3182KB
From the Filing
FILING interconbatch542024     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 5 April 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 25 March 2024   99.2   Transaction in Own Shares dated 26 March 2024   99.3   Transaction in Own Shares dated 27 March 2024   99.4   Transaction in Own Shares dated 28 March 2024   99.5   Transaction in Own Shares dated 2 April 2024   99.6   Transaction in Own Shares dated 3 April 2024   99.7   Transaction in Own Shares dated 4 April 2024                   Exhibit No: 99.1     25 March 2024   InterContinental Hotels Group PLC (the Company)   Purchase of own shares     The Company announces that on 22 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: 22 March 2024     Aggregate number of ordinary shares purchased: 8,000     Lowest price paid per share: £ 80.9000     Highest price paid per share: £ 81.8200     Average price paid per share: £ 81.3906   The Company intends to cancel the purchased shares.   Following the above transaction, the Company has 164,266,233 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: 8,000 (ISIN: GB00BHJYC057)   Date of purchases: 22 March 2024   Investment firm: GSI   Aggregated information:     London Stock Exchange Cboe BXE Cboe CXE Turquoise Number of ordinary shares purchased 8,000       Highest price paid (per ordinary share) £ 81.8200       Lowest price paid (per ordinary share) £ 80.9000       Volume weighted average price paid(per ordinary share) £ 81.3906         Detailed information:   Transaction Date Time Time Zone Volume Price (GBP) Trading Venue Transaction ID 22/03/2024 08:35:20 GMT 58 81.3400 XLON 960587295103482 22/03/2024 08:35:20 GMT 27 81.3800 XLON 960587295103477 22/03/2024 08:35:20 GMT 29 81.3800 XLON 960587295103476 22/03/2024 08:40:01 GMT 61 81.4200 XLON 960587295104077 22/03/2024 08:55:07 GMT 64 81.3800 XLON 960587295105783 22/03/2024 09:00:00 GMT 113 81.3600 XLON 960587295106184 22/03/2024 09:05:02 GMT 10 81.2400 XLON 960587295106752 22/03/2024 09:05:02 GMT 31 81.2400 XLON 960587295106753 22/03/2024 09:08:05 GMT 23 81.2400 XLON 960587295107104 22/03/2024 09:08:05 GMT 27 81.2400 XLON 960587295107105 22/03/2024 09:09:15 GMT 44 81.2600 XLON 960587295107230 22/03/2024 09:12:42 GMT 32 81.2600 XLON 960587295107638 22/03/2024 09:14:28 GMT 43 81.2600 XLON 960587295107800 22/03/2024 09:18:01 GMT 45 81.2200 XLON 960587295108187 22/03/2024 09:23:12 GMT 45 81.2200 XLON 960587295108734 22/03/2024 09:27:46 GMT 11 81.2200 XLON 960587295109094 22/03/2024 09:27:46 GMT 21 81.2200 XLON 960587295109095 22/03/2024 09:27:46 GMT 40 81.2200 XLON 960587295109096 22/03/2024 09:33:16 GMT 46 81.2800 XLON 960587