IHG PLC Reports Share Buybacks

TL;DR

IHG buying back its own stock in late July/early August.

AI Summary

InterContinental Hotels Group PLC filed a Form 6-K on August 9, 2024, reporting transactions in its own shares. The exhibits detail share repurchases on July 29, July 30, July 31, and August 1, 2024, indicating the company is actively managing its share capital.

Why It Matters

This filing indicates InterContinental Hotels Group is repurchasing its own shares, which can signal management's confidence in the company's valuation and potentially boost earnings per share.

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
• 29 July 2024 (date) — Date of share transaction
• 30 July 2024 (date) — Date of share transaction
• 31 July 2024 (date) — Date of share transaction
• 01 August 2024 (date) — Date of share transaction

FAQ

Key Financial Figures

• $95.27350 — e(s)   Volume(s)   US $95.27350 2,000   d)    
• $190,547 — 0   US $95.27350   US $190,547   e)   Date of the tr
• $93.35 — e(s)   Volume(s)   US $93.35   600   d)  
• $56,010 — 600   US $93.35   US $56,010   e)   Date of the tr
• $92.45 — e(s)   Volume(s)   US $92.45   400   d)  
• $36,980 — 400   US $92.45   US $36,980   e)   Date

Filing Documents

• a9august.htm (6-K) — 341KB
• 0001654954-24-010206.txt ( ) — 342KB

From the Filing

FILING a9august     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 9 August 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 29 July 2024   99.2   Transaction in Own Shares dated 30 July 2024   99.3   Transaction in Own Shares dated 31 July 2024   99.4   Transaction in Own Shares dated 01 August 2024   99.5   Transaction in Own Shares dated 02 August 2024   99.6   Transaction in Own Shares dated 05 August 2024   99.7   Transaction in Own Shares dated 06 August 2024   99.8   Director/PDMR Shareholding dated 06 August 2024   99.9   Transaction in Own Shares dated 07 August 2024   99.10   Director/PDMR Shareholding dated 07 August 2024   99.11   Transaction in Own Shares dated 08 August 2024   99.12   Director/PDMR Shareholding dated 08 August 2024   99.13   Transaction in Own Shares dated 09 August 2024         Exhibit No: 99.1         29 July 2024   InterContinental Hotels Group PLC (the Company)   Purchase of own shares     The Company announces that on 26 July 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 3 May 2024 (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: 26 July 2024     Aggregate number of ordinary shares purchased: 26,971     Lowest price paid per share: £ 79.0600     Highest price paid per share: £ 80.2200     Average price paid per share: £ 79.8374     The Company intends to cancel the purchased shares.   Following the above transaction, the Company has 160,929,628 ordinary shares in issue (excluding 7,006,782 held in treasury).   A full breakdown of the individual purchases by GSI is included below.   http://www.rns-pdf.londonstockexchange.com/rns/1004Y_1-2024-7-26.pdf   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: 26,971 (ISIN: GB00BHJYC057)   Date of purchases: 26 July 2024   Investment firm: GSI   Aggregated information:     London Stock Exchange Cboe BXE Cboe CXE Turquoise Number of ordinary shares purchased 26,971       Highest price paid (per ordinary share) £ 80.2200       Lowest price paid (per ordinary share) £ 79.0600       Volume weighted average price paid(per ordinary share) £ 79.8374           Exhibit No: 99.2     30 July 2024   InterContinental Hotels Group PLC (the Company)   Purchase of own shares     The Company announces that on 29 July 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 3 May 2024 (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: 29 July 2024     Aggregate number of ordinary shares purchased: 28,358   Lowest price paid per share: £ 79.7800     Highest price paid per share: £ 80.5800     Average price paid per share: £ 80.2512 &

View Full Filing

View this 6-K filing on SEC EDGAR