InterContinental Hotels Executes Share Buyback – TipRanks.com – TipRanks

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

InterContinental Hotels Group PLC has announced the buyback of 20,000 of its own shares on May 3, 2024, for prices ranging between £75.88 and £77.9 per share, with an average cost of £76.8584 each. The company has declared its intention to cancel these shares, which will reduce the total number of shares in issue (excluding treasury shares). This move follows the authorization given by shareholders at the last Annual General Meeting and is part of a planned share repurchase program.

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

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