InterContinental Hotels Group Reduces Share Count Through Buyback

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

InterContinental Hotels Group has repurchased 20,000 of its own shares at an average price of £93.53 per share on the London Stock Exchange. The transaction, facilitated by Goldman Sachs International, will result in the cancellation of these shares, reducing the total number of shares in circulation. This move reflects the company’s strategy to manage its equity structure and potentially enhance shareholder value.

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