InterContinental Hotels Group PLC (IHG) has announced the purchase of 75,487 of its own ordinary shares on 10 November 2026, executed through Goldman Sachs International on the London Stock Exchange. The buyback, carried out under shareholder authority granted at the Annual General Meeting on 8 May 2025, forms part of a programme first announced on 17 February 2026. The company intends to cancel all purchased shares, reducing the total number in issue and potentially enhancing earnings per share for remaining investors.

Key Points

  • InterContinental Hotels Group PLC (IHG) — global hospitality company listed on the London Stock Exchange
  • IHG purchased 75,487 ordinary shares of 20 340/399 pence each on 10 November 2026 via Goldman Sachs International
  • Shares were bought at prices ranging from $179.0500 to $181.9500, with an average price of $180.2682 per share
  • Investors should watch for further buyback tranches under the February 2026 programme instructions

IHG Executes 10 November 2026 Share Purchase Through Goldman Sachs International

InterContinental Hotels Group, one of the world's largest hotel companies operating brands including InterContinental, Holiday Inn, and Crowne Plaza, confirmed the purchase of 75,487 ordinary shares through Goldman Sachs International on the London Stock Exchange on 10 November 2026. The lowest price paid per share was $179.0500 and the highest was $181.9500, resulting in a volume-weighted average price of $180.2682. A full breakdown of individual transactions is available via the London Stock Exchange's RNS document service. The company did not disclose the aggregate total cost in the announcement.

Shareholder Authority and February 2026 Programme Instructions Underpin the Transaction

The buyback was conducted in accordance with authority granted by shareholders at IHG's Annual General Meeting on 8 May 2025, and was effected pursuant to instructions the company issued on 17 February 2026, which were publicly announced on that date. This framework is a standard mechanism that allows listed companies to repurchase shares in an orderly, pre-authorised manner without seeking case-by-case approval. The continued execution of purchases under these standing instructions indicates that the February 2026 programme remains active, with investors able to monitor further tranches as they are disclosed.

Cancellation of Purchased Shares to Reduce IHG's Shares in Issue to 146,511,042

IHG has stated its intention to cancel all 75,487 shares acquired in this transaction rather than retain them in treasury. Following the purchase, the company has 146,511,042 ordinary shares in issue, excluding 5,431,782 shares currently held in treasury. Cancelling repurchased shares, rather than holding them in treasury, permanently reduces the total share count, which can support earnings-per-share metrics over time. The treasury position of 5,431,782 shares remains unchanged by this specific transaction, as the announcement confirms the newly purchased shares are earmarked for cancellation.

IHG Investor Relations Contacts Disclosed Alongside Buyback Notification

The announcement identifies IHG's investor relations team, naming Stuart Ford, Kate Carpenter, and Joe Simpson as contacts for investor enquiries, alongside media relations representatives Neil Maidment and Mike Ward. This disclosure accompanies the standard regulatory notification required under the UK's share buyback transparency rules. Investors and analysts tracking the pace and total scale of IHG's ongoing capital return programme may wish to monitor subsequent RNS announcements, as each individual purchase day requires a separate notification under current market regulations.