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InterContinental Hotels Group buys back 46,540 shares to cancel, reducing outstanding shares.

Company Fundamentals
18 May 2026
Accesswire
View Source
Neutral
pluang ai news

InterContinental Hotels Group PLC repurchased 46,540 of its ordinary shares on May 15, 2026, through Goldman Sachs International on the London Stock Exchange. The shares were bought at an average price of $148.07 each, under authority granted by shareholders in May 2025. The company plans to cancel these repurchased shares, which will reduce the total number of shares outstanding. This move is typically aimed at increasing shareholder value by reducing share supply.

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