Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
20 February 2024 - 10:58PM
Edgar (US Regulatory)
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 20
February 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
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99.1
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Share
Buyback Programme dated 20 February 2024
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Exhibit
No: 99.1
20 February 2024
InterContinental Hotels Group PLC (the "Company")
Purchase of own shares
The Company announces that it will commence a share buyback
programme to purchase ordinary shares of 20340/399 pence
each in the Company ("Shares")
with aggregate value of up to USD 800 million (the
"Programme")
in line with its strategy to return surplus capital to
shareholders.
In connection with the Programme, the Company has entered into an
agreement with Goldman Sachs International ("GSI")
in relation to the purchase by GSI, acting as principal and in
accordance with certain pre-set parameters, of Shares. Under this
agreement, the Company has instructed GSI to purchase Shares with
value of up to USD 800 million. Purchases of the Company's Shares
pursuant to the Programme will commence immediately and will end no
later than 27 December 2024. GSI will make trading decisions in
relation to the Programme independently of, and uninfluenced by,
the Company with regard to the timing of the
purchases. Any
purchase of Shares by GSI contemplated by this announcement will be
carried out on the London Stock Exchange, Cboe Europe Limited
through the BXE and CXE order books and/or on Turquoise. Shares
purchased by GSI will be on-sold by GSI to the Company, and any
purchases of Shares by the Company from GSI under the Programme
will be carried out on the London Stock
Exchange.
The purpose of the Programme is to reduce the issued share capital
and the Shares purchased will be cancelled.
Any purchases under the Programme shall take place in accordance
with (and subject to the limits prescribed by) the Company's
general authority to repurchase Shares granted by its shareholders
at the Annual General Meeting on 5 May 2023 (the
"2023
Authority") and any further
authority to repurchase Shares as may be granted by its
shareholders from time to time and Chapter 12 of the Financial
Conduct Authority's Listing Rules. The maximum number of Shares
that the Company is authorised to purchase under the 2023 Authority
is 10,402,958 (taking into account Shares purchased by the Company
prior to 20 February 2024). Purchases of Shares by GSI under the
Programme shall take place in accordance with the Market Abuse
Regulation (EU) No 596/2014 (as in force in the UK and as amended
by the Market Abuse (Amendment) (EU Exit) Regulations 2019) and the
Commission Delegated Regulation (EU) No 2016/1052 (as in force in
the UK and as amended by the FCA's Technical Standards (Market
Abuse Regulation) (EU Exit) Instrument 2019).
The Company will make further regulatory announcements to
shareholders in respect of purchases of Shares under the Programme
as they occur.
For further information, please contact:
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)
About IHG Hotels & Resorts:
IHG Hotels & Resorts [LON:IHG,
NYSE:IHG (ADRs)] is a global hospitality company, with a purpose to
provide True Hospitality for Good.
With a family of 19 hotel brands and IHG
One Rewards,
one of the world's largest hotel loyalty programmes, IHG has over
6,200 open hotels in more than 100 countries, and nearly 2,000 in
the development pipeline.
● Luxury
& Lifestyle: Six
Senses Hotels Resorts Spas, Regent
Hotels & Resorts, InterContinental
Hotels & Resorts, Vignette
Collection, Kimpton
Hotels & Restaurants, Hotel
Indigo
● Premium: voco
hotels, HUALUXE
Hotels & Resorts, Crowne
Plaza Hotels & Resorts, EVEN
Hotels
● Essentials: Holiday
Inn Hotels & Resorts, Holiday
Inn Express, Garner
hotels, avid
hotels
● Suites: Atwell
Suites, Staybridge
Suites, Holiday
Inn Club Vacations, Candlewood
Suites
● Exclusive
Partners: Iberostar
Beachfront Resorts
InterContinental Hotels Group PLC is the Group's holding company
and is incorporated and registered in England and Wales.
Approximately 345,000 people work across IHG's hotels and corporate
offices globally.
Visit us online for more about our hotels
and reservations and IHG
One Rewards.
To download the new IHG One Rewards app, visit
the Apple
App or Google
Play stores.
For our latest news, visit our Newsroom and
follow us on LinkedIn.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
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InterContinental Hotels Group PLC
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(Registrant)
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By:
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/s/ C. Lindsay
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Name:
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C.
LINDSAY
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Title:
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SENIOR
ASSISTANT COMPANY SECRETARY
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Date:
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20 February 2024
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