Business
Share Buyback Programme
InterContinental Hotels Group PLC has announced a share buyback program of up to USD 950 million, commencing immediately and concluding by December 29, 2026, to reduce its issued share capital. The company has engaged Goldman Sachs International to execute these purchases on various stock exchanges, with the acquired shares to be cancelled. This program operates under the company's general authority granted by shareholders at the May 8, 2025 Annual General Meeting, which permits the repurchase of up to 11,073,831 shares. Disclaimer*
About this update from Intercontinental Hotels Group Plc
[{"type":"text","content":"\n\n17 February 2026 \n \nInterContinental Hotels Group PLC (the \"Company\")\n \nPurchase of own shares\n \n \n \nThe 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 950 million (the \"Programme\") in line with its strategy to return surplus capital to shareholders.\n \nIn 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 an aggregate value of up to USD 950 million. Purchases of the Company's Shares pursuant to the Programme will commence immediately and will end no later than 29 December 2026. 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 and/or Aquis. 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.\n \nThe purpose of the Programme is to reduce the issued share capital of the Company and the Shares purchased will be cancelled.\n \nAny 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 8 May 2025 (the \"2025 Authority\") and any further authority to repurchase Shares as may be granted by its shareholders from time to time and Chapter 9 of the Financial Conduct Authority's Listing Rules. The maximum number of Shares that the Company is authorised to purchase under the 2025 Authority is 11,073,831 (taking into account Shares purchased by the Company prior to 17 February 2026). P...