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 18 February 2025
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 18 February 2025
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Exhibit
No: 99.1
18 February 2025
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 900 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 Merrill Lynch International ("MLI")
in relation to the purchase by MLI, acting as principal and in
accordance with certain pre-set parameters, of Shares. Under this
agreement, the Company has instructed MLI to purchase Shares with
an aggregate value of up to USD 900 million. Purchases of the
Company's Shares pursuant to the Programme will commence
immediately and will end no later than 29 December 2025. MLI 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 MLI 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 MLI will be on-sold by MLI to the
Company, and any purchases of Shares by the Company from MLI under
the Programme will be carried out on the London Stock
Exchange.
The purpose of the Programme is to reduce the issued share capital
of the Company 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 3 May 2024 (the
"2024
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 2024 Authority
is 11,209,672 (taking into account Shares purchased by the Company
prior to 18 February 2025). Purchases of Shares by MLI under the
Programme shall also take place in accordance with the Market Abuse
Regulation (EU) No 596/2014 (as incorporated into UK domestic law
by the European Union (Withdrawal) Act 2018 and as amended by the
Market Abuse (Amendment) (EU Exit) Regulations 2019) and the
Commission Delegated Regulation (EU) No 2016/1052 (as incorporated
into UK domestic law by the European Union (Withdrawal) Act 2018
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:
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Investor Relations:
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Stuart
Ford (+44 (0)7823 828 739); Kate Carpenter (+44 (0)7825 655 702);
Joe Simpson (+44 (0)7976 862 072)
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Media Relations:
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Neil Maidment (+44 (0)7970 668 250); Mike Ward (+44 (0)7795 257
407)
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About IHG Hotels & Resorts:
IHG Hotels & Resorts (tickers:
LON:IHG for Ordinary Shares; NYSE:IHG for 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
6,600 open hotels in more than 100 countries, and a development
pipeline of over 2,200 properties.
-
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 Express, Holiday
Inn Hotels & Resorts, 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 375,000 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 IHG One Rewards app, visit the Apple
App or Google
Play stores.
For our latest news, visit our Newsroom and
follow us on LinkedIn
Cautionary note regarding forward-looking statements:
This announcement contains certain forward-looking statements as
defined under United States law (Section 21E of the Securities
Exchange Act of 1934) and otherwise. These forward-looking
statements can be identified by the fact that they do not relate
only to historical or current facts. Forward-looking statements
often use words such as 'anticipate', 'target', 'expect',
'estimate', 'intend', 'plan', 'goal', 'believe' or other words of
similar meaning. These statements are based on assumptions and
assessments made by InterContinental Hotels Group PLC's management
in light of their experience and their perception of historical
trends, current conditions, expected future developments and other
factors they believe to be appropriate. By their nature,
forward-looking statements are inherently predictive, speculative
and involve risk and uncertainty. There are a number of factors
that could cause actual results and developments to differ
materially from those expressed in or implied by, such
forward-looking statements. The main factors that could affect the
business and the financial results are described in the 'Risk
Factors' section in the current InterContinental Hotels Group PLC's
Annual report and Form 20-F filed with the United States Securities
and Exchange Commission.
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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18 February 2025
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