InterContinental Hotels Group (IHG) has continued its share buyback program by repurchasing 60,000 ordinary shares on September 16, 2026. The company said the newly bought-back shares will be canceled, reducing the number of ordinary shares in issue as part of its ongoing capital return program.
IHG Repurchases 60,000 Shares
The latest transaction was carried out on the London Stock Exchange through Goldman Sachs International, acting as IHG’s broker. The shares were purchased at prices ranging from $153.10 to $154.95, with an average purchase price of $154.3240 per share.
IHG’s buyback was conducted under an existing authority granted by shareholders. The company announced its broader $950 million share buyback program for 2026, with the program forming part of its plan to return more than $1.2 billion to shareholders during the year.
Repurchased Shares Will Be Canceled
Rather than holding the newly repurchased shares in treasury, IHG intends to cancel them. Following the latest transaction, the company reported 147,390,023 ordinary shares in issue, excluding 5,431,782 shares held in treasury.
Canceling repurchased shares permanently reduces the number of shares outstanding. With fewer shares in issue, financial measures calculated on a per-share basis can change, depending on the company’s earnings and other factors.
The latest move also continues a series of similar transactions by IHG. Earlier in September, the hotel group repurchased additional shares and announced plans to cancel them as part of the same ongoing program.
IHG Continues Capital Return Program
The buyback comes as IHG continues its broader strategy of returning capital to shareholders. In its 2026 half-year results, the company reported $1.255 billion in revenue from reportable segments, up 7% from the previous year, while operating profit increased 10% to $665 million.
IHG also reported that its adjusted free cash flow reached $360 million during the first half of 2026. The company said it remained on track to return more than $1.2 billion to shareholders during the year through dividends and share repurchases.
The latest share cancellation therefore represents another step in IHG’s ongoing buyback program. The company is continuing to repurchase shares while managing its overall capital allocation strategy.
Source : tipranks.com
