Director dealings: IHG director lowers stake
InterContinental Hotels' new chief commercial and technology officer George Turner disposed of 10,000 ordinary shares in the FTSE 100-listed firm on Tuesday.
FTSE 100
8,083.68
09:40 24/04/24
FTSE 350
4,442.64
09:40 24/04/24
FTSE All-Share
4,396.63
09:40 24/04/24
InterContinental Hotels Group
8,016.00p
09:40 24/04/24
Travel & Leisure
7,682.29
09:39 24/04/24
Turner, who has spent the last decade as IHG's executive vice president, general counsel and company secretary, sold the shares at an average price of 4,613p each, for a total transaction value of £461,300.
Just last week, InterContinental reported a recovery in revenue per room in the fourth quarter of 2018, a year that saw the continued rapid expansion of its room network.
Across its many hotel brands, ranging from Holiday Inn, Crowne Plaza and Kimpton to newer chains Avid, Voco and Regent resorts, the group grew revenue per available room 1.9% in the final three months of the year, up from the disappointing 1.0% in the third quarter.
As of 1630 GMT, IHG shares were down 0.45% to 4,671p.
Top Director Buys
Diploma (DPLM)
Director name: Mr Johnny Thomson
Amount purchased: 22,000 @ 1,349.50p
Value: £296,890
Kromek Group (KMK)
Director name: Sir Peter Williams
Amount purchased: 50,000 @ 25.00p
Value: £12,500
Kromek Group (KMK)
Director name: Mr Lawrence Henry Neil Kinet
Amount purchased: 50,000 @ 25.00p
Value: £12,500
Kromek Group (KMK)
Director name: Mr Chris Wilks
Amount purchased: 50,000 @ 25.00p
Value: £12,500
Top Director Sells
InterContinental Hotels Group (IHG)
Director name: Mr George Turner
Amount sold: 10,000 @ 4,613.00p
Value: £461,300