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IHG chief's wife makes second major share sale

Chief executive Richard Solomons' wife takes the chance to sell nearly £1.2m-worth of shares in the global hotel chain
November 10, 2016

With shares in InterContinental Hotels Group (IHG) back to where they were a year ago after a volatile 12 months, now might be a good time to take some profits. At least, that's what Karin Solomons, the wife of chief executive Richard Solomons, seems to think.

IC TIP: Sell at 3073p

Mrs Solomons sold 37,340 shares at a price of 3,156p generating a windfall of nearly £1.2m. This comes just months after the pair generated £2.5m in aggregate through separate disposals amounting to 82,980 shares at 3,078p apiece in August.

The share sale comes at a patchy time for InterContinental. The group's revenue per available room (RevPAR) - a key growth metric used by the hotel industry - rose in the first half of the financial year, but each geography had issues. For the Americas, RevPAR rose 1.9 per cent, but would have been stronger had it not been for a 10.3 per cent fall in the first quarter across oil-exposed regions of the US.

 

Buys
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Active Energy  Brian Evans-Jones (fd)01 Nov 16150,0002.864,2901,650,0000.250
Active Energy♥  Matteo Girlanda02 Nov 1666,0003.22,11263,426,0009.622
Active Energy  Richard Spinks (ceo)01 Nov 1663,00031,89010,225,0001.551
Active Energy  Michael Rowan01 Nov 16160,0002.94,640160,0000.024
AstraZeneca♥ Graham Chipchase27 Oct 161004807.954,8083,1000.000
Barratt Developments John Allan (ch)31 Oct 1611,103452.750,26334,2050.003
Berendsen Iain Ferguson (ch)27 Oct 1610,0001033103,300120,0000.070
Berendsen James Drummond (ceo)28 Oct 1610,00099499,40020,0000.012
BlackRock Smaller Companies Trust Robert Robertson28 Oct 165,00090145,05091,0620.190
CLS Holdings♥ John Whiteley (cfo)02 Nov 1640415276,16914,0000.034
CVS  Richard Connell (ch)28 Oct 162,109878.518,528100,0000.166
Crossrider Ido Erlichman (ceo)27 Oct 16100,0003535,000100,0000.071
Crossrider Moran Laufer (cfo)27 Oct 1650,0003517,50050,0000.035
Cyan Holdings* John Read01 Nov 16898,0550.181,61650,326,7510.333
Cyan Holdings* John Cronin (ch)01 Nov 1610,803,5740.1819,446325,549,3612.156
Cyan Holdings* Henry Berry01 Nov 164,165,8560.187,49975,771,5140.502
Cyan Holdings* Simon Smith (cfo)01 Nov 164,873,8220.188,773187,884,8431.244
Cyan Holdings* Paul Ratcliff01 Nov 16989,2590.181,7819,702,5630.064
EG Solutions George Rolls31 Oct 1616,45049.58,14316,4500.073
EG Solutions Nigel Payne (ch)31 Oct 1616,45049.58,14316,4500.073
Equiniti  Guy Wakeley (ceo)02 Nov 165,12819510,0001,319,8130.440
Inchcape John Langston01 Nov 16302650.51,9653,3140.001
Inchcape Alison Cooper01 Nov 16242650.51,5745,0690.001
Inchcape Coline McConville01 Nov 16302650.51,9651,9230.000
Inchcape Nigel Stein01 Nov 16241650.51,5689,3150.002
Inchcape Till Vestring01 Nov 16426650.52,77164,3890.015
JPMorgan Mid Cap Investment Trust Richard Huntingford02 Nov 166,00086651,9607,5000.031
Legal & General  Richard Meddings01 Nov 161,317208.82,75022,4920.000
Legal & General  Carolyn Bradley01 Nov 16857208.81,78914,8910.000
Legal & General  Rudy Markham01 Nov 162,376208.84,961292,9040.005
Legal & General  Stuart Popham01 Nov 16972208.82,03067,6580.001
Midwich♥  Andrew Herbert (ch)28 Oct 1610,00022022,00020,0000.025
North Midland Construction♥ Robert Moyle (ch)28 Oct 163,2001605,120464,6084.577
Oakley Capital Investments Peter Dubens27 Oct 16260,000146.5380,9001,410,0000.743
Pacific Assets Trust Robert Talbut02 Nov 164,729252.2511,9294,7290.004
Parity  Alan Rommel (ceo)28 Oct 16200,000816,000210,6320.207
Parity  David Firth01 Nov 16100,0008.758,750100,0000.098
Parity  Roger Antony (fd)28 Oct 16100,00088,000100,0000.098
Pendragon♥ Mel Egglenton (ch)28 Oct 16132,97129.85739,701448,2230.031
Pendragon Jeremy King28 Oct 1666,48329.85719,850145,0300.010
Pendragon Martin Casha28 Oct 16664,86929.857198,5108,794,3010.610
Pendragon Trevor Finn (ceo)28 Oct 16997,30629.857297,76618,216,6231.265
Schroder UK Mid Cap Fund Robert Talbut28 Oct 162,56441410,6155,0640.014
Shires Income Robert Talbut27 Oct 165,47121811,92710,4710.035
Time Out  Julio Bruno (ceo)28 Oct 1670,62414199,58070,6240.054
Utilitywise♥ Brendan Flattery (ceo)31 Oct 1660,000165.36999,22160,0000.077
VPC Speciality Lending Investments♥ Richard Levy31 Oct 1678,2878062,6301,033,0760.270
Venn Life Sciences Holdings Allan Wood (ch)31 Oct 1665,00021.513,97565,0000.108
Venn Life Sciences Holdings Allan Wood (ch)01 Nov 16165,00021.7335,855230,0000.382

Sells
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Eco Animal Health♥  Peter Lawrence (ch)28 Oct 16140,000500700,0009,798,47715.077
Equiniti♥  John Stier (cfo)27 Oct 1630,00020.3296,099448,9100.150
Equiniti  John Stier (cfo)27 Oct 16295,00020.32959,971478,9100.160
Equiniti  Kevin Beeston (ch)27 Oct 16368,914203.29749,965506,3040.169
GW Pharmaceuticals Geoffrey Guy (ch)27 Oct 16138,3188041,112,07713,379,5344.424
GW Pharmaceuticals Geoffrey Guy (ch)28 Oct 1631,682790250,28813,347,8524.413
GlaxoSmithKline Sir Andrew Witty (ceo)27 Oct 1610,0001636.5163,6501,154,8860.024
InterContinental Hotels♥  Richard Solomons31 Oct 1637,3403156.6851,178,706403,3150.204
Surgical Innovations♥  Nigel Rogers (ch)01 Nov 16483,8093.12515,1192,140,0000.438
Surgical Innovations  Nigel Rogers (ch)01 Nov 16723,2223.12522,6012,623,8090.537
* placing/tender/open offer ♥ spouse/connected party