Completion of Strategic Partnership Transaction

RNS Number : 7662A

IWG PLC

31 May 2019

 

31 May 2019

Completion of Strategic Partnership Transaction

Further to its announcement of 15 April 2019, the Board of IWG plc ("IWG"), global operator of leading co-work and workspace brands, is pleased to announce that the divestment of its Japanese operations to TKP completed on 31 May 2019.

Under the long term master franchise agreement, TKP has exclusive rights to the use of the Regus, Spaces and OpenOffice brands in Japan.  TKP will continue to operate the Japanese centres under IWG's brands and operating platform, and has committed to a development plan which will add significantly to IWG's centre network in Japan.

Enquiries

IWG plc Tim Regan, Company Secretary Wayne Gerry, Group Investor Relations Director	[phone]
Rothschild & Co Alex Midgen Sam Green	[phone]
Brunswick Nick Cosgrove Simone Selzer	[phone]

 

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