Share repurchase programme

RNS Number : 8176E

IWG PLC

03 March 2020

 

IWG plc

Share repurchase programme

Further to the 2019 final results announcement earlier today, in which IWG plc ("IWG" or the "Company") announced its intention to increase the share repurchase programme back to £100 million (inclusive of the balance outstanding from the original programme), IWG announces that the Company has today entered into an irrevocable arrangement with Investec Bank plc to repurchase on its behalf, and within certain pre-set parameters, ordinary shares in IWG for treasury, during the period from and including 3 March 2020 to and including 1 March 2021. The arrangement is a wholly non-discretionary mandate from the Company. This arrangement is in accordance with Chapter 12 of the UKLA Listing Rules and IWG's general authority to repurchase shares. 

 

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