Director/PDMR Transaction

RNS Number : 4511S

IWG PLC

09 March 2023

 

IWG plc (the "Company")

Director/PDMR Transaction

9 March 2023

1	Details of PDMR / person closely associated
a)	Name	Mark Dixon
2	Reason for the notification
a)	Position / status	CEO
b)	Initial notification / Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IWG plc
b)	LEI	2138003LWDII27UTAG52
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 1p ISIN: JE00BYVQYS01
b)	Nature of the transaction	Share awards granted as follows: · 1,139,027 share awards granted under the IWG Performance Share Plan.  No consideration was paid for the grant of the awards which are structured as nominal cost options.  The vesting of an award is subject to the satisfaction of performance conditions set by the Remuneration Committee of the Company measured over a three-year period ended 31 December 2025. Awards will be subject to a holding period of two years following achievement of performance conditions   and will normally become exercisable on the fifth anniversary of the grant of the awards, and will then normally remain exercisable until the day before the tenth anniversary of the date of grant provided the individual remains an employee or officer of the group. · 113,903 share awards granted under the IWG Deferred Bonus Share Plan.  No consideration was paid for the grant of the awards which are structured as nominal cost options. The awards will normally vest on the third anniversary of the grant of the awards and will then normally remain exercisable until the day before the tenth anniversary of the date of grant provided the individual remains an employee or officer of the group.
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP 0.00 1,139,027 GBP 0.00 113,903
d)	Aggregated information -  Aggregated volume -  Price	1,252,930  GBP 0.00
e)	Date of the transaction	8 March 2023
f)	Place of the transaction	Outside a trading venue

 

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