REG - Intnl Workplace Grp - Commencement of 2026 Share Buyback Programme

International WorkplaceAnnouncement

31/12/2025 13:00

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RNS Number : 1485N  International Workplace Group PLC  31 December 2025

 

 

31 December 2025

 

COMMENCEMENT OF 2026 SHARE BUYBACK PROGRAMME

 

International Workplace Group plc ("IWG" or the "Company") confirms that
following the last acquisition of shares on 29 December 2025, the $130m share
buyback programme for 2025 has now been completed in accordance with its terms
at a weighted-average price of 201p.

 

IWG today announces the launch of a new share buyback programme for 2026,
commencing on 2 January 2026, for an initial tranche of up to $50m and expects
to announce further tranches during 2026 in a similar manner to how the
buyback was conducted during 2025. The next update will be provided at the
full-year results on 3 March 2026.

 

The Company has entered into an arrangement with Jefferies International
Limited ("Jefferies") to conduct the 2026 share buyback programme. The
programme allows Jefferies to purchase (a) prior to the expiration of the
Company's current buyback authority granted by shareholder resolution dated 20
May 2025, 104,868,089 ordinary shares in the Company ("Shares") and, taking
into account purchases by the Company since that date, the maximum number of
Shares which the Company may purchase pursuant to that authority is
72,104,930); and (b) following such expiration, the aggregate number of Shares
authorised to be purchased by the Company under any subsequent buyback
authority granted during the arrangement.

 

The Shares will be purchased in open market transactions and may be executed
from time to time depending on market conditions, share price, trading volume
and other factors. The programme will run from 2 January 2026 until no later
than 31 December 2026 and purchases may continue during any closed period to
which the Company is subject during the above‐mentioned period. These share
purchases will be made by Jefferies acting as riskless principal.

 

Any share purchases effected pursuant to the arrangement will be subject to
the terms of the arrangement with Jefferies and in any case will be effected
in a manner consistent with the general authority vested in the Company to
repurchase shares, the Market Abuse Regulation 596/2014, the Commission
Delegated Regulation (EU) 2016/1052 (both as incorporated into UK domestic
law) and the UK Listing Rules. The aggregate purchase price under this
arrangement will not exceed US$50,000,000.

 

All Shares purchased through this arrangement will be cancelled. The sole
purpose of these share purchases is to reduce the Company's share capital.

 

 

Further information

 

International Workplace Group plc

Charlie Steel, Chief Financial Officer

Richard Manning, Head of Investor Relations

See IWG Investor Relations website for contact details

 

 

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