REG - Intnl Workplace Grp - Partial Redemption of 2027 Convertible Bonds

International WorkplaceAnnouncement

Tue 07:00

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RNS Number : 7192K  International Workplace Group PLC  09 December 2025

 

 

9 December 2025

 

PARTIAL REDEMPTION OF 2027 CONVERTIBLE BONDS

 

International Workplace Group plc ("IWG" or "the Company") announces
that £136m (swapped to $174m) in principal amount of IWG International
Holdings S.à r.l.'s £350m 0.5 per cent convertible bond due 2027 (the
"Convertible Bond") has been redeemed at par on 9 December 2025 following the
exercise by certain bondholders of a redemption option pursuant to the terms
and conditions of the Convertible Bond. The US dollar currency derivative on
the notional amount of the Convertible Bond has been unwound simultaneously.

 

Following this redemption, £4m ($5m) in aggregate principal amount of the
Convertible Bond remains outstanding.

 

Redemption was funded from existing liquidity resources.

 

Following redemption, the Company's net debt position remains unchanged. Aside
from the $5m outstanding Convertible Bonds, the Company has no financial debt
maturities until the RCF in 2029.

 

Further information

International Workplace Group plc

Charlie Steel, Chief Financial Officer

Richard Manning, Head of Investor Relations

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