REG - Intnl Workplace Grp Regus PLC - Partial Repurchase of Convertible Bond

International WorkplaceAnnouncement

22/10/2024 07:00

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RNS Number : 0298J  International Workplace Group PLC  22 October 2024

 

22 October 2024

 

PARTIAL REPURCHASE OF CONVERTIBLE BOND

 

International Workplace Group plc ("IWG" or "the Company") announces that it
has repurchased a further £10.8m in aggregate principal amount of IWG
International Holdings S.À R.L.'s £350m 0.5 per cent. convertible bond due
2027 (the "Convertible Bond") at a weighted average price of 94.4%,
representing a total consideration of £10.2m. The associated portion of the
US dollar currency derivative on the notional amount of the Convertible Bond
repurchased has been unwound simultaneously.

 

Following this purchase, £158.2m (swapped to $201.3m) in aggregate principal
amount of the Convertible Bonds remains outstanding. IWG may look to make
further repurchases from time to time, subject to market conditions.

 

The Convertible Bonds which have been repurchased will be surrendered by the
Company for cancellation.

 

This notification complies with LR 9.7.2 in relation to the aggregate
repurchase of 54.9% of the principal amount of the Convertible Bonds initially
issued. Further announcements will be made in accordance with the Listing
Rules in the event that more Convertible Bonds are repurchased.

 

 

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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