REG - Intnl Workplace Grp - Second Tranche of Share Buyback

International WorkplaceAnnouncement

Mon 07:02

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RNS Number : 8588O  International Workplace Group PLC  30 June 2025

 

30 June 2025

 

INTERNATIONAL WORKPLACE GROUP ANNOUNCES THE LAUNCH OF THE SECOND TRANCHE OF
THE $100m SHARE BUYBACK

 

International Workplace Group plc confirms that following the last acquisition
of shares on 26(th) June 2025, the first $50m tranche of its share buyback
programme of up to $100m, has now been completed in accordance with its terms.

 

The Company today announces the launch of the second tranche of $50 million
(the 'Second Tranche') announced on 6 May 2025. The purpose of the Second
Tranche remains the reduction of the Company's share capital and the Second
Tranche will continue to be carried out in accordance with the authorization
granted by the Annual General Shareholders' Meeting held on 20 May 2025.

 

The Company further notes that the Board has granted authority to Jefferies
International Limited ('Jefferies'), to purchase the Company's ordinary shares
in the market during the closed period (commencing from 1 July 2025 until 19
August 2025, being the date of its 2025 Interim Results, the 'Closed Period'),
subject to pre-agreed parameters.

 

The authority granted is irrevocable and non-discretionary, and during the
Closed Period the Board has no power to invoke any changes to the authority
and any purchases will be undertaken at the sole discretion of Jefferies.

 

The Company confirms that it currently has no unpublished inside information.

 

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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