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RNS Number : 8742F IWG PLC 06 March 2024
IWG plc (the "Company")
Director/PDMR Transaction
6 March 2024
1 Details of PDMR / person closely associated
a) Name Charles Steel
2 Reason for the notification
a) Position / status CFO
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 Ordinary shares of 1p
Identification code ISIN: JE00BYVQYS01
b) Nature of the transaction Share awards granted as follows:
· 611,112 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 2026.
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.
· 157,728 share awards granted under the IWG Deferred Share Bonus
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 0.00 611,112
GBP 0.00 157,728
d) Aggregated information 768,840
- Aggregated volume
- Price
GBP 0.00
e) Date of the transaction 06 March 2024
f) Place of the transaction Outside a trading venue
c)
Price(s) and volume(s)
Price(s) Volume(s)
GBP 0.00 611,112
GBP 0.00 157,728
d)
Aggregated information
- Aggregated volume
- Price
768,840
GBP 0.00
e)
Date of the transaction
06 March 2024
f)
Place of the transaction
Outside a trading venue
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