REG - IWG Plc Regus PLC - Director/PDMR Transaction

IwgAnnouncement

06/03/2024 16:00

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RNS Number : 8752F  IWG PLC  06 March 2024

IWG plc (the "Company")

Director/PDMR Transaction

6 March 2024

 1   Details of PDMR / person closely associated
 a)  Name                                                         Mark Dixon
 2   Reason for the notification
 a)  Position / status                                            CEO
 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:

                                                                  ·      1,215,278 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.

                                                                  ·      313,664 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  1,215,278
                                                                  GBP 0.00  313,664

 d)  Aggregated information                                       1,528,942

     -     Aggregated volume                                      GBP 0.00

     -     Price
 e)  Date of the transaction                                      6 March 2024
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

-     Aggregated volume

-     Price

1,528,942

GBP 0.00

e)

Date of the transaction

6 March 2024

f)

Place of the transaction

Outside a trading venue

 

 

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