Redenomination of IWG plc ordinary shares
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IWG plc today announces that following the Annual General Meeting held today, Resolution 21 was passed, changing its nominal share capital from Ordinary Shares with a par value of GBP 0.01 each to Ordinary Shares with a par value of USD 0.0124 each. The authorised share capital of the Company will be USD 99,200,000 divided into 8,000,000,000 shares designated as Ordinary Shares with a par value of USD 0.0124 each.
The change of nominal capital is expected to become effective and trading is expected to commence in the USD Ordinary Shares on Friday, 31 May 2024 at 8:00am, subject to the FCA agreeing to make the relevant change to the Official List and the LSE changing the status or agreeing to change the status of the Company's share capital admitted to trading on the LSE's main market to reflect the change of nominal capital. Shareholders will be notified if the change of nominal capital is to take effect on any day other than Friday, 31 May 2024.
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