Second Tranche of Share Buyback
IWG completes first $50m tranche of $100m buyback and launches second tranche.
- First tranche completed $50m
- Second tranche launched $50m
- Total buyback programme $100m
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International Workplace Group plc confirms that following the last acquisition of shares on 26th 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The Company confirms that it currently has no unpublished inside information.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.