Result of AGM
International Workplace Group PLC announced that all resolutions proposed at its Annual General Meeting were passed by shareholders, with total votes cast representing approximately 72.42% of the share capital for most resolutions. Notably, the company highlighted that swap arrangements with US-based investors, representing around 12% of outstanding voting rights, prevented these shareholders from voting, though they confirmed they would have voted in favour of all resolutions. This situation artificially lowered the reported shareholder support for the resolutions.
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International Workplace Group plc held its Annual General Meeting for shareholders today at 11am (CET).
All resolutions proposed at the meeting were passed by the requisite majorities and were decided by means of a poll vote. The full results of voting on each resolution are set out below.
The total number of shares in issue and eligible to be voted (excluding treasury shares) as at close of business 15 May 2026, being the date on which shareholders needed to be on the register of members to be entitled to vote at the AGM, was 964,686,340 Ordinary shares.
Resolutions 1 to 16 (inclusive) proposed as ordinary resolutions
| Resolution Number | For* | % | Against* | % | Withheld* | Total Votes* | % of share capital voted* |
|---|---|---|---|---|---|---|---|
| 1 | 693,215,421 | 99.95% | 356,726 | 0.05% | 6,569,093 | 693,572,147 | 71.90 |
| 2 | 611,314,095 | 87.55% | 86,971,257 | 12.46% | 1,855,888 | 698,285,352 | 72.38 |
| 3 | 698,658,530 | 100.00% | 80 | 0.00% | 1,482,630 | 698,658,610 | 72.42 |
| 4 | 696,394,466 | 99.68% | 2,249,744 | 0.32% | 1,497,030 | 698,644,210 | 72.42 |
| 5 | 698,572,481 | 99.99% | 70,729 | 0.01% | 1,498,030 | 698,643,210 | 72.42 |
| 6 | 690,681,312 | 98.86% | 7,976,898 | 1.14% | 1,483,030 | 698,658,210 | 72.42 |
| 7 | 698,236,329 | 99.94% | 421,881 | 0.06% | 1,483,030 | 698,658,210 | 72.42 |
| 8 | 669,464,899 | 96.07% | 27,371,301 | 3.93% | 3,305,040 | 696,836,200 | 72.23 |
| 9 | 592,864,113 | 84.88% | 105,584,097 | 15.12% | 1,693,030 | 698,448,210 | 72.40 |
| 10 | 593,763,536 | 84.99% | 104,894,220 | 15.02% | 1,483,484 | 698,657,756 | 72.42 |
| 11 | 650,109,063 | 93.05% | 48,548,693 | 6.95% | 1,483,484 | 698,657,756 | 72.42 |
| 12 | 650,095,379 | 93.05% | 48,562,377 | 6.95% | 1,483,484 | 698,657,756 | 72.42 |
| 13 | 694,794,252 | 99.45% | 3,863,504 | 0.55% | 1,483,484 | 698,657,756 | 72.42 |
| 14 | 641,166,626 | 91.77% | 57,491,130 | 8.23% | 1,483,484 | 698,657,756 | 72.42 |
| 15 | 692,395,546 | 99.10% | 6,262,622 | 0.90% | 1,483,072 | 698,658,168 | 72.42 |
| 16 | 698,650,084 | 100.00% | 5,000 | 0.00% | 1,486,156 | 698,655,084 | 72.42 |
* These figures include proxy votes. Where shareholders have appointed the Chairman of the meeting as their proxy with discretion as to voting on the resolutions, those votes have been cast in favour of the relevant resolutions. A vote withheld is not a vote in law, withheld votes therefore do not form part of the total votes cast.
Resolutions 17 to 21 (inclusive) proposed as special resolutions
| Resolution Number | For* | % | Against* | % | Withheld* | Total Votes* | % of share capital voted* |
|---|---|---|---|---|---|---|---|
| 17 | 689,545,203 | 98.70% | 9,065,547 | 1.30% | 1,530,490 | 698,610,750 | 72.42 |
| 18 | 670,172,761 | 95.92% | 28,485,007 | 4.08% | 1,483,472 | 698,657,768 | 72.42 |
| 19 | 668,678,335 | 95.71% | 29,978,979 | 4.29% | 1,483,926 | 698,657,314 | 72.42 |
| 20 | 686,638,238 | 98.28% | 12,016,846 | 1.72% | 1,486,156 | 698,655,084 | 72.42 |
| 21 | 698,642,575 | 100.00% | 10,825 | 0.00% | 1,487,840 | 698,653,400 | 72.42 |
* These figures include proxy votes. Where shareholders have appointed the Chairman of the meeting as their proxy with discretion as to voting on the resolutions, those votes have been cast in favour of the relevant resolutions. A vote withheld is not a vote in law, withheld votes therefore do not form part of the total votes cast.
Impact of swap arrangements on AGM voting
The Board notes that, as previously communicated, the support of shareholders voting at its AGMs is under-represented as a result of longer-term shareholders, primarily based in the United States, investing in the Company through swap structures which are unable to vote at the AGM. This has been reflected in the decreased percentage of total shares outstanding voting at the last several AGMs. The Company has confirmed with the four largest such investors known to the Company which hold approximately 12% of its outstanding voting rights that they would have voted "for" on all of the resolutions voted on at the 2026 AGM and, had this been reflected in the voting outcomes, the shareholder support for each of the resolutions at the 2026 AGM would have increased as a result.
National Storage Mechanism
A copy of the resolutions approved at the Annual General Meeting has been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
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