IWG (IWG): Share buyback and convertible repayment

This situation live

£1,745m · 186.1p · −16% since the first step

3 Mar 2026 · 2026 buyback raised to $100m; convertible largely repaid · −8% until the next step 2026 buyback programme continuing and increased by a further $50m to $100m

30 Jun 2026 · Buyback raised to $150m; closed-period buying authorised · −1% until the next step Today it announces an increase to the share buyback of $50m, taking the programme up to $150m.

11 Aug 2026 · $100m of $150m programme bought by 30 June · +2% since Repurchase of 37,971,536 shares for $100m as part of the share buyback programme.

Capital return

Share buyback and convertible repayment

$100m of $150m programme bought by 30 June

NOV3 Next: buyback update; Q3 trading update in 10 days

Every step · 5

4 Nov 2025 Buyback accelerated; $47m repurchased in Q3 – $173m of the 2027 0.5% Convertible Bond will be repaid using RCF liquidity on 9th December as expected. ↗
3 Mar 2026 2026 buyback raised to $100m; convertible largely repaid – 2026 buyback programme continuing and increased by a further $50m to $100m ↗
12 May 2026 $100m announced; $75m returned so far – We have announced $100m of share buybacks so far for 2026, and will update this with the first-half results on 11 August 2026 ↗
30 Jun 2026 Buyback raised to $150m; closed-period buying authorised – Today it announces an increase to the share buyback of $50m, taking the programme up to $150m. ↗
11 Aug 2026 $100m of $150m programme bought by 30 June – Repurchase of 37,971,536 shares for $100m as part of the share buyback programme. ↗

What is happening

IWG: Share buyback and convertible repayment – $100m of $150m programme bought by 30 June. ['$100m of $150m programme bought by 30 June']

In short: The 2026 buyback began in December 2025 and was raised to $150m from $100m on 30 June. The H1 results show $100m spent on 37,971,536 shares and $109m returned including dividends. Net debt rose to $880m, and the company says it will update on buybacks through 2026.
Announced: 4 Nov 2025 · Buyback accelerated; $47m repurchased in Q3
Latest: 11 Aug 2026 · $100m of $150m programme bought by 30 June
Authority: AGM 19 May 2026; up to 145,918,746 shares; 138,231,271 remaining
Closed period: 1 July 2026 to 11 August 2026 (2026 Interim Results)
Broker: Jefferies; irrevocable, non-discretionary, pre-agreed parameters
Inside information: Company confirms no unpublished inside information
Executed: 37,971,536 shares repurchased for $100m in H1 2026
Total returned: $109m to 30 June 2026, comprising dividends and share buybacks
Interim dividend: 0.48c per share; record date 11 Sept, paid 9 Oct 2026
Net debt: $880m at 30 June 2026 (Q1: $858m; FY2025: $715m)

buyback update; Q3 trading update (3 Nov 2026).

From the company's own announcements. Not investment advice.

Briefing Pro

What it does, how it got here, what management promised and delivered – written from its own announcements.

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