IWG PLC Director/PDMR Transaction

RNS Number : 1707Q

IWG PLC

29 May 2024

 

 

 

International Workplace Group plc (the "Company") 
Director/ PDMR Transaction

 

 

 

International Workplace Group plc announces that it was today notified that on 28th May 2024 Estorn Limited, a person closely associated with Mark Dixon, Chief Executive Officer of International Workplace Group plc, disposed of 35,000,000 ordinary shares held in the capital of the Company. The proceeds of this disposal will be used to unwind pledge and lending arrangements entered into by Estorn Limited with Deutsche Bank Luxembourg S.A..

 

As a result of this transaction Mark Dixon has an interest and voting rights in 254,795,598 ordinary shares representing approximately 25.2% of the total number of voting rights in the Company.

 

1.	Details of PDMR / person closely associated with them ("PCA")
a)	Name	Estorn Limited
b)	Position / status	Person closely associated with Mark Dixon, CEO (100% owned company)
c)	Initial notification / amendment	Initial notification
2.	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	Ordinary shares of International Workplace Group plc
b)	Nature of the transaction	Sale of ordinary shares
c)	Price(s) and volume(s)	Price(s) GBP Volume(s)  1.9582   35,000,000
d)	Aggregated information   ·      Aggregated volume   ·      Price	Total number of shares 35,000,000   Weighted average price GBP 1.9582
e)	Date of the transaction	2024-05-28
f)	Place of the transaction	Exchanges:  OUTSIDE A TRADING VENUE

 

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