IWG PLC Director/PDMR Transaction (2358S)

TIDMIWG TIDMTTM

RNS Number : 2358S

IWG PLC

08 March 2019

IWG plc (the "Company")

Director/PDMR Transaction

8 March 2019

 
 1    Details of PDMR / person closely associated 
 a)   Name                           Mark Dixon 
     -----------------------------  ---------------------------------------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Position / status              CEO 
     -----------------------------  ---------------------------------------------------------------------------------- 
 b)   Initial notification           Initial notification 
       / Amendment 
     -----------------------------  ---------------------------------------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Name                           IWG plc 
     -----------------------------  ---------------------------------------------------------------------------------- 
 b)   LEI                            2138003LWDII27UTAG52 
     -----------------------------  ---------------------------------------------------------------------------------- 
 4    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                    Ordinary shares of 1p 
       of the financial 
       instrument, 
       type of instrument             ISIN: JE00BYVQYS01 
       Identification 
       code 
     -----------------------------  ---------------------------------------------------------------------------------- 
 b)   Nature of the                                      Share awards granted as follows: 
       transaction                                          *    690,377 share awards under the IWG Performance Share 
                                                                 Plan. No consideration was paid for the grant of the 
                                                                 awards which are structured as nominal cost options. 
                                                                 The vesting of an award is subject to the 
                                                                 satisfaction of performance conditions set by the 
                                                                 Remuneration Committee of the Company. The awards 
                                                                 will normally vest on the fifth anniversary of the 
                                                                 grant of the awards, and will then normally remain 
                                                                 exercisable until the day before the tenth 
                                                                 anniversary of the date of grant provided the 
                                                                 individual remains an employee or officer of the 
                                                                 group; and 
 
 
                                                            *    112,014 share awards granted under the IWG Deferred 
                                                                 Bonus Share Plan. No consideration was paid for the 
                                                                 grant of the awards which are structured as nominal 
                                                                 cost options. The awards will normally vest on the 
                                                                 third anniversary of the grant of the awards and will 
                                                                 then normally remain exercisable until the day before 
                                                                 the tenth anniversary of the date of grant provided 
                                                                 the individual remains an employee or officer of the 
                                                                 group. 
     -----------------------------  ---------------------------------------------------------------------------------- 
 c)   Price(s) and                    Price(s)    Volume(s) 
       volume(s)                       GBP 0.00    690,377 
                                                  ---------- 
                                       GBP 0.00    112,014 
                                                  ---------- 
     -----------------------------  ---------------------------------------------------------------------------------- 
 d)        Aggregated information 
            *    Aggregated volume 
                                       802,391 
                                       GBP 0.00 
            *    Price 
     -----------------------------  ---------------------------------------------------------------------------------- 
 e)   Date of the                    7 March 2019 
       transaction 
     -----------------------------  ---------------------------------------------------------------------------------- 
 f)   Place of the                   Outside a trading venue 
       transaction 
     -----------------------------  ---------------------------------------------------------------------------------- 
 

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March 08, 2019 05:00 ET (10:00 GMT)