IWG.L

IWG Plc
Intnl Workplace Grp - Partial Repurchase of Convertible Bond
12th August 2024, 06:00
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
RNS Number : 9844Z
International Workplace Group PLC
12 August 2024
 

A black background with a black square Description automatically generated with medium confidence 

 

 


12 August 2024

 

PARTIAL REPURCHASE OF CONVERTIBLE BOND

 

International Workplace Group plc ("IWG" or "the Company") announces that it has repurchased £37.2m in aggregate principal amount of IWG International Holdings S.À R.L.'s £350m 0.5 per cent. convertible bond due 2027 (the "Convertible Bond") at a weighted average price of 92.90%, representing a total consideration of £34.6m. The associated portion of the US dollar currency derivative on the notional amount of the Convertible Bond repurchased has been unwound simultaneously.

 

Following this purchase, £194.5m (swapped to $247.5m) in aggregate principal amount of the Convertible Bonds remains outstanding. IWG may look to make further repurchases from time to time, subject to market conditions.

 

The Convertible Bonds which have been repurchased will be surrendered by the Company for cancellation.

 

This notification complies with LR 9.7.2 in relation to the aggregate repurchase of 44.4% of the principal amount of the Convertible Bonds initially issued. Further announcements will be made in accordance with the Listing Rules in the event that more Convertible Bonds are repurchased.

 

 

Further information

International Workplace Group plc

Charlie Steel, Chief Financial Officer

Richard Manning, Head of Investor Relations

See IWG Investor Relations website for contact details

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCGPUPCRUPCURG]]>
TwitterFacebookLinkedIn