Further to the interim results announcement earlier today, in which IWG PLC announced its intention to commence a £100 million share buy-back programme, IWG PLC (LON:IWG) announced that the Company has today entered into an irrevocable arrangement with Investec Bank plc, to repurchase on its behalf and within certain pre-set parameters, ordinary shares in IWG for treasury, during the period from and including 6 August 2019 to and including 5 August 2020.
The arrangement is split equally between a non-discretionary and discretionary mandate. This arrangement is in accordance with Chapter 12 of the UKLA Listing Rules and IWG’s general authority to repurchase shares.
