Source - LSE Regulatory
RNS Number : 4196F
IWG PLC
04 November 2022
 

IWG plc (the "Company")

Director/PDMR Transaction

4 November 2022

IWG plc (the "Company") announces that on 2 November 2022 an award over 511,751 ordinary shares of 1p each in IWG plc was granted to the Company's Chief Financial Officer, Charlie Steel.

The award was structured as a conditional award and was granted under a one-off award arrangement established under Listing Rule 9.4.2(2) in order to facilitate the recruitment of Mr Steel.

In the normal course of events the award will vest on the fifth anniversary of its grant date, if and to the extent to which performance conditions are achieved.

Details of the performance conditions will be disclosed in the Directors' Remuneration Report for the current financial year.

No consideration was paid for the grant of the award and no consideration is due on the maturity of the award.

 

1

Details of PDMR / person closely associated

a)

Name

Charlie Steel

2

Reason for the notification

a)

Position / status

CFO

b)

Initial notification / Amendment

Initial notification

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 of the financial instrument, type of instrument

Identification code

Ordinary shares of 1p


ISIN: JE00BYVQYS01

b)

Nature of the transaction

A conditional award over 511,751 shares was granted under a one-off award arrangement established under Listing Rule 9.4.2(2).  In the normal course of events the award will vest on the fifth anniversary of its grant date, if and to the extent to which performance conditions are achieved. No consideration was paid for the grant of the award and no consideration is due on the maturity of the award.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

GBP 0.00

511,751

d)

Aggregated information

-     Aggregated volume

-     Price



511,751                           

GBP 0.00

e)

Date of the transaction

2 November 2022

f)

Place of the transaction

Outside a trading venue

 

 

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