Source - LSE Regulatory
RNS Number : 4504S
IWG PLC
09 March 2023
 

IWG plc (the "Company")

Director/PDMR Transaction

 9 March 2023

1

Details of PDMR / person closely associated

a)

Name

Charles 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


Share awards granted as follows:

·      572,768 share awards granted 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 measured over a three-year period ended 31 December 2025. Awards will be subject to a holding period of two years following achievement of performance conditions  and will normally become exercisable 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.

 

·      19,145 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 volume(s)

Price(s)

Volume(s)

GBP 0.00

572,768

GBP 0.00

19,145

d)

Aggregated information

-     Aggregated volume

-     Price



591,913

GBP 0.00

e)

Date of the transaction

08 March 2023

f)

Place of the transaction

Outside a trading venue

 

 

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END
 
 
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