International Workplace Group PLC Partial Repurchase of Convertible Bond
12 Agosto 2024 - 8:00AM
RNS Regulatory News
RNS Number : 9844Z
International Workplace Group PLC
12 August 2024
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
|
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