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LONDON - International Workplace Group plc (IWG), a global provider of flexible workspaces, announced a significant internal share transaction involving its CEO, Mark Dixon. On Monday, Dixon transferred 128,677 ordinary shares of IWG to Estorn Limited, a company in which he holds a full ownership stake.
The transaction, which saw the shares change hands at no cost, does not affect Dixon’s overall beneficial shareholding in IWG. Following the transfer, Dixon maintains an interest in 254,924,275 ordinary shares, representing approximately 25.3% of the company’s total voting rights.
This move was disclosed in an initial notification and is not expected to impact Dixon’s influence over the company, as his voting rights remain unchanged. The shares in question are listed under the ISIN JE00BYVQYS01, and the transfer took place outside of a trading venue.
IWG, known for its flexible workspace solutions, including brands like Regus and Spaces, has a presence in over 120 countries. This share transaction comes amid a period of significant interest in the flexible workspace industry, as businesses worldwide continue to adapt to changing work patterns following the global health crisis.
The information about this transaction was provided by RNS, the news service of the London Stock Exchange (LON:LSEG). The Financial Conduct Authority has approved RNS to act as a Primary Information Provider in the United Kingdom (TADAWUL:4280). The details of this transaction are based on a press release statement and are intended to keep shareholders and the public informed of significant internal financial activities within IWG.
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