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LONDON - International Workplace Group plc (IWG), a global provider of flexible workspaces, has announced the grant of share awards to its CEO, Mark Dixon, as part of the company’s long-term incentive plans. The transaction, which took place on May 22, 2025, involved the awarding of 1,765,059 shares at no cost to Dixon.
The share awards were distributed across three different plans. Under the Performance Share Plan, Dixon received 1,033,164 share awards, the vesting of which is contingent on performance conditions set by IWG’s Remuneration Committee over a three-year period ending December 31, 2027. Following the satisfaction of these conditions, the shares will be subject to a two-year holding period and will generally become exercisable on the fifth anniversary of the award grant, remaining so until the day before the tenth anniversary, provided Dixon remains employed by the group.
Additionally, 388,408 share awards were granted under the Restricted Share Plan. These shares will normally vest on the third anniversary of the grant, subject to the satisfaction of an underpin determined by the Remuneration Committee. Similar to the Performance Share Plan, these shares will also be subject to a two-year holding period after the underpin is achieved and will become exercisable on the fifth anniversary of the award grant.
The third component of the share awards, totaling 343,487 shares, was granted under the Deferred Bonus Share Plan. These shares will typically vest on the third anniversary of the grant and remain exercisable until the day before the tenth anniversary, again contingent on Dixon’s continued employment with the group.
The transaction took place outside a trading venue and did not involve any monetary exchange, as the shares were granted at a price of GBP 0.00. The information regarding this director/PDMR transaction has been disseminated by RNS, the news service of the London Stock Exchange (LON:LSEG), and is based on a press release statement from IWG.
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