Fed Governor Adriana Kugler to resign
LONDON - International Workplace Group PLC (IWG), a global provider of flexible workspaces, has completed the acquisition of the remaining minority equity interests in The Instant Group, as per its announcement on Wednesday. The transaction involved the transfer of 23,095,239 ordinary shares from the company’s treasury.
As a result of the share transfer, IWG now indirectly owns 100% of the equity interests in The Instant Group, eliminating any outstanding minority interests. The transaction was executed at a price of £1.807 per share, based on the closing middle market quotation per ordinary share on March 31, 2025, from the Daily Official List of the London Stock Exchange (LON:LSEG).
Following the share transfer on April 30, IWG’s issued share capital includes 1,044,935,665 ordinary shares, with 21,991,049 of these held in treasury and therefore not carrying voting rights. Consequently, the total number of voting rights in the company has been adjusted to 1,022,944,616. This figure is significant for shareholders who need to determine if they must notify their interest or a change in interest in the company under the Financial Conduct Authority’s Disclosure & Transparency Rules.
Additionally, IWG has purchased 708,094 shares for cancellation on April 29 and 30, which will be canceled following settlement. This buyback is part of the company’s capital management strategy and reflects its commitment to shareholder value.
This announcement is in compliance with UK Listing Rule 9.8.2 and the Disclosure & Transparency Rule 5.6.1A, ensuring transparency in reporting changes to the company’s share capital and voting rights. The information is based on a press release statement provided by RNS, the news service of the London Stock Exchange.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.