Fannie Mae, Freddie Mac shares tumble after conservatorship comments
LONDON - International Workplace Group plc (LSE:IWG) announced Monday it has completed the first $50 million tranche of its share buyback program and is launching the second $50 million tranche, completing the $100 million program announced on May 6, 2025.
The company stated that the final share acquisition under the first tranche occurred on June 26, 2025. The purpose of the second tranche remains the reduction of the company’s share capital and will be carried out under the authorization granted by shareholders at the Annual General Meeting held on May 20, 2025.
IWG’s board has authorized Jefferies International Limited to purchase the company’s ordinary shares during the upcoming closed period, which runs from July 1 until August 19, 2025, when the company will release its 2025 Interim Results.
The authority granted to Jefferies is described as "irrevocable and non-discretionary," with the board unable to make changes during the closed period. Any purchases will be made at Jefferies’ sole discretion within pre-agreed parameters.
The company confirmed in its press release statement that it currently has no unpublished inside information.
International Workplace Group, known for its portfolio of workspace brands, is implementing this buyback program following shareholder approval earlier this year.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.