IWG shareholders pass resolutions at annual meeting

Published 20/05/2025, 14:34
IWG shareholders pass resolutions at annual meeting

LONDON - International Workplace Group plc (IWG) announced the successful passage of all resolutions presented during its Annual General Meeting (AGM) held on Tuesday. The meeting saw a series of ordinary and special resolutions voted on by shareholders, with proxy votes included in the final counts.

The company, which specializes in providing flexible workspaces, confirmed that the resolutions were decided through a poll vote, with the total number of shares eligible to vote standing at 1,020,365,357, excluding treasury shares. The shareholders’ register closed on May 16, 2025, for voting eligibility.

Among the ordinary resolutions, the most notable were resolutions 2, 5, and 6, which concerned the company’s Remuneration Policy and share plans. While these resolutions received a majority vote in favor, there was a significant minority vote against them. The board acknowledged the dissent and committed to ongoing engagement with shareholders to understand their concerns. An update on this engagement is expected within six months, with a comprehensive summary to be included in the 2025 Annual Report.

The voting turnout for the AGM was approximately 17% lower than the previous meeting in 2023. IWG attributed this decrease to the shares held through swap structures, which are typically owned by longer-term shareholders who support the company’s Remuneration Policy and related resolutions but did not vote.

All special resolutions, from 22 to 25, were also approved with a high majority. These included amendments to the company’s articles of association and other governance-related matters.

Details of the resolutions and the voting outcomes have been submitted to the National Storage Mechanism and will soon be available for public inspection.

IWG’s AGM results reflect the company’s ongoing efforts to maintain transparency and shareholder engagement. The board’s commitment to addressing shareholder concerns, particularly regarding remuneration and share plans, indicates a focus on corporate governance and responsiveness to investor feedback.

This report is based on a press release statement from International Workplace Group plc.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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