IWG PLC Director/PDMR Transaction (2358S)
08 March 2019 - 9:00PM
UK Regulatory
TIDMIWG TIDMTTM
RNS Number : 2358S
IWG PLC
08 March 2019
IWG plc (the "Company")
Director/PDMR Transaction
8 March 2019
1 Details of PDMR / person closely associated
a) Name Mark Dixon
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2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position / status CEO
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b) Initial notification Initial notification
/ Amendment
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3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------------------------------------
a) Name IWG plc
----------------------------- ----------------------------------------------------------------------------------
b) LEI 2138003LWDII27UTAG52
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4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place where
transactions have been conducted
-----------------------------------------------------------------------------------------------------------------
a) Description Ordinary shares of 1p
of the financial
instrument,
type of instrument ISIN: JE00BYVQYS01
Identification
code
----------------------------- ----------------------------------------------------------------------------------
b) Nature of the Share awards granted as follows:
transaction * 690,377 share awards under the IWG Performance Share
Plan. No consideration was paid for the grant of the
awards which are structured as nominal cost options.
The vesting of an award is subject to the
satisfaction of performance conditions set by the
Remuneration Committee of the Company. The awards
will normally vest on the fifth anniversary of the
grant of the awards, and will then normally remain
exercisable until the day before the tenth
anniversary of the date of grant provided the
individual remains an employee or officer of the
group; and
* 112,014 share awards granted under the IWG Deferred
Bonus Share Plan. No consideration was paid for the
grant of the awards which are structured as nominal
cost options. The awards will normally vest on the
third anniversary of the grant of the awards and will
then normally remain exercisable until the day before
the tenth anniversary of the date of grant provided
the individual remains an employee or officer of the
group.
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c) Price(s) and Price(s) Volume(s)
volume(s) GBP 0.00 690,377
----------
GBP 0.00 112,014
----------
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d) Aggregated information
* Aggregated volume
802,391
GBP 0.00
* Price
----------------------------- ----------------------------------------------------------------------------------
e) Date of the 7 March 2019
transaction
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f) Place of the Outside a trading venue
transaction
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END
DSHCKODNOBKDQNK
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