Director/PDMR Transaction

RNS Number : 0584F

IWG PLC

05 March 2020

 

IWG plc (the "Company")

Director/PDMR Transaction

5 March 2020

1	Details of PDMR / person closely associated
a)	Name	Mark Dixon
2	Reason for the notification
a)	Position / status	CEO
b)	Initial notification / Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IWG plc
b)	LEI	2138003LWDII27UTAG52
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 of the financial instrument, type of instrument Identification code	Ordinary shares of 1p   ISIN: JE00BYVQYS01
b)	Nature of the transaction	Share awards granted as follows: -  609,332 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 -  172,354 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.
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP 0.00 609,332 GBP 0.00 172,354
d)	Aggregated information -  Aggregated volume -  Price	781,686 GBP 0.00
e)	Date of the transaction	4 March 2020
f)	Place of the transaction	Outside a trading venue

 

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