Partial Redemption of 2027 Convertible Bonds

Summary by AI ^BETAClose X

International Workplace Group plc announced the partial redemption of £136 million (swapped to $174 million) of its 0.5% convertible bond due 2027, with £4 million ($5 million) remaining outstanding. This redemption was funded from existing liquidity, leaving the company's net debt position unchanged and with no further financial debt maturities until 2029, aside from the remaining convertible bonds.

Disclaimer*

International Workplace Group PLC

09 December 2025

A black background with a black square Description automatically generated with medium confidence

9 December 2025

PARTIAL REDEMPTION OF 2027 CONVERTIBLE BONDS

International Workplace Group plc ("IWG" or "the Company") announces that £136m (swapped to $174m) in principal amount of IWG International Holdings S.à r.l.'s £350m 0.5 per cent convertible bond due 2027 (the "Convertible Bond") has been redeemed at par on 9 December 2025 following the exercise by certain bondholders of a redemption option pursuant to the terms and conditions of the Convertible Bond. The US dollar currency derivative on the notional amount of the Convertible Bond has been unwound simultaneously.

Following this redemption, £4m ($5m) in aggregate principal amount of the Convertible Bond remains outstanding.

Redemption was funded from existing liquidity resources.

Following redemption, the Company's net debt position remains unchanged. Aside from the $5m outstanding Convertible Bonds, the Company has no financial debt maturities until the RCF in 2029.

Further information

International Workplace Group plc

Charlie Steel, Chief Financial Officer

Richard Manning, Head of Investor Relations

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END