5 Mar 2020 08:09
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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