IWG plc ( (GB:IWG) ) has issued an announcement.
IWG plc has repurchased £17.5 million of its £350 million convertible bonds due in 2027 at a weighted average price of 96.5%, amounting to a total consideration of £16.89 million. This move reduces the outstanding principal amount to £140.7 million, with the company indicating potential further repurchases depending on market conditions, which could impact its financial strategy and investor relations.
More about IWG plc
International Workplace Group plc (IWG) operates in the flexible workspace industry, providing office space solutions to businesses globally. Its primary services include offering coworking spaces, virtual offices, and meeting rooms, catering to a diverse range of clients from startups to multinational corporations.
YTD Price Performance: 10.37%
Average Trading Volume: 2,169,952
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.77B
See more data about IWG stock on TipRanks’ Stock Analysis page.
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