IWG plc (GB:IWG) has released an update.
IWG plc has announced a significant change in its share structure, with shareholders approving a redenomination of its ordinary shares from a GBP denomination to USD at the company’s Annual General Meeting. This change will see the ordinary shares’ par value switch from GBP 0.01 to USD 0.0124 each, with the authorized share capital set at USD 99,200,000. The transition to trading in USD shares is set to take effect on May 31, 2024, pending regulatory approval.
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