International Workplace Group Executes Purchase of 151,816 Shares in Ongoing Buyback Program

Details of 23 July 2026 Share Repurchase

On 23 July 2026, International Workplace Group plc completed the purchase of 151,816 ordinary shares with a nominal value of USD 0.0124 each via Jefferies International Limited. The transaction spanned five trading venues, with the London Stock Exchange representing the largest share of the volume. The volume-weighted average price (VWAP) across all venues was A31.9683 per share, with individual venue prices ranging from A31.9510 to A31.9920.

The shares were acquired on multiple regulated platforms to optimize execution and ensure compliance. The London Stock Exchange accounted for 97,373 shares at a VWAP of A31.9683, approximately 64% of the day's total. CBOE CXE and CBOE BXE executed 16,561 and 27,343 shares respectively, while Turquoise Services Limited and Aquis Exchange handled smaller volumes of 5,831 and 4,708 shares.

Cumulative Buyback Progress Since December 2025

Since initiating the buyback program on 31 December 2025, IWG has repurchased a total of 40,621,573 ordinary shares. This robust capital return initiative underscores the company’s confidence in its financial health and strategic direction. The buybacks are conducted under authority granted by shareholders at the 19 May 2026 Annual General Meeting.

The company may cancel repurchased shares or hold them in treasury, depending on strategic needs and market conditions, allowing flexibility to maintain shareholder value. The program’s scale highlights IWG’s commitment to capital returns following shareholder approval.

Updated Share Count After Latest Buyback

Following the 23 July 2026 purchase, IWG’s outstanding share count stands at 953,666,992 ordinary shares, excluding treasury shares. This reflects the cumulative effect of the buyback program since its launch and serves as the basis for calculating earnings per share and other per-share metrics used by investors and analysts.

Reducing the share count through buybacks can enhance earnings per share, assuming stable or increasing net income, by distributing profits over fewer shares. This structural benefit is a key rationale for share repurchase programs. IWG’s disciplined capital allocation aligns with regulatory requirements and shareholder mandates.

Multi-Venue Execution and Pricing Strategy

The 23 July repurchase illustrates sophisticated execution strategies, with shares acquired across five regulated venues: London Stock Exchange (XLON), CBOE CXE, CBOE BXE, Turquoise Services Limited (TRQX), and Aquis Exchange (AQXE). Despite slight price variations, the overall VWAP remained consistent at A31.9683, demonstrating effective order management and real-time price monitoring.

According to the transaction log filed under Article 5(1)(b) of the Market Abuse Regulation (UK), trades began at 08:15:30 GMT with 56 shares at A31.957 on Turquoise Services Limited and continued until approximately 14:52 GMT. Trade sizes varied from single shares to blocks exceeding 1,200 shares, reflecting a strategy to minimize market impact and optimize pricing.

Regulatory Compliance and Transparency

IWG provided detailed transaction disclosures in compliance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014, incorporated into UK law. The disclosures include precise timestamps, venue identifiers, trade volumes, execution prices, currency, and unique transaction references for each trade executed by Jefferies International Limited on IWG’s behalf.

This detailed reporting ensures transparency, enabling market participants, regulators, and shareholders to verify execution quality and regulatory adherence. The comprehensive data allows reconstruction of the entire day’s repurchase activity, confirming compliance with program parameters and trading rules.

Company Overview: IWG’s Market Position

International Workplace Group plc is a leading global provider of flexible workspace solutions, offering serviced offices and co-working spaces across multiple continents. Its business model involves leasing properties from landlords and subleasing to clients on flexible terms, generating recurring revenue and optimizing operational margins through efficient space utilization.

The company’s capital structure and buyback program reflect the maturity of its platform and strong cash flow generation. Listed on global exchanges with a broad shareholder base, IWG uses the buyback program to return excess capital while retaining flexibility for strategic investments or debt management. The program’s scale and continuation signal confidence in IWG’s market position within the flexible workspace sector.

Shareholder Approval and Governance

The buyback program operates under the legal and governance framework approved by shareholders at the 19 May 2026 Annual General Meeting. UK company law and listing rules require shareholder approval for share repurchase programs, ensuring capital return strategies have explicit owner consent. This process grants shareholders oversight of management’s capital use.

The AGM approval authorized repurchases within specified limits, including maximum share counts and expenditure. The program announcement on 31 December 2025 outlined strategic intent, with ongoing executions like the 23 July 2026 purchase conducted within the approved parameters and regulatory requirements.

Capital Allocation and Shareholder Value

Share buybacks are a key capital allocation tool for public companies, enabling deployment of excess cash to potentially enhance shareholder returns by increasing earnings per share and reducing dilution. IWG’s ongoing buyback program reflects management’s view that its shares represent attractive value relative to alternatives such as debt reduction or reinvestment.

The cumulative repurchase of 40.6 million shares since December 2025 demonstrates a significant commitment to this strategy. Investors should evaluate buyback activity alongside growth, profitability, cash flow, and balance sheet strength when assessing IWG’s performance. The program’s scale and continuation may adjust based on market conditions and business priorities.

Market Infrastructure and Trading Venues

IWG’s share purchases across five regulated venues illustrate the fragmented, technologically advanced equity markets in the UK and Europe. The London Stock Exchange (XLON) remains the primary venue, accounting for the largest volume, while CBOE CXE and BXE offer alternative liquidity pools. Turquoise Services Limited (TRQX) and Aquis Exchange (AQXE) provide additional competitive execution platforms.

Distributing the 151,816 shares across venues minimizes market impact, captures diverse liquidity, and may improve execution prices. The consistent VWAP of A31.9683 across venues indicates coordinated, effective execution.

Program Timeline and Future Outlook

The buyback program began on 31 December 2025 and has repurchased 40,621,573 shares by 23 July 2026, averaging roughly 6.77 million shares per month. This measured approach suggests disciplined capital deployment rather than opportunistic spikes. The 23 July transaction confirms ongoing execution with regular disclosures to maintain transparency.

No guidance has been provided on the program’s completion date, total value, or final scale. Investors should expect periodic Regulatory News Service updates detailing repurchase progress and share count impacts, enabling assessment of capital deployment and dilution reduction benefits.