IWG launches second tranche of $100m share buyback

(Sharecast News) - Hybrid workspaces business International Workplace Group said on Monday that it has launched the second tranche of $50.0m of its $100.0m share buyback announced on 6 May. IWG said the purpose of the second tranche was to continue the reduction of its share capital, following the completion of its previous $50.0m tranche on 26 June.

Separately, IWG published the conversion of its audited, historic financial information from IFRS to US GAAP for the financial periods 2022, 2023 and 2024.

"As previously stated, reporting under US GAAP is being implemented for FY 2025. In order to provide time for investor and analyst teach-ins prior to the H1 2025 Interim Results, which will be the initial reporting of current financial information under US GAAP, IWG will publish its half-year 2025 financial information on 19 August 2025 and conduct a virtual H1 Results Presentation on the same day," said IWG.

As of 0910 BST, IWG shares were down 1.33% at 207.20p.





Reporting by Iain Gilbert at Sharecast.com