Business
Retail Offer via PrimaryBid.com
Retail Offer via PrimaryBid.com.
About this update from International Workplace Group Plc
[{"type":"text","content":"\n \n \n RNS Number : 1248O\n IWG PLC\n 27 May 2020\n \n \n \n \n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT, IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION, DISTRIBUTION OR FORWARDING, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL.\n \n \n \n FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.\n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.\n \n \n THIS ANNOUNCEMENT AMOUNTS TO A FINANCIAL PROMOTION FOR THE PURPOSES OF SECTION 21 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (\"FSMA\") AND HAS BEEN APPROVED BY PRIMARYBID LIMITED WHICH IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY (FRN 779021)\n \n \n \n LEI: \n \n \n 2138003LWDII27UTAG52\n \n \n \n For immediate release\n \n \n \n 27\n \n \n May 2020\n \n \n \n IWG plc\n \n \n (\"IWG\" or the \"Company\")\n \n \n Retail Offer via PrimaryBid.com\n \n \n IWG (LSE: \n IWG\n ), \n the leading global operator of workspace brands\n ,\n announces a retail offer via PrimaryBid of new ordinary shares (the \"Retail Shares\") of 1 pence each in the capital of the Company (the \"Retail Offer\").\n \n \n As separately announced today, the Company is conducting a non-pre-emptive placing of new ordinary shares (the \"Placing Shares\") in the capital of the Company (the \"Placing\") through an accelerated bookbuilding process (the \"Bookbuilding Process\"). The price at which the Placing Shares are to be placed (the \"Placing Price\") will be determined at the close of the Bookbuilding Process. \n \n \n The issue price for the Retail Shares will be equal to the Placing Price.\n \n \n Reasons for the Retail Offer\n \n \n Whilst the Placing has been structured as a non-pre-emptive offer so as to minimise cost, time to completion and use of management time at an important time for the Company, IWG values its retail investor base and recognises the importance of pre-emption rights in the UK listed company environment.\n \n \n After consideration of the various options available to it, the Company believes that the separate Retail Offer, which will give retail investors the opportunity to participate i...