25th Jun 2019 10:35
(Alliance News) - Office space provider IWG PLC on Tuesday said an entity owned by Chief Executive Mark Dixon bought GBP701,000 worth of shares in the company via a string of transactions on Monday.
Estorn Ltd, which is owned by Dixon, bought 207,039 shares in total at an average price of GBP3.38 per share.
Shares in IWG, formerly Regus, were trading 0.1% lower on Tuesday at 341.00 pence each.
The company earlier in June notified that Dixon's investment vehicle bought GBP980,000 worth of shares through several transactions. Estorn's total shareholding after the latest share purchase was not disclosed.
Dixon late last year had bought GBP16 million worth of shares in the company via series of transactions. As at the end of 2018, Dixon held around 27% of IWG shares.
IWG, back in August of last year, rejected offers from several bidders, saying none were capable of delivering an executable transaction at a recommendable price. Bidders included Starwood Capital European Operations Ltd, Terra Firma Investments Ltd and TDR Capital LLP
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