13th Dec 2018 10:43
LONDON (Alliance News) - IWG PLC, the temporary office space provider formerly known as Regus, said Thursday that a company owned by Chief Executive Officer Mark Dixon bought GBP5.2 million in IWG shares on Wednesday.
Estorn Ltd, 100% owned by Dixon, bought a total of 2.6 million shares at a weighted average price of GBP2.0262 each.
IWG didn't state the interest of Dixon following the purchase. However, he holds 235.4 million shares directly and 231.1 million via Estorn, for a 52% total interest, according to Morningstar
At the end of October, Dixon had bought 1.7 million shares in a series of transactions. The recent total purchases of 4.3 million shares represent 0.5% of IWG shares.
The stock was quoted up 1.4% on Thursday at 208.40 pence.
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