12th Aug 2024 09:38
(Alliance News) - International Workplace Group PLC on Monday said it carried out a partial repurchase of convertible bonds with further repurchases planned.
The Zug, Switzerland-based provider of flexible workspace repurchased GBP37.2 million in aggregate principal amount of its GBP350 million convertible bond due 2027. This was for total consideration of GBP34.6 million.
Consequently, GBP194.5 million remains outstanding with the company looking to make further repurchases "from time to time" subject to market conditions.
The repurchased bonds will be cancelled.
International Workplace shares were up 0.1% to 168.40 pence each in London on Monday morning.
By Elijah Dale, Alliance News reporter
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