AGM Update Statement

INTERNATIONAL WORKPLACE GROUP PLC

(the "Company")

AGM Update Statement

In line with Provision 4 of the UK Corporate Governance Code, the Board has released this statement to provide an update to shareholders on the actions taken following the outcome of resolutions 2, 5 and 6 at the Company's 2025 Annual General Meeting (the "2025 AGM"). Resolutions 2, 5 and 6 - To approve the Remuneration Policy, Performance Share Plan ("PSP") and Restricted Share Plan ("RSP")

Prior to the 2025 AGM, Nina Henderson, the Remuneration Committee Chair, and Douglas Sutherland, the Chairman, held extensive consultations with shareholders and proxy advisors regarding our proposed Remuneration Policy, including the PSP and RSP components.

Whilst resolution 2 to approve the Remuneration Policy and resolutions 5 and 6 to approve the PSP and RSP were supported by a clear majority of the Company's shareholders, we acknowledge the significant minority vote against. 

It was notable that the number of shares voted at the 2025 AGM was approximately 17% less than those voted at the 2023 Annual General Meeting. This decrease correlates with a similar percentage of the Company's shares outstanding at the 2025 AGM which did not vote because they are held through swap structures, primarily by longer-term shareholders who are supportive of the Remuneration Policy and related resolutions.

The majority approved new policy has been designed to ensure that the Company is marketplace competitive to support attracting, retaining and rewarding the leadership required to successfully execute its strategy. The discussions with shareholders were reviewed post the 2025 AGM noting a clear focus on requiring delivery of outstanding performance to justify the increased earning opportunity. The new policy is being implemented with challenging stretch targets that can only be met through delivering outstanding performance over time and will significantly reward all shareholders if achieved.

​The Remuneration Committee will continue to consult with shareholders, as appropriate, in respect of the Company's ongoing remuneration practices.