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Prices & Quotes - UK Markets - IWG (IWG)

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Share Price:
Down 313.60p
Change Today:
Market Cap:

IWG CEO, CFO take 50% pay cut; Trading update delayed

By Iain Gilbert

Date: Monday 06 Apr 2020

LONDON (ShareCast) - (Sharecast News) - Serviced offices provider IWG chief executive Mark Dixon and chief financial officer Eric Hageman have taken a 50% cut in fees and base salaries to save cash during the Covid-19 crisis, the company said on Monday.
IWG added that its had decided to delay its first-quarter trading update from 28 April to 28 May in order to provide investors and analysts with information on April's trading and the effects of the outbreak.

The FTSE 250-listed firm, which previously cautioned investors that it expected to experience pressure on its global business as countrywide lockdowns were implemented, said ongoing developments were being closely monitored and that appropriate actions were being taken to reduce costs, limit capital expenditure and optimise cash flows.

As of 0910 BST, IWG shares were up 6.42% at 185.70p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.


IWG Market Data

Currency UK Pounds
Price 313.60p
Change Today -5.20p
52 Week High 383.60p
52 Week Low 222.60p
Volume 1,222,596
Shares Issued 1,007.37m
Market Cap 3,159.11m

Performance Indicators

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Operating Margin
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What The Brokers Say

Strong Buy 5
Buy 1
Neutral 4
Sell 0
Strong Sell 0
Total 10
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

IWG Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Sep-19 25-Apr-19
Paid 04-Oct-19 24-May-19
Amount 2.15p 4.35p

Trades for 30-Jul-2021

Time Volume / Share Price
16:35 609,857 @ 313.60p
16:29 323 @ 315.50p
16:29 182 @ 315.50p
16:29 129 @ 315.50p
16:29 425 @ 315.50p

IWG Key Personnel

Chair Douglas Sutherland
CEO Mark Dixon
CFO Glyn Hughes