International Workplace Group PLC - Zug, Switzerland-based flexible office provider formerly known as IWG and Regus - Chief Executive Officer Mark Dixon sells 35.0 million shares via Estorn Ltd at £1.96 each, worth £68.5 million, on Tuesday. The sale proceeds will be to used unwind pledge and lending arrangements between Estorn and the Luxembourg arm of Deutsche Bank AG, IWG explains. Dixon retains 254.8 million shares, a 25% stake.

On Friday last week, IWG shareholders approved the change of the company’s name to International Workplace Group PLC from IWG PLC.

Current stock price: 191.30 pence, down 7.6% in London on Wednesday

12-month change: up 32%

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