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 £37.2 million in aggregate principal amount of its £350 million convertible bond due 2027. This was for total consideration of £34.6 million.

Consequently, £194.5 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.

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