IWG CEO Mark Dixon sold £68.5m shares to repay Deutsche Bank loan, causing 6.9% share price drop.
IWG founder and CEO Mark Dixon sold £68.5m worth of shares to repay a loan from Deutsche Bank, causing a 6.9% drop in IWG's share price. Dixon's investment vehicle, Estorn Limited, sold the 35 million shares at £1.9582 each, with the proceeds to be used to settle pledge and lending arrangements with Deutsche Bank Luxembourg. Despite the sale, Dixon still retains a 25% stake in the company.
May 29, 2024
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