IWG Shares Jump After Flexible Workspace Giant Boosts Buyback Programme

International Workplace Group (LON: IWG) shares surged on Tuesday morning after the flexible workspace company announced a $50 million increase to its 2026 share buyback programme, lifting the total to $150 million.

The stock opened at 186.6p and climbed as high as 192.1p in early trading, last changing hands at 190.3p — a gain of 6.8p, or around 3.7%, from Monday’s close of 183.5p. Volume remained relatively light in the early session at around 181,000 shares.

The FTSE-listed company, which operates flexible office brands including Regus and Spaces, said the enhanced buyback builds on two earlier tranches announced in December 2025 and March 2026. The programme operates under shareholder authority granted at IWG’s Annual General Meeting on 19 May 2026, covering up to 145.9 million ordinary shares, of which 138.2 million remain available for repurchase.

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In a notable addition, IWG confirmed it has authorised Jefferies International Limited to conduct purchases on its behalf during the company’s closed period, which runs from 1 July until 11 August 2026 — the date of its interim results. The arrangement is irrevocable and non-discretionary, meaning the board cannot interfere with Jefferies’ purchasing decisions during that window.

IWG confirmed it holds no unpublished inside information.

The buyback signals continued confidence from the board in the company’s balance sheet and long-term prospects at a time when demand for flexible workspace remains robust globally.