IWG slumps as CEO Dixon sells 35m shares

29th May 2024 09:12

(Sharecast News) - IWG slumped on Wednesday after chief executive Mark Dixon sold 35m shares in the flexible workspace provider.

The shares were sold by Dixon's investment vehicle Estorn Limited at £1.9582 each. Proceeds from the disposal will be used to unwind pledge and lending arrangements entered into by Estorn with Deutsche Bank Luxembourg.

At 0905 BST, the shares were down 6.9% at 192.80p.

Top Risers

Share	Price	Change
Wood Group (J) (WG.)	57.85	16.07%
EnergyPathways (EPP)	8.95	15.48%
Oxford Biodyn (OBD)	1.395	14.62%
Aptamer Group (APTA)	0.275	14.58%
Jubilee Metals (JLP)	5.35	14.11%

Top Fallers

Share	Price	Change
Armadale Capital (ACP)	0.075	-25%
Bushveld Minerals (BMN)	0.375	-21.05%
Vistry Grp (VTY)	738.00	-15.51%
GreenRoc Strategic Materials (GROC)	1.40	-12.5%
Team Internet (TIG)	119.20	-11.83%

Top By Volume

Share	Price	Volume
Nativo Resources (NTVO)	0.0025	1,018,699,192
Synergia Energy (SYN)	0.052	503,362,164
Premier African Minerals (PREM)	0.0375	407,607,333
Tower Resources (TRP)	0.029	381,497,336
Mosman Oil Gas (MSMN)	0.039	194,347,623

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