(Sharecast News) - IWG revealed on Thursday that chief executive Christian Schmitz had acquired 50,000 ordinary shares in the FTSE 250-listed serviced offices provider.

Schmitz, who took over as CEO in June, purchased the shares on Wednesday at an average price of 182.60p each, for a total value of £91,300.

As of 1535 BST, IWG shares were up 1.92% at 186p.

Reporting by Iain Gilbert at Sharecast.com

Top Director Buys

International Workplace Group (IWG)

Director name: Schmitz ,Christian

Amount purchased: 50,000 @ 182.60p

Value: £91,300.00

Ultimate Products (ULTP)

Director name: Dent,Chris

Amount purchased: 4,875 @ 52.80p

Value: £2,574.00

Top Director Sells

Gcm Resources (GCM)

Director name: Fulton,Keith

Amount sold: 144,368 @ 17.25p

Value: £24,910.70

Ultimate Products (ULTP)

Director name: Dent,Chris

Amount sold: 4,875 @ 53.50p

Value: £2,608.13