REG - Intl Con Airline Grp - Completion of share purchase programme

International Consolidated Airlines SAAnnouncement

26/05/2023 13:15

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RNS Number : 8470A  International Cons Airlines Group  26 May 2023

Completion of the share purchase programme

 

In relation to the share purchase programme (the "Programme") announced on 9
May 2023, following the acquisitions made on 25 May 2023, INTERNATIONAL
CONSOLIDATED AIRLINES GROUP, S.A. ("IAG" or the "Company") has concluded this
Programme in accordance with its terms.

Under the Programme, the Company has acquired a total of 27,000,000 ordinary
shares, representing approximately 0.5 per cent of the Company's share
capital.

As communicated at the time, the purpose of this Programme was for the Company
to hedge its requirement to deliver shares to Globalia as part of the
consideration for its proposed acquisition of the remaining 80 per cent. of
the issued share capital of Air Europa. As announced on 24 February 2023, the
proposed acquisition of Air Europa is subject to regulatory and other
approvals. If the proposed acquisition is not completed, the shares purchased
under the Programme alternatively may be used to satisfy share awards to
executives and employees (including executive directors) made under the IAG
share-based incentive plans.

 

 

IAG Shareholder Services

 

26 May 2023

 

 

 

LEI: 959800TZHQRUSH1ESL13

 

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