REG - Intl Con Airline Grp - Director/PDMR Shareholding

International Consolidated Airlines SAAnnouncement

04/03/2020 13:40

RNS Number : 0222F
  
International Cons Airlines Group
  
04 March 2020
  
 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
 
International Consolidated Airlines Group S.A. (the "Company") hereby notifies the market of the following transactions of which it has been notified under article 19.1 of the EU Market Abuse Regulation ('MAR'), relating to:
 
The acquisition of shares (after the settlement of income tax / national insurance liabilities) following the end of the two-year holding period of the nil-cost options granted in May 2015 under the Company's Performance Share Plan.
 
One-third of the award was subject to Total Shareholder Return (TSR) performance condition measured against an index, one-third was subject to Earnings Per Share (EPS) and the final third was subject to Return on Invested Capital (RoiC).  The outcome of these performance conditions, tested at the end of the performance period which began on 1 January 2015 and ended on 31 December 2017, was that 66.67 per cent of the award vested with the remaining shares lapsing.
These share plans are more fully described in the Company's 2018 and 2019 Directors' Remuneration Report, which can be accessed online at www.iairgroup.com.
 
This announcement is made in accordance with Article 19.3 of MAR.
 
IAG Shareholder Services
 



1 
 


Details of the person discharging managerial responsibilities / person closely associated 
 




a) 
 


Name 
 
 


Javier Sánchez-Prieto
 




2 
 


Reason for the notification 
 




a) 
 


Position/status 
 
 


Persons Discharging Managerial Responsibilities (PDMR) / Chairman and Chief Executive Vueling
 
 




b) 
 


Initial notification /Amendment 
 
 


Initial notification




3 
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 
 




a) 
 


Name 
 
 


International Consolidated Airlines Group S.A.




b) 
 


LEI 
 
 





959800TZHQRUSH1ESL13








4 
 


Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted 
 
 




a) 
 


Description of the financial instrument, type of instrument 
 
Identification code 
 
 


 
Ordinary shares of 0.50 euro each
 
 
ES0177542018




b) 
 


Nature of the transaction 
 
 


Acquisition of shares following the exercise of nil-cost options granted in May 2015 under the Performance Share Plan (PSP)




c) 
 


Price(s) and volume(s) 
 
 


 



Price(s)
 


Volume(s)




4.316


20,002








d) 
 


Aggregated information 
 
- Aggregated volume 
 
- Price 
 


 
 
 
Not applicable




e) 
 


Date of the transaction 
 
 


2 March 2020




f) 
 


Place of the transaction 
 
 


London 



 




 
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
 
International Consolidated Airlines Group S.A. (the "Company") hereby notifies the market of the following transactions of which it has been notified under article 19.1 of the EU Market Abuse Regulation ('MAR'), relating to:
 
The acquisition of shares (after the settlement of income tax / national insurance liabilities) following the end of the two-year holding period of the nil-cost options granted in May 2015 under the Company's Performance Share Plan.
 
One-third of the award was subject to Total Shareholder Return (TSR) performance condition measured against an index, one-third was subject to Earnings Per Share (EPS) and the final third was subject to Return on Invested Capital (RoiC).  The outcome of these performance conditions, tested at the end of the performance period which began on 1 January 2015 and ended on 31 December 2017, was that 66.67 per cent of the award vested with the remaining shares lapsing.
These share plans are more fully described in the Company's 2018 and 2019 Directors' Remuneration Report, which can be accessed online at www.iairgroup.com.
 
This announcement is made in accordance with Article 19.3 of MAR.
 
IAG Shareholder Services
 



1 
 


Details of the person discharging managerial responsibilities / person closely associated 
 




a) 
 


Name 
 
 


Chris Haynes
 




2 
 


Reason for the notification 
 




a) 
 


Position/status 
 
 


Persons Discharging Managerial Responsibilities (PDMR) / General Counsel
 
 




b) 
 


Initial notification /Amendment 
 
 


Initial notification




3 
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 
 




a) 
 


Name 
 
 


International Consolidated Airlines Group S.A.




b) 
 


LEI 
 
 





959800TZHQRUSH1ESL13








4 
 


Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted 
 
 




a) 
 


Description of the financial instrument, type of instrument 
 
Identification code 
 
 


 
Ordinary shares of 0.50 euro each
 
 
ES0177542018




b) 
 


Nature of the transaction 
 
 


Acquisition of shares following the exercise of nil-cost options granted in May 2015 under the Performance Share Plan (PSP)




c) 
 


Price(s) and volume(s) 
 
 


 



Price(s)
 


Volume(s)




4.511


22,527








d) 
 


Aggregated information 
 
- Aggregated volume 
 
- Price 
 


 
 
 
Not applicable




e) 
 


Date of the transaction 
 
 


3 March 2020




f) 
 


Place of the transaction 
 
 


London 



 
 


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