REG - Intl Con Airline Grp - Director/PDMR Shareholding

International Consolidated Airlines SAAnnouncement

31/10/2022 17:15

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RNS Number : 7981E  International Cons Airlines Group  31 October 2022

 

 

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:

 

Following approval at the 2022 Shareholder Meeting, an award of shares has
been granted to the IAG CEO under the IAG Executive Share Plan (Restricted
Share Plan (RSP)) in respect of the financial year 2022, vesting in 2025
(contingent on the satisfaction of a discretionary underpin and subject to a
two year holding period). This supplementary award, equating to 50 per cent of
salary, brings his award to the maximum opportunity of 150 per cent of his
salary, and ensures a fair and proportionate long-term incentive opportunity,
aligned with both external market and relative positioning of the IAG CEO's
total compensation compared to that of his executive team.

 

This supplementary award is made on the same terms as if it had been granted
in March 2022.

This share plan is more fully described in the Company's 2021 Directors'
Remuneration Report, which can be accessed online at www.iairgroup.com
(http://www.iairgroup.com) .

 

 

This announcement is made in accordance with Article 19.3  of the Market
Abuse Regulation (MAR).

 

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
                                                Luis Gallego

 a)   Name

 2    Reason for the notification

 a)   Position/status                           Persons Discharging Managerial Responsibilities (PDMRs)

              Position
                                                Executive Director (Chief Executive)

 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

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

                                                                    Ordinary shares of 0.10 euro each

      Identification code

                                                                    ES0177542018
 b)   Nature of the transaction                                     Award of shares granted under the IAG Restricted Share Plan, vesting in 2025,
                                                                    subject to the terms and conditions of the Plan.

 c)

Price  Volume
      Price(s) and volume(s)                                        0   290,953

 d)   Aggregated information

      - Aggregated volume

      - Price                                                       Not applicable
 e)   Date of the transaction                                       28 October 2022
 f)   Place of the transaction                                      Outside a trading venue

d)

 

Aggregated information

 

- Aggregated volume

- Price

 

 

 

Not applicable

e)

Date of the transaction

28 October 2022

f)

Place of the transaction

Outside a trading venue

 

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