REG - Intl Con Airline Grp - Director/PDMR Shareholding

International Consolidated Airlines SAAnnouncement

07/12/2022 08:45

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RNS Number : 8947I  International Cons Airlines Group  07 December 2022

 

 

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 

 

International Consolidated Airlines Group, S.A. ("IAG" or 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 award of shares under the IAG Executive Share Plan (ESP) to
IAG's newly appointed General Counsel, Sarah Clements, to compensate for loss
of long term share awards at her previous employer, on a fair and equivalent
basis to those forfeited.

According to this, it was agreed to buy-out the awards in the form of
conditional shares, aligning her remuneration to the IAG share price
performance, with awards vesting in line with the timeframes of the awards she
held with her previous employer, and subject to the terms and conditions of
the ESP rules (including the malus and clawback terms). The award has been
made in two tranches, with the first tranche vesting in February 2024 and the
second tranche in February 2025.

·      A one off award of shares under the ESP as part of the Company's
Full Potential Incentive Plan (FPIP). The award is subject to a stretch
performance target in the financial year 2024, and will vest in 2025. The
award is in line with FPIP awards made to other key individuals at IAG.

 

Further information in relation to IAG share plans is 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 of the MAR.

 

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
                                                                    Sarah Clements

 a)   Name

 2    Reason for the notification

 a)   Position/status                                               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

                                                                    Ordinary shares of 0.10 euro each

      Identification code

                                                                    ES0177542018
 b)   Nature of the transaction                                     1.   Award of conditional shares granted under the IAG Executive Share Plan
                                                                    (ESP), vesting in two tranches: (i) 2024,  and (ii) in 2025

                                                                    2.   Award of conditional shares granted under the IAG Executive Share Plan
                                                                    (Full Potential Incentive Plan), vesting in 2025 (iii).

(i)  ESP
 c)   Price(s) and volume(s)                                        Price  Volume

                                                             0   37,285
                                                                    (ii) ESP

                                                             Price  Volume
                                                                    0   74,571
                                                                    (iii) FPIP
                                                                    Price  Volume
                                                                    0   288,447
 d)   Aggregated information

Price  Volume
      - Aggregated volume                                           0   400,303

      - Price
 e)   Date of the transaction                                       6 December 2022
 f)   Place of the transaction                                      Outside a trading venue

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 0.10 euro each

 

 

 

ES0177542018

b)

Nature of the transaction

1.   Award of conditional shares granted under the IAG Executive Share Plan
(ESP), vesting in two tranches: (i) 2024,  and (ii) in 2025

 

2.   Award of conditional shares granted under the IAG Executive Share Plan
(Full Potential Incentive Plan), vesting in 2025 (iii).

 

c)

 

Price(s) and volume(s)

 

 

 

 (i)  ESP
 Price  Volume
 0      37,285
 (ii) ESP
 Price  Volume
 0      74,571
 (iii) FPIP
 Price  Volume
 0      288,447

d)

 

Aggregated information

 

- Aggregated volume

- Price

 

 

 Price  Volume
 0      400,303

e)

Date of the transaction

6 December 2022

f)

Place of the transaction

Outside a trading venue

 

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