REG - Intl Con Airline Grp - Director/PDMR Shareholding

International Consolidated Airlines SAAnnouncement

22/12/2021 16:35

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RNS Number : 5352W  International Cons Airlines Group  22 December 2021

 

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 and March 2016 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 was that for the
2015 award 66.67 per cent  of the award vested, and for the 2016 award was
that 46.19 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 (http://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                                                         Fernando Candela

 2    Reason for the notification

 a)   Position/status                                              Persons Discharging Managerial Responsibilities (PDMR) / Chief Transformation

                                                            Officer

 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                                    Acquisition of shares following the exercise of nil-cost options granted in

                                                            May 2015 and March 2016 under the Performance Share Plan (PSP)

 c)   Price(s) and volume(s)

Price(s)  Volume(s)

                                                                   1.437     57,827
 d)   Aggregated information

      - Aggregated volume

                                                                   Not applicable

      - Price

 e)   Date of the transaction                                      22 December 2021

 f)   Place of the transaction                                     London

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

 

 

Acquisition of shares following the exercise of nil-cost options granted in
May 2015 and March 2016 under the Performance Share Plan (PSP)

c)

 

Price(s) and volume(s)

 

 

 

 Price(s)  Volume(s)

 1.437     57,827

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

 

Not applicable

e)

 

Date of the transaction

 

 

22 December 2021

f)

 

Place of the transaction

 

 

London

 

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