Last checked at 24 Mar 2022 18:20
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 automatic settlement of income tax / national insurance liabilities) following the vesting of awards granted in March 2019.
· These awards reflect the deferred element of the annual incentive award for 2018 under the IAG Incentive Award Deferral Plan. Awards represent 50% of the total annual incentive outturn for the individual, deferred for three years.
· Award level reflects both IAG's performance ending 31 December 2018 in which the Group delivered an operating profit pre-exceptional items of €3,230 million, and individual performance in role in the 2018 performance period.
This share plan is more fully described in the Company's 2021 Directors' Remuneration Report, which can be accessed online at www.iairgroup.com.
This announcement is made in accordance with Article 19.3 of MAR.
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||||||||||||||||||||||||||||||
a)
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Name
| · Luis Gallego · Fernando Candela · Adam Daniels · Sean Doyle · Lynne Embleton · Chris Haynes · Carolina Martinoli · Javier Sanchez-Prieto · Marco Sansavini
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2 | Reason for the notification | ||||||||||||||||||||||||||||||||||
a)
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Position/status
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Persons Discharging Managerial Responsibilities (PDMRs)
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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 |
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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)
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Description of the financial instrument, type of instrument
Identification code
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Ordinary shares of 0.10 euro each
ES0177542018 | |||||||||||||||||||||||||||||||||
b) | Nature of the transaction | Acquisition of shares following the vesting of deferred awards granted in March 2019 as part of the 2018 annual incentive plan outturn, which reflected group performance and individual performance in role for the period ending 31 December 2018. | |||||||||||||||||||||||||||||||||
c)
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Price(s) and volume(s)
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d)
| Aggregated information
- Aggregated volume - Price |
Not applicable | |||||||||||||||||||||||||||||||||
e) | Date of the transaction | 21 March 2022 | |||||||||||||||||||||||||||||||||
f) | Place of the transaction | Outside a trading venue | |||||||||||||||||||||||||||||||||