Last checked at 9 Mar 2022 18:15
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 following the end of the two-year holding period of the nil-cost options granted in March 2016 and March 2017 under the Company's Performance Share Plan.
One-third of the awards were 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 for 2016 46.19 per cent and for 2017 72.11 per cent of the award vested with the remaining shares lapsing.
These share plans are more fully described in the Company's 2019 and 2020 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 Iberia
| ||||
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
|
| ||||
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 March 2016 and March 2017 under the Performance Share Plan (PSP) | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
Not applicable | ||||
e)
| Date of the transaction
| 4 March 2022 | ||||
f)
| Place of the transaction
| London | ||||