International Cons Airlines Group Completion of share purchase programme (8470A)
26 Mayo 2023 - 7:10AM
UK Regulatory
TIDMIAG
RNS Number : 8470A
International Cons Airlines Group
26 May 2023
Completion of the share purchase programme
In relation to the share purchase programme (the "Programme")
announced on 9 May 2023, following the acquisitions made on 25 May
2023, INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A. ("IAG" or the
"Company") has concluded this Programme in accordance with its
terms.
Under the Programme, the Company has acquired a total of
27,000,000 ordinary shares, representing approximately 0.5 per cent
of the Company's share capital.
As communicated at the time, the purpose of this Programme was
for the Company to hedge its requirement to deliver shares to
Globalia as part of the consideration for its proposed acquisition
of the remaining 80 per cent. of the issued share capital of Air
Europa. As announced on 24 February 2023, the proposed acquisition
of Air Europa is subject to regulatory and other approvals. If the
proposed acquisition is not completed, the shares purchased under
the Programme alternatively may be used to satisfy share awards to
executives and employees (including executive directors) made under
the IAG share-based incentive plans.
IAG Shareholder Services
26 May 2023
LEI: 959800TZHQRUSH1ESL13
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