TIDMIAG

RNS Number : 6890T

International Cons Airlines Group

26 March 2021

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

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                          Heather Ann McSharry 
     ----------------------------  ------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status               Non-Executive Director 
     ----------------------------  ------------------------------------- 
 b)   Initial notification          Initial notification 
       /Amendment 
     ----------------------------  ------------------------------------- 
 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,          Ordinary shares of 0.10 euro 
       type of instrument 
 
       Identification code            ES0177542018 
     ----------------------------  ------------------------------------- 
 b)   Nature of the transaction     Share purchase 
     ----------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)       Volume(s) 
                                      Share Price    Number of Shares 
                                                    ----------------- 
                                      GBP1.896       55,000 
                                                    ----------------- 
     ----------------------------  ------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume            n/a 
 
       - Price 
     ----------------------------  ------------------------------------- 
 e)   Date of the transaction       25 March 2021 
     ----------------------------  ------------------------------------- 
 f)   Place of the transaction      London 
     ----------------------------  ------------------------------------- 
 

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 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 46.19 per cent of the award vested with the remaining shares lapsing.

These share plans are more fully described in the Company's 2019 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                              Chris Haynes 
     ---------------------  ------------------------------------------------ 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status        Persons Discharging Managerial Responsibilities 
                              (PDMR) / General Counsel 
     ---------------------  ------------------------------------------------ 
 b)   Initial notification   Initial notification 
       /Amendment 
     ---------------------  ------------------------------------------------ 
 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        Ordinary shares of 0.10 euro each 
       instrument, 
       type of instrument 
                               ES0177542018 
       Identification 
       code 
     ---------------------  ------------------------------------------------ 
 b)   Nature of              Acquisition of shares following the exercise 
       the transaction        of nil-cost options granted in March 2016 
                              under the Performance Share Plan (PSP) 
     ---------------------  ------------------------------------------------ 
 c)   Price(s)                 Price(s)   Volume(s) 
       and volume(s)            1.899      43,510 
                                          ---------- 
     ---------------------  ------------------------------------------------ 
 d)   Aggregated 
       information 
 
       - Aggregated            Not applicable 
       volume 
 
       - Price 
     ---------------------  ------------------------------------------------ 
 e)   Date of the            25 March 2021 
       transaction 
     ---------------------  ------------------------------------------------ 
 f)   Place of               London 
       the transaction 
     ---------------------  ------------------------------------------------ 
 

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 / social securities 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 .

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                              Marco Sansavini 
     ---------------------  ------------------------------------------------ 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status        Persons Discharging Managerial Responsibilities 
                              (PDMR) / Chairman and Chief Executive Vueling 
     ---------------------  ------------------------------------------------ 
 b)   Initial notification   Initial notification 
       /Amendment 
     ---------------------  ------------------------------------------------ 
 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        Ordinary shares of 0.10 euro each 
       instrument, 
       type of instrument 
                               ES0177542018 
       Identification 
       code 
     ---------------------  ------------------------------------------------ 
 b)   Nature of              Acquisition of shares following the exercise 
       the transaction        of nil-cost options granted in May 2015 and 
                              March 2016 under the Performance Share Plan 
                              (PSP) 
     ---------------------  ------------------------------------------------ 
 c)   Price(s)                 Price(s)   Volume(s) 
       and volume(s)            1.903      56,421 
                                          ---------- 
     ---------------------  ------------------------------------------------ 
 d)   Aggregated 
       information 
 
       - Aggregated            Not applicable 
       volume 
 
       - Price 
     ---------------------  ------------------------------------------------ 
 e)   Date of the            25 March 2021 
       transaction 
     ---------------------  ------------------------------------------------ 
 f)   Place of               London 
       the transaction 
     ---------------------  ------------------------------------------------ 
 

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

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        David Podolsky 
     --------------------------  ----------------------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------------------- 
 a)   Position/status             Person Discharging Managerial Responsibilities/Chief 
                                   Strategy Officer 
     --------------------------  ----------------------------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  ----------------------------------------------------- 
 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,        American Depositary Receipt (ADRs) 
       type of instrument           (one ADR is equivalent to two ordinary 
                                    shares) 
       Identification code 
                                    CUSIP: 459348108 
     --------------------------  ----------------------------------------------------- 
 b)   Nature of the transaction   Purchase 
     --------------------------  ----------------------------------------------------- 
 c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                    ADR Price   Number of ADRs 
                                               --------------- 
                                    $5.25       12,000 
                                               --------------- 
     --------------------------  ----------------------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume          n/a 
 
       - Price 
     --------------------------  ----------------------------------------------------- 
 e)   Date of the transaction     25 March 2021 
     --------------------------  ----------------------------------------------------- 
 f)   Place of the transaction    OTC marketplace in the US 
     --------------------------  ----------------------------------------------------- 
 

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March 26, 2021 11:00 ET (15:00 GMT)