International Cons Airlines Group Share repurchase programme (0455Z)
18 Mayo 2021 - 12:07PM
UK Regulatory
TIDMIAG
RNS Number : 0455Z
International Cons Airlines Group
18 May 2021
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A. ("IAG" or the
"Company") announces that it has agreed to undertake a share
repurchase programme (the "Programme"), in accordance with the
authorisation granted by the Annual General Shareholders' Meeting
held on 8 September 2020, for the purposes of satisfying share
awards to executives and employees (including executive directors)
made under the IAG share-based incentive plans. The Programme will
be carried out in accordance with the Market Abuse Regulation (EU)
596/2014 and Commission Delegated Regulation (EU) 2016/1052.
The Programme will have the following characteristics:
a) Regulated market: the shares will be purchased on the London Stock Exchange (the "Exchange").
b) Maximum pecuniary amount allocated to the programme: EUR27,500,000.
c) Maximum number of shares to be acquired: up to 10,500,000
shares, which represent 0.2 per cent of the Company's share capital
as of today's date (18 May 2021).
d) Maximum consideration per share: the shares will be purchased
at a maximum price of the higher of the price of the last
independent trade and the highest then current independent purchase
bid on the Exchange where the purchase is carried out.
e) Maximum volume per trading session: no more than 25 per cent
of the average daily volume of the shares traded on the Exchange in
the 20 trading days preceding the date of purchase.
f) Duration: The Programme will start on 19 May 2021 and end no later than 30 June 2021.
Shares purchased under the Programme will be held in
treasury.
Deutsche Bank Aktiengesellschaft ("Deutsche Bank') has been
engaged to implement the Programme. Deutsche Bank will make the
share purchases on the Company's behalf and make all trading
decisions independently of, and uninfluenced by, the Company.
Steve Gunning
Chief Financial Officer
18 May 2021
LEI: 959800TZHQRUSH1ESL13
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END
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