TIDMIAG

RNS Number : 0778A

International Cons Airlines Group

27 May 2021

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                              Stephen Gunning 
     ---------------------  ------------------------------------------------ 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status        Persons Discharging Managerial Responsibilities 
                              (PDMR) / Chief Financial 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        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)        GBP2.026    45,648 
                                       ---------- 
 d)   Aggregated 
       information 
 
       - Aggregated        Not applicable 
       volume 
 
       - Price 
     -----------------  ------------------------- 
 e)   Date of the        26 May 2021 
       transaction 
     -----------------  ------------------------- 
 f)   Place of           London 
       the transaction 
     -----------------  -------------------------

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END

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May 27, 2021 08:47 ET (12:47 GMT)

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