Director/PDMR Shareholding

RNS Number : 7812Y

International Cons Airlines Group

07 March 2017

 

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 automatic settlement of income tax / national insurance liabilities) following the vesting of awards granted in March 2014 under the Company's Incentive Award Deferral Plan; and

·      The acquisition of shares (after the automatic settlement of income tax / national insurance liabilities) following the vesting of awards granted in March 2014 under the Company's Performance Share Plan. 50 per cent of the award was subject to the achievement of the Company's Earnings Per Share (EPS) targets and 50 per cent was subject to a Total Shareholder Return (TSR) performance condition measured against the MSCI European Transportation index. The outcome of these performance conditions was that 50 per cent of the award has vested with the remaining shares lapsing.

These share plans are more fully described in Ithe Company's 2016 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	·      William Walsh ·      Enrique Dupuy ·      Robert Boyle ·      Alex Cruz ·      Ignacio de Torres ·      Luis Gallego ·      Steve Gunning ·      Chris Haynes ·      Julia Simpson
2	Reason for the notification
a)	Position/status	Persons Discharging Managerial Responsibilities (PDMRs) Name Position William Walsh Executive Director Enrique Dupuy Executive Director Robert Boyle Director of Strategy Alex Cruz Chairman and CEO of British Airways Ignacio de Torres Director of Global Services Luis Gallego Chairman and CEO of Iberia Steve Gunning Chief Financial Officer of British Airways Chris Haynes General Counsel Julia Simpson Chief of Staff
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	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, type of instrument Identification code	Ordinary shares of 0.50 euro each ES0177542018
b)	Nature of the transaction	Acquisition of shares following the vesting of conditional awards granted in March 2014 under the Incentive Award Deferral Plan (IADP) and the Performance Share Plan (PSP).
c)	Price(s) and volume(s)	IADP PSP Price(s) Volume(s) Price(s) Volume(s) William Walsh £5.485 83,027 £5.485 105,431 Enrique Dupuy £5.485 28,273 £5.485 38,338 Robert Boyle £5.485 24,598 £5.485 33,354 Alex Cruz £5.485 9,424 £5.485 38,338 Ignacio de Torres £5.485 21,066 £5.485 32,204 Luis Gallego £5.485 0 £5.485 52,137 Steve Gunning £5.485 13,786 £5.485 23,768 Chris Haynes £5.485 13,593 £5.485 17,635 Julia Simpson £5.485 14,306 £5.485 19,398
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	6 March 2017
f)	Place of the transaction	Outside a trading venue

 

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