Director/PDMR Shareholding

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 /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 0.10 euro each ES0177542018
b)	Nature of the transaction	Acquisition of shares following the exercise of nil-cost options granted in March 2016 under the Performance Share Plan (PSP)

 

c)	Price(s) and volume(s)	Price(s) Volume(s) £2.026 45,648
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	26 May 2021
f)	Place of the transaction	London

 

END

 

 

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