Director/PDMR Shareholding

RNS Number : 9605F

International Cons Airlines Group

24 March 2022

 

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 2019.

· These awards reflect the deferred element of the annual incentive award for 2018 under the IAG Incentive Award Deferral Plan. Awards represent 50% of the total annual incentive outturn for the individual, deferred for three years.

· Award level reflects both IAG's performance ending 31 December 2018 in which the Group delivered an operating profit pre-exceptional items of €3,230 million, and individual performance in role in the 2018 performance period.

This share plan is more fully described in the Company's 2021 Directors' Remuneration Report, which can be accessed online at www.iairgroup.com .

This announcement is made in accordance with Article 19.3 of MAR.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	· Luis Gallego · Fernando Candela · Adam Daniels · Sean Doyle · Lynne Embleton · Chris Haynes · Carolina Martinoli · Javier Sanchez-Prieto · Marco Sansavini
2	Reason for the notification
a)	Position/status	Persons Discharging Managerial Responsibilities (PDMRs) Name   Position Luis Gallego Executive Director (Chief Executive) Fernando Candela Chief Transformation Officer Adam Daniels Chairman and CEO IAG Loyalty Sean Doyle Chairman and CEO British Airways Lynne Embleton Chairman and CEO Aer Lingus Chris Haynes General Counsel Carolina Martinoli Chief People, Corporate Affairs and Sustainability Officer Javier Sanchez-Prieto Chairman and CEO Iberia Marco Sansavini Chairman and CEO Vueling
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 vesting of deferred awards granted in March 2019 as part of the 2018 annual incentive plan outturn, which reflected group performance and individual performance in role for the period ending 31 December 2018.
c)	Price(s) and volume(s)	IADP Price(s) £ Volume(s) Luis Gallego 1.4044 62,044 Fernando Candela 1.4044 19,892 Adam Daniels 1.4044 3,986 Sean Doyle 1.4044 18,155 Lynne Embleton 1.4044 27,783 Chris Haynes 1.4044 26,105 Carolina Martinoli 1.4044 18,636 Javier Sanchez-Prieto 1.4044 36,485 Marco Sansavini 1.4044 17,558
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	21 March 2022
f)	Place of the transaction	Outside a trading venue

 

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