Director/PDMR Shareholding

RNS Number : 9608F

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 award of shares granted under the IAG Executive Share Plan (Restricted Share Plan), vesting in 2025.This Plan is a core element of overall senior leader remuneration, focusing senior leaders on long term shareholder value creation.

· The award is granted in accordance with IAG's remuneration policy, as approved by shareholders in June 2021.

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 the Market Abuse Regulation (MAR).

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	· Luis Gallego · Nicholas Cadbury · Fernando Candela · Adam Daniels · Sean Doyle · Lynne Embleton · John Gibbs · Chris Haynes · Carolina Martinoli · David Podolsky · 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) Nicholas Cadbury Chief Financial Officer Fernando Candela Chief Transformation Officer Adam Daniels Sean Doyle Lynne Embleton Chairman and CEO IAG Loyalty Chairman and CEO British Airways Chairman and CEO Aer Lingus John Gibbs Chief Information Officer Chris Haynes General Counsel Carolina Martinoli Chief People, Corporate Affairs and Sustainability Officer David Podolsky Chief Strategy Officer and CEO IAG Cargo 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	Award of shares granted under the IAG Restricted Share Plan, vesting in 2025, subject to the terms and conditions of the Plan.
c)	Price(s) and volume(s)	Price RSP £ Volume Luis Gallego nil 581,907 Nicholas Cadbury nil 681,257 Fernando Candela nil 255,471 Adam Daniels nil 255,471 Sean Doyle nil 514,934 Lynne Embleton nil 397,338 John Gibbs nil 255,471 Chris Haynes nil 271,438 Carolina Martinoli nil 255,471 David Podolsky nil 271,438 Javier Sanchez-Prieto nil 477,473 Marco Sansavini nil 389,992
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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