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

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHBUGDXCXGBGRR
UK 100

Latest directors dealings