Director/PDMR Shareholding

RNS Number : 0392A

International Cons Airlines Group

24 September 2020

 

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 transactions of which it has been notified under article 19.1 of the EU Market Abuse Regulation ('MAR'), relating to the capital increase with pre-emptive subscription rights to raise gross proceeds of €2,741 million through the issuance of 2,979,443,376 new shares in IAG (the "New Shares") with a subscription price of  0.92 for each New Share (the "Capital Increase"), as approved by IAG shareholders on 8 September 2020.

The Capital Increase pre-emptive subscription period is 12 - 26 September 2020. Each Director who is a shareholder and who is able to participate in the Capital Increase has irrevocably undertaken to exercise in full or in part his or her subscription rights to subscribe for New Shares.

The following is confirmation of the transactions relating to the subscription rights by each Director and the members of the IAG Management Committee. A further disclosure will be made in due course in relation to the number of New Shares received by each one.

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		· Antonio Vazquez · Giles Agutter · Michael Ewing · Javier Ferran · Maria Fernanda Mejia · Panagiotis Tsourapas · Nicola Shaw · Alberto Terol · Luis Gallego · Steve Gunning · Joanne Gunning · Alex Cruz · Henry Daniels · Helen Daniels · Sean Doyle · Lynne Embleton · Alistair Hartley · Chris Haynes · Javier Sanchez-Prieto · Marco Sansavini · Julia Simpson
2	Reason for the notification
a)	Position/status		Persons Discharging Managerial Responsibilities (PDMRs)/Person Closely Associated (PCA) Name Position Antonio Vazquez Giles Agutter Michael Ewing Javier Ferran Maria Fernanda Mejia Panagiotis Tsourapas Nicola Shaw Alberto Terol Luis Gallego Chairman Proprietary Director PCA to Margaret Ewing, Non-Executive Director Non-Executive Director Non-Executive Director PCA to Maria Fernanda Mejia, Non-Executive Director Non-Executive Director Non-Executive Director Executive Director Steve Gunning Joanne Gunning Executive Director PCA to Steve Gunning, Executive Director Alex Cruz Chairman and CEO British Airways Henry Daniels Helen Daniels Sean Doyle Chairman and CEO IAG Loyalty PCA to Adam Daniels, Chairman and CEO IAG Loyalty Chairman and CEO Aer Lingus Lynne Embleton Chairman and CEO IAG Cargo Alistair Hartley Director of Strategy Chris Haynes General Counsel Javier Sanchez-Prieto Marco Sansavini Chairman and CEO Iberia Chairman and CEO Vueling 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	Subscription rights issued pursuant to the Capital Increase of the issuer ES0677542906
b)	Nature of the transaction	Exercise and/or sale of subscription rights (as applicable)
c)	Price(s) and volume(s)	Exercise ('take up') of subscription rights Sale of subscription rights Date of transaction Place of  transaction Price(s) € Volume(s) Price(s) €/£ Volume(s) Antonio Vazquez €0.92 596,290 22 September 2020 N/a Giles Agutter €0.92 250 18 September 2020 N/a Michael Ewing €0.92 7,500 17 September 2020 N/a Javier Ferran €0.92 309,900 17 September 2020 N/a Maria Fernanda Mejia €0.92 24,000 21 September 2020 N/a Panagiotis Tsourapas €0.92 25,000 15 September 2020 N/a Nicola Shaw €0.92 1,714 18 September 2020 N/a Alberto Terol €0.92 26,537 22 September 2020 N/a Luis Gallego €0.92 88,642 €0.475 257,308 18 September 2020 London Luis Gallego €0.92 108,349 21 September 2020 N/a Steve Gunning €0.92 118,412 £0.163 85,270 21 September 2020 London Steve Gunning £0.172 11,200 21 September 2020 London Steve Gunning £0.157 1,445 21 September 2020 London Steve Gunning €0.92 6,693 22 September 2020 N/a Steve Gunning £0.130 8,726 22 September 2020 London Joanne Gunning €0.92 5,089 22 September 2020 N/a Alex Cruz €0.92 24,392 €0.475 70,810 18 September 2020 London Henry Daniels €0.92 5,268 €0.475 15,294 18 September 2020 London Helen Daniels €0.475 18,485 18 September 2020 London Sean Doyle €0.92 12,774 €0.475 37,081 18 September 2020 London Lynne Embleton €0.92 34,726 €0.475 100,805 18 September 2020 London Alistair Hartley €0.92 958 €0.475 2,784 18 September 2020 London Chris Haynes €0.92 57,348 €0.475 166,468 18 September 2020 London Javier Sanchez-Prieto €0.92 42,052 €0.475 122,070 18 September 2020 London Javier Sanchez-Prieto €0.92 50,000 €0.214 20,000 23 September 2020 London Marco Sansavini €0.92 18,735 17 September 2020 N/a Julia Simpson €0.92 50,174 €0.475 145,643 18 September 2020 London
d)	Aggregated information - Aggregated volume - Price			Not applicable
e)	Date of the transaction			As above
f)	Place of the transaction			As above

 

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