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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END
 
 
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