International Cons Airlines Group Director/PDMR Shareholding (7981E)
31 Ottobre 2022 - 06:00PM
UK Regulatory
TIDMIAG
RNS Number : 7981E
International Cons Airlines Group
31 October 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:
Following approval at the 2022 Shareholder Meeting, an award of
shares has been granted to the IAG CEO under the IAG Executive
Share Plan (Restricted Share Plan (RSP)) in respect of the
financial year 2022, vesting in 2025 (contingent on the
satisfaction of a discretionary underpin and subject to a two year
holding period). This supplementary award, equating to 50 per cent
of salary, brings his award to the maximum opportunity of 150 per
cent of his salary, and ensures a fair and proportionate long-term
incentive opportunity, aligned with both external market and
relative positioning of the IAG CEO's total compensation compared
to that of his executive team.
This supplementary award is made on the same terms as if it had
been granted in March 2022.
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
Luis Gallego
a) Name
--------------------- --------------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------
a) Position/status Persons Discharging Managerial Responsibilities
(PDMRs) Position
Executive Director (Chief Executive)
--------------------- --------------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------- --------------------------------------------------
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 Ordinary shares of 0.10 euro each
instrument,
type of instrument
ES0177542018
Identification
code
--------------------- ---------------------------------------------------
b) Nature of Award of shares granted under the IAG Restricted
the transaction Share Plan, vesting in 2025, subject to the terms
and conditions of the Plan.
--------------------- ---------------------------------------------------
c) Price Volume
Price(s) 0 290,953
and volume(s) --------
--------------------- ---------------------------------------------------
d) Aggregated
information
- Aggregated Not applicable
volume
- Price
--------------------- ---------------------------------------------------
e) Date of the 28 October 2022
transaction
--------------------- ---------------------------------------------------
f) Place of Outside a trading venue
the transaction
--------------------- ---------------------------------------------------
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END
DSHBLBDGLUXDGDB
(END) Dow Jones Newswires
October 31, 2022 13:00 ET (17:00 GMT)
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