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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October 31, 2022 13:00 ET (17:00 GMT)

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