International Cons Airlines Group Director/PDMR Shareholding (0222F)
04 Marzo 2020 - 2:37PM
UK Regulatory
TIDMIAG
RNS Number : 0222F
International Cons Airlines Group
04 March 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 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 settlement of income tax /
national insurance liabilities) following the end of the two-year
holding period of the nil-cost options granted in May 2015 under
the Company's Performance Share Plan.
One-third of the award was subject to Total Shareholder Return
(TSR) performance condition measured against an index, one-third
was subject to Earnings Per Share (EPS) and the final third was
subject to Return on Invested Capital (RoiC). The outcome of these
performance conditions, tested at the end of the performance period
which began on 1 January 2015 and ended on 31 December 2017, was
that 66.67 per cent of the award vested with the remaining shares
lapsing.
These share plans are more fully described in the Company's 2018
and 2019 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 Javier Sánchez-Prieto
--------------------- ------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status Persons Discharging Managerial Responsibilities
(PDMR) / Chairman and Chief Executive Vueling
--------------------- ------------------------------------------------
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 0.50 euro each
instrument,
type of instrument
ES0177542018
Identification
code
--------------------- ------------------------------------------------
b) Nature of Acquisition of shares following the exercise
the transaction of nil-cost options granted in May 2015 under
the Performance Share Plan (PSP)
--------------------- ------------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) 4.316 20,002
----------
--------------------- ------------------------------------------------
d) Aggregated
information
- Aggregated Not applicable
volume
- Price
--------------------- ------------------------------------------------
e) Date of the 2 March 2020
transaction
--------------------- ------------------------------------------------
f) Place of London
the transaction
--------------------- ------------------------------------------------
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 settlement of income tax /
national insurance liabilities) following the end of the two-year
holding period of the nil-cost options granted in May 2015 under
the Company's Performance Share Plan.
One-third of the award was subject to Total Shareholder Return
(TSR) performance condition measured against an index, one-third
was subject to Earnings Per Share (EPS) and the final third was
subject to Return on Invested Capital (RoiC). The outcome of these
performance conditions, tested at the end of the performance period
which began on 1 January 2015 and ended on 31 December 2017, was
that 66.67 per cent of the award vested with the remaining shares
lapsing.
These share plans are more fully described in the Company's 2018
and 2019 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 Chris Haynes
--------------------- ------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status Persons Discharging Managerial Responsibilities
(PDMR) / General Counsel
--------------------- ------------------------------------------------
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 0.50 euro each
instrument,
type of instrument
ES0177542018
Identification
code
--------------------- ------------------------------------------------
b) Nature of Acquisition of shares following the exercise
the transaction of nil-cost options granted in May 2015 under
the Performance Share Plan (PSP)
--------------------- ------------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) 4.511 22,527
----------
--------------------- ------------------------------------------------
d) Aggregated
information
- Aggregated Not applicable
volume
- Price
--------------------- ------------------------------------------------
e) Date of the 3 March 2020
transaction
--------------------- ------------------------------------------------
f) Place of London
the transaction
--------------------- ------------------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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