RNS Number : 7812Y

International Cons Airlines Group

07 March 2017

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 2014 under the Company's Incentive Award Deferral Plan; and

·      The acquisition of shares (after the automatic settlement of income tax / national insurance liabilities) following the vesting of awards granted in March 2014 under the Company's Performance Share Plan. 50 per cent of the award was subject to the achievement of the Company's Earnings Per Share (EPS) targets and 50 per cent was subject to a Total Shareholder Return (TSR) performance condition measured against the MSCI European Transportation index. The outcome of these performance conditions was that 50 per cent of the award has vested with the remaining shares lapsing.

These share plans are more fully described in Ithe Company's 2016 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

·      William Walsh

·      Enrique Dupuy

·      Robert Boyle

·      Alex Cruz

·      Ignacio de Torres

·      Luis Gallego

·      Steve Gunning

·      Chris Haynes

·      Julia Simpson

2

Reason for the notification

a)

Position/status

Persons Discharging Managerial Responsibilities (PDMRs)

Name	Position
William Walsh	Executive Director
Enrique Dupuy	Executive Director
Robert Boyle	Director of Strategy
Alex Cruz	Chairman and CEO of British Airways
Ignacio de Torres	Director of Global Services
Luis Gallego	Chairman and CEO of Iberia
Steve Gunning	Chief Financial Officer of British Airways
Chris Haynes	General Counsel
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

Ordinary shares of 0.50 euro each

ES0177542018

b)

Nature of the transaction

Acquisition of shares following the vesting of conditional awards granted in March 2014 under the Incentive Award Deferral Plan (IADP) and the Performance Share Plan (PSP).

c)

Price(s) and volume(s)

	IADP		PSP
	Price(s)	Volume(s)	Price(s)	Volume(s)
William Walsh	£5.485	83,027	£5.485	105,431
Enrique Dupuy	£5.485	28,273	£5.485	38,338
Robert Boyle	£5.485	24,598	£5.485	33,354
Alex Cruz	£5.485	9,424	£5.485	38,338
Ignacio de Torres	£5.485	21,066	£5.485	32,204
Luis Gallego	£5.485	0	£5.485	52,137
Steve Gunning	£5.485	13,786	£5.485	23,768
Chris Haynes	£5.485	13,593	£5.485	17,635
Julia Simpson	£5.485	14,306	£5.485	19,398

d)

Aggregated information

- Aggregated volume

- Price

Not applicable

e)

Date of the transaction

6 March 2017

f)

Place of the transaction

Outside a trading venue

This information is provided by RNS

The company news service from the London Stock Exchange

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