RNS Number : 7174N

International Cons Airlines Group

10 May 2018

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 award of deferred shares (in the form of conditional awards) under the Company's Incentive Award Deferral Plan (following the outcome of the 2017 annual incentive); and

·      The award of nil-cost options under the Company's Performance Share Plan for 2018.

These share plans are more fully described in the Company's 2017 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

·      Andrew Crawley

·      Alex Cruz

·      Ignacio de Torres

·      Lynne Embleton

·      Luis Gallego

·      Steve Gunning

·      Chris Haynes

·      Stephen Kavanagh

·      Javier Sanchez Prieto

·      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
Andrew Crawley	Chief Executive Officer Avios
Alex Cruz	Chairman and CEO British Airways
Ignacio de Torres	Director of Global Services
Lynne Embleton	Chief Executive IAG Cargo
Luis Gallego	Chairman and CEO Iberia
Steve Gunning	Chief Financial Officer British Airways
Chris Haynes	General Counsel
Stephen Kavanagh	Chief Executive Officer Aer Lingus
Javier Sanchez Prieto	Chairman and CEO Vueling
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

Award of conditional shares under the Incentive Award Deferral Plan (IADP) and nil-cost options under the Performance Share Plan (PSP), for nil consideration. 

c)

Price(s) and volume(s)

	IADP		PSP
	Price(s)	Volume(s)	Price(s)	Volume(s)
William Walsh	6.91	114,297	6.91	246,020
Enrique Dupuy	6.91	52,939	6.91	118,741
Robert Boyle	6.91	37,808	6.91	82,489
Andrew Crawley	6.91	29,991	6.91	66,339
Alex Cruz	6.91	59,036	6.91	132,417
Ignacio de Torres	6.91	35,903	6.91	77,279
Lynne Embleton	6.91	31,234	6.91	66,339
Luis Gallego	6.91	59,850	6.91	128,826
Steve Gunning	6.91	37,603	6.91	77,800
Chris Haynes	6.91	29,965	6.91	61,997
Stephen Kavanagh	6.91	50,322	6.91	106,878
Javier Sanchez Prieto	6.91	51,658	6.91	106,878
Julia Simpson	6.91	22,453	6.91	50,362

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

10 May 2018

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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