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viewInternational Consolidated Airlines Group

Intl Con Airline Grp - Director/PDMR Shareholding

RNS Number : 0392A
International Cons Airlines Group
24 September 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 transactions of which it has been notified under article 19.1 of the EU Market Abuse Regulation ('MAR'), relating to the capital increase with pre-emptive subscription rights to raise gross proceeds of €2,741 million through the issuance of 2,979,443,376 new shares in IAG (the "New Shares") with a subscription price of  €0.92 for each New Share (the "Capital Increase"), as approved by IAG shareholders on 8 September 2020.

 

The Capital Increase pre-emptive subscription period is 12 - 26 September 2020. Each Director who is a shareholder and who is able to participate in the Capital Increase has irrevocably undertaken to exercise in full or in part his or her subscription rights to subscribe for New Shares.

 

The following is confirmation of the transactions relating to the subscription rights by each Director and the members of the IAG Management Committee. A further disclosure will be made in due course in relation to the number of New Shares received by each one.

 

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

 

 

·      Antonio Vazquez

·      Giles Agutter

·      Michael Ewing

·      Javier Ferran

·      Maria Fernanda Mejia

·      Panagiotis Tsourapas

·      Nicola Shaw

·      Alberto Terol

·      Luis Gallego

·      Steve Gunning

·      Joanne Gunning

·      Alex Cruz

·      Henry Daniels

·      Helen Daniels

·      Sean Doyle

·      Lynne Embleton

·      Alistair Hartley

·      Chris Haynes

·      Javier Sanchez-Prieto

·      Marco Sansavini

·      Julia Simpson

 

2

 

Reason for the notification

a)

 

Position/status

 

 

Persons Discharging Managerial Responsibilities (PDMRs)/Person Closely Associated (PCA)

 

Name

 

Position

 

Antonio Vazquez

Giles Agutter

Michael Ewing

Javier Ferran

Maria Fernanda Mejia

Panagiotis Tsourapas

Nicola Shaw

Alberto Terol

Luis Gallego

Chairman

Proprietary Director

PCA to Margaret Ewing, Non-Executive Director

Non-Executive Director

Non-Executive Director

PCA to Maria Fernanda Mejia, Non-Executive Director

Non-Executive Director

Non-Executive Director

Executive Director

Steve Gunning

Joanne Gunning

Executive Director

PCA to Steve Gunning, Executive Director

Alex Cruz

Chairman and CEO British Airways

Henry Daniels

Helen Daniels

Sean Doyle

Chairman and CEO IAG Loyalty

PCA to Adam Daniels, Chairman and CEO IAG Loyalty

Chairman and CEO Aer Lingus

Lynne Embleton

Chairman and CEO IAG Cargo

Alistair Hartley

Director of Strategy

Chris Haynes

General Counsel

Javier Sanchez-Prieto

Marco Sansavini

Chairman and CEO Iberia

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

 

 

Subscription rights issued pursuant to the Capital Increase of the issuer

 

ES0677542906

b)

 

Nature of the transaction

 

 

Exercise and/or sale of subscription rights (as applicable)

c)

 

Price(s) and volume(s)

 

 


Exercise ('take up') of subscription rights

Sale of subscription rights

Date of transaction

Place of

 transaction


 

Price(s)

 

Volume(s)

 

Price(s)

€/£

 

Volume(s)

 



Antonio Vazquez

€0.92

596,290



22 September 2020

N/a

Giles Agutter

€0.92

250



18 September 2020

N/a

Michael Ewing

€0.92

7,500



17 September 2020

N/a

Javier Ferran

€0.92

309,900



17 September 2020

N/a

Maria Fernanda Mejia

€0.92

24,000



21 September 2020

N/a

Panagiotis Tsourapas

 

€0.92

25,000



15 September 2020

N/a

Nicola Shaw

€0.92

1,714



18 September 2020

N/a

Alberto Terol

€0.92

26,537



22 September 2020

N/a

Luis Gallego

 

€0.92

88,642

€0.475

257,308

18 September 2020

London

Luis Gallego

€0.92

108,349



21 September 2020

N/a

Steve Gunning

 

€0.92

118,412

£0.163

85,270

21 September 2020

London

Steve Gunning



£0.172

11,200

21 September 2020

London

Steve Gunning



£0.157

1,445

21 September 2020

London

Steve Gunning

€0.92

6,693



22 September 2020

N/a

Steve Gunning



£0.130

8,726

22 September 2020

London

Joanne Gunning

 

€0.92

5,089



22 September 2020

N/a

Alex Cruz

 

€0.92

24,392

€0.475

70,810

18 September 2020

London

Henry Daniels

€0.92

5,268

€0.475

15,294

18 September 2020

London

Helen Daniels



€0.475

18,485

18 September 2020

London

Sean Doyle

 

€0.92

12,774

€0.475

37,081

18 September 2020

London

Lynne Embleton

 

€0.92

34,726

€0.475

100,805

18 September 2020

London

Alistair Hartley

€0.92

958

€0.475

2,784

18 September 2020

London

Chris Haynes

 

€0.92

57,348

€0.475

166,468

18 September 2020

London

Javier Sanchez-Prieto

€0.92

42,052

€0.475

122,070

18 September 2020

London

Javier Sanchez-Prieto

 

€0.92

50,000

€0.214

20,000

23 September 2020

London

Marco Sansavini

€0.92

18,735



17 September 2020

N/a

Julia Simpson

 

€0.92

50,174

€0.475

145,643

18 September 2020

London

 

 

d)

 

Aggregated information

 

- Aggregated volume

- Price

 

 

 

Not applicable

e)

 

Date of the transaction

 

As above

f)

 

Place of the transaction

As above

 

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Quick facts: International Consolidated Airlines Group

Price: 107.2

Market: LSE
Market Cap: £5.34 billion
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