24th Sep 2020 12:30
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 |
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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 | |
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 |
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| 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 |
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| 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 |
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| 17 September 2020 | N/a | Julia Simpson | €0.92 | 50,174 | €0.475 | 145,643 | 18 September 2020 | London |
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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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