International Consolidated Airlines Group. S.A.

Remuneration Information • Mar 7, 2017

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RNS Number : 7813Y

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 award of deferred shares (in the form of conditional awards) under the Company's Incentive Award Deferral Plan (following the outcome of the 2016 annual incentive); and

·      The award of nil-cost options under the Company's Performance Share Plan for 2017.

These share plans are more fully described in the 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

·      Andrew Crawley

·      Alex Cruz

·      Ignacio de Torres

·      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 of IAG Cargo
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
Stephen Kavanagh	Chief Executive Officer of Aer Lingus
Javier Sanchez Prieto	Chairman and CEO of 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	£5.46	51,893	£5.46	311,355
Enrique Dupuy	£5.46	22,080	£5.46	147,198
Robert Boyle	£5.46	17,150	£5.46	102,901
Andrew Crawley	£5.46	10,302	£5.46	82,418
Alex Cruz	£5.46	0	£5.46	164,835
Ignacio de Torres	£5.46	8,033	£5.46	96,396
Luis Gallego	£5.46	26,746	£5.46	160,476
Steve Gunning	£5.46	16,117	£5.46	96,703
Chris Haynes	£5.46	12,821	£5.46	76,923
Stephen Kavanagh	£5.46	21,719	£5.46	130,314
Javier Sanchez Prieto	£5.46	15,203	£5.46	130,314
Julia Simpson	£5.46	7,459	£5.46	59,670

d)

Aggregated information

- Aggregated volume

- Price

N/A

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

END

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