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|Exercise of British Airways convertible bonds|
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This notification follows on from the relevant fact of 16 August 2013, in relation to the exercise by British Airways Plc of its option to redeem all of its outstanding £350,000,000 5.80 per cent. convertible bonds due 2014 (the "Bonds").
In connection with this, International Consolidated Airlines Group, S.A. ("IAG") announces that on the date hereof it has received a request from British Airways Plc for the issue of a total of 30,901,051 new ordinary shares in IAG in order to effect the conversion requests received from holders of the Bonds. On the date hereof, IAG will execute the corresponding public deed recording the issue of such shares.
It is placed on record that on the date hereof the term for bondholders to exercise their rights to convert their Bonds into ordinary shares in IAG has ended. As announced in the relevant fact of 24 September 2013, requests for conversions were received in respect of all the Bonds within that time period.
As a result, considering this last request from British Airways Plc for the issue of 30,901,051 new ordinary shares in IAG, the Company will have issued a total of 184,708,966 new ordinary shares in IAG to effect the conversion requests received from bondholders. Thus, following completion of the conversion procedure, IAG's share capital will amount to 1,020,039,261.50 euros, divided into 2,040,078,523 ordinary shares each with a par value of 0.50 euros.