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Director/PDMR Shareholding

International Consolidated Airlines Group, S.A. (the “Company” or “IAG”) discloses the following information regarding certain of its share plans.

Performance Share Plan (“PSP”) 2011-2013

In accordance with the PSP rules, the share awards granted in March 2011 were tested for the performance period January 2011 to 31 December 2013. Thirty per cent of the award was linked to the Company’s synergy targets and seventy per cent subject to a Total Shareholder Return (TSR) performance condition measured against a group of comparator airlines. The outcome of these performance conditions was that 100 per cent of the award has vested.

In accordance with the above, the Executive Directors and Persons Discharging Managerial Responsibilities (“PDMRs”) of the Company who were beneficiaries of this plan have received an award of shares as follows:

 

Name

Position

Number of vested shares

Willie Walsh

Executive Director

714,285

Enrique Dupuy de Lòme Chavarri

Executive Director

249,350

Robert Boyle

PDMR

212,987

Ignacio de Torres

PDMR

212,987

Steve Gunning

PDMR

64,935

Chris Haynes

PDMR

95,238

Julia Simpson

PDMR

106,060

Keith Williams

PDMR

409,090

 

The PSP is more fully described in the IAG Annual Report and Annual Accounts for the period ending 31 December 2013 which can be accessed online at IAG´s website: www.iagshares.com.

Incentive Award Deferral Plan (“IADP”) 2011

In accordance with IAG’s remuneration policy, half of any annual incentive award is paid in deferred shares in the Company which vest after three years. Under the IADP, Executive Directors and PDMRs of the Company who were awarded deferred shares in 2011 have received their award as follows:

Name

Position

Number of shares released

Willie Walsh

Executive Director

90,984

Robert Boyle

PDMR

28,915

Steve Gunning

PDMR

10,783

Chris Haynes

PDMR

5,649

Julia Simpson

PDMR

14,038

Keith Williams

PDMR

44,904


Under the IAG IADP, no other performance conditions apply because it is based on performance conditions already delivered in 2010.

The IAG IADP 2011 is more fully described in the IAG Annual Report and Annual Accounts for the period ending 31 December 2013 which can be accessed online at IAG´s website: www.iagshares.com.

British Airways Share Option and Long Term Incentive Plans 2004 and 2005

The following PDMR exercised his option to acquire ordinary shares of 0.50 euro each in the capital of the Company granted under the British Airways Share Option Plan and the British Airways Long Term Incentive Plan as detailed in the table below:


Name

Position

Number of shares

Exercise price

Keith Williams

PDMR

69,927

£2.76

Keith Williams

PDMR

72,480

£2.62

Keith Williams

PDMR

22,141

Nil

Dealings in Shares

Following the above vestings and exercises the following Executive Directors and PDMRs each sold ordinary shares of 0.50 euro in the Capital of the Company on the London Stock Exchange on 3 April 2014 as set out in the table below:

Name

Position

Number of shares sold

Price per Share

Willie Walsh

Executive Director

373,986

4.233484p

Enrique Dupuy de Lòme Chavarri

Executive Director

135,813

4.233484p

Robert Boyle

PDMR

177,135

4.233484p

Ignacio de Torres

PDMR

98,927

4.233484p

Steve Gunning

PDMR

35,191

4.233484p

Chris Haynes

PDMR

73,880

4.233484p

Julia Simpson

PDMR

84,193

4.233484p

Keith Williams

PDMR

618,542

4.233484p

 

4 April 2014
IAG Investor Relations