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|Conversion of Securities|
As an alternative to the redemption of the Bonds, the Bondholders have the option under the terms and conditions of the Bonds to exchange their Bonds for ordinary shares in the Issuer by delivering a duly completed and signed conversion notice and nationality declaration to
As at today's date, the conversion price of the Bonds is €4.1976 per ordinary share in the Issuer of which €0.50, in the case of a conversion, per share corresponds to the nominal value and €3.6976 per share corresponds to share premium. The closing price of an ordinary share in the Issuer was €6.4671 on
The Conversion Deadline represents the final opportunity for Bondholders to convert their Bonds into ordinary shares in the Issuer before the redemption of all outstanding Bonds on the Optional Redemption Date.
The following document has been submitted to the National Storage Mechanism and will be available for inspection at http://www.morningstar.co.uk/uk/NSM in due course:
Optional Redemption Notice dated
This document will also be available in the Debtholders section of the IAG website at www.iairgroup.com shortly.
This notification is made in accordance with Listing Rule 9.6.1R and Disclosure and Transparency Rule 2.2.1R.
Enrique Dupuy de Lôme
Chief Financial Officer