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RNS

Director/PDMR Shareholding

Released 08:28 06-Mar-2013

RNS Number : 3461Z
International Cons Airlines Group
06 March 2013
 



 

 

INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.

 

SHARE PLAN AWARDS

 

International Consolidated Airlines Group, S.A (the "Company" or "IAG") discloses that the Executive Directors and Persons Discharging Managerial Responsibilities ("PDMR") of the Company have received conditional awards of shares of the Company under the IAG Performance Share Plan ("IAG PSP 2013") and the IAG Incentive Award Deferral Plan ("IAG IADP 2013") on 6 March 2013 in accordance with the following breakdown.  The awards are subject to shareholder approval at the Shareholder Meeting to be held in June 2013.

 

Name

Position

IAG PSP 2013

Number of Awards

IAG IADP 2013

Number of Awards

Willie Walsh

Director

684,647

Nil

Keith Williams

Director

404,564

101,141

Rafael Sánchez-Lozano Turmo

Director

319,676

Nil

Enrique Dupuy de Lôme

PDMR

248,963

62,241

Robert Boyle

PDMR

216,598

61,369

Ignacio de Torres Zabala

PDMR

209,129

48,797

Julia Simpson

PDMR

125,975

29,394

Chris Haynes

PDMR

114,523

30,539

 

The vesting of the IAG PSP 2013 award, at the end of the three-year performance period, is dependent on performance measures determined by IAG. For this award, 50% will be subject to a Total Shareholder Return (TSR) relative to the MSCI European Transportation Index, and 50% will be subject to an Earnings Per Share (EPS) performance condition. 

 

The awards under the IAG IADP 2013 will be subject to forfeiture if the executive leaves during the three-year deferral period other than on retirement or redundancy.

 

No consideration is payable for the making or vesting of the awards by the beneficiaries.

 

Both schemes and the IAG PSP 2013 performance conditions are more fully described in the IAG Annual Report and Annual Accounts for the period ending 31 December 2012 which can be accessed online at IAG´s website: www.iagshares.com.

 

Notification is made under Disclosure Rule 3.1.4. 

 

6 March 2013

 

IAG Investor Relations


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Director/PDMR Shareholding - RNS