Last checked at 6 Mar 2013 08:28
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