International Cons Airlines Group Share repurchase programme (6190M)
24 Maio 2022 - 9:50AM
UK Regulatory
TIDMIAG
RNS Number : 6190M
International Cons Airlines Group
24 May 2022
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A. ("IAG" or the
"Company") announces that it has agreed to undertake a share
repurchase programme (the "Programme"), in accordance with the
authorisation granted by the Annual General Shareholders' Meeting
held on 17 June 2021, for the purposes of satisfying share awards
to executives and employees (including executive directors) made
under the IAG share-based incentive plans. The Programme will be
carried out in accordance with the Market Abuse Regulation (EU)
596/2014 and Commission Delegated Regulation (EU) 2016/1052 and in
accordance with Chapter 12 of the UK Listing Rules .
The Programme will have the following characteristics:
a) Regulated market: the shares will be purchased on the London Stock Exchange (the "Exchange").
b) Maximum pecuniary amount allocated to the programme: EUR32,000,000.
c) Maximum number of shares to be acquired: up to 15,000,000
shares, which represent 0.3 per cent of the Company's share capital
as of today's date (24 May 2022).
d) Maximum consideration per share: the shares will be purchased
at a maximum price of the higher of the price of the last
independent trade and the highest then current independent purchase
bid on the Exchange where the purchase is carried out.
e) Maximum volume per trading session: no more than 25 per cent
of the average daily volume of the shares traded on the Exchange in
the 20 trading days preceding the date of purchase.
f) Duration: The Programme will start on 24 May 2022 and end no later than 5 July 2022.
Shares purchased under the Programme will be held in
treasury.
Deutsche Bank Aktiengesellschaft ("Deutsche Bank') has been
engaged to implement the Programme. Deutsche Bank (or any of its
delegates) will make the share purchases on the Company's behalf
and make all trading decisions independently of, and uninfluenced
by, the Company.
Nicholas Cadbury
Chief Financial Officer
24 May 2022 LEI: 959800TZHQRUSH1ESL13
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END
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