International Cons Airlines Group Share purchase programme (9887C)
June 16 2023 - 3:04AM
UK Regulatory
TIDMIAG
RNS Number : 9887C
International Cons Airlines Group
16 June 2023
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A. ("IAG" or the
"Company") announces that it has agreed to undertake a share
purchase programme (the "Programme"), in accordance with the
authorisation granted by the Annual General Shareholders' Meeting
held on 15 June 2023, 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: EUR35,000,000.
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 (16 June 2023).
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 16 June 2023 and end no
later than 31 August 2023, unless terminated by the Company or
Deutsche Bank in the event of any circumstance that so advises or
requires.
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
16 June 2023
LEI: 959800TZHQRUSH1ESL13
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END
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