Removal of the limit on non-EU shareholding

About this update from International Consolidated Airlines Group Sa

[{"type":"text","content":"\n \nRNS Number : 1395A International Cons Airlines Group 17 January 2020  \n\nREMOVAL OF IAG LIMIT ON NON-EU SHAREHOLDING\nOn 11 February 2019, the share register of International Consolidated Airlines Group, S.A. (IAG) showed that ownership of IAG's issued shares by Relevant Non-EU Persons had reached 47.5 per cent.\n \nIAG's Board decided at that time, due to the level of share ownership by Relevant Non-EU Persons, that it was necessary to specify a maximum aggregate number of Relevant Non-EU Shares under Article 11.8(b) of IAG's bylaws (\"Permitted Maximum\").\n \nOn 17 January 2020, the share register of IAG shows that ownership of IAG's issued shares by Relevant Non-EU Persons is 39.5 per cent. \n \nAs a result, the Permitted Maximum is removed with immediate effect. Any outstanding Affected Share Notices are deemed withdrawn and will have no further effect.\n \nThe IAG Board will continue to monitor the Relevant Non-EU Persons ownership level. Under Article 11 of IAG's bylaws, the Board is authorised to re-impose the Permitted Maximum at any time if necessary.\n \n 17 January 2020\nFor all enquiries, please contact [email protected]. \nMedia enquiries should be sent to [email protected] \n \n \nLEI: 959800TZHQRUSH1ESL13\nThis announcement contains inside information and is disclosed in accordance with the company's obligations under the Market Abuse Regulation (EU) No 596/2014.\n \nUnless otherwise defined, terms used in this announcement shall have the meaning given to them in the Company's bylaws. The definitions of EU National, Member State, Relevant Non-EU Person, Relevant Non-EU Share, extracted from the Company's bylaws, are set out below:\n\"EU National\" means any national of a Member State.\n\"Member State\" means any state that from time to time is, or is deemed to be, a Member State for the purposes of Regulation (EC) No 1008/2008 of the European Parliament and of the Council of 24 September 2008, on common rules for the operation of air services in the Community (as amended or readopted), including (for the avoidance of doubt) any state that is from time to time a member state of the European Community and/or the European Economic Area.\nNote: as at the date of this announcement, each of the following states i...

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