REPURCHASE OF THE CONVERTIBLE BONDS DUE 2020

About this update from International Consolidated Airlines Group Sa

[{"type":"text","content":"\n \nRNS Number : 1555D International Cons Airlines Group 24 June 2019  \n\nTHIS ANNOUNCEMENT IS NOT FOR RELEASE IN OR INTO THE UNITED STATES OF  AMERICA, CANADA, JAPAN, AUSTRALIA, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW \nINTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A. (the \"Company\"), pursuant to article 17 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council on Market Abuse and article 226 of the Restated Text of the Spanish Securities Market Act approved by Royal Legislative Decree 4/2015, of 23 October and related provisions, hereby communicates the following privileged information:\nRELEVANT EVENT\nREPURCHASE OF THE €500,000,000 0.25% CONVERTIBLE BONDS DUE 2020\nThe Company hereby announces an invitation (the \"Invitation\") to the holders (the \"Bondholders\") of its €500,000,000 0.25% Convertible Bonds due 17 November 2020, ISIN XS1322536332, (of which €500,000,000 are currently outstanding) (the \"Bonds\") to tender their Bonds to the Company by way of a reverse bookbuilding process.\nThe Invitation is targeted at Bondholders that are not persons located or resident in the United States or otherwise U.S. Persons (within the meaning of Regulation S under the U.S. Securities Act of 1933, as amended) or persons acting for the account or benefit of such persons (such Bondholders being the \"Eligible Bondholders\").\nThe Company shall be under no obligation to accept any Bonds tendered by Eligible Bondholders for purchase. To the extent that the Company, in its sole discretion, accepts any Bonds tendered by Eligible Bondholders in connection with the Invitation, such Eligible Bondholders will receive an amount in cash per €100,000 of Bonds equal to €100,200 (the \"Repurchase Price\"). In addition, the Company will pay accrued interest on the Bonds from and including 17 May 2019 (the last interest payment date of the Bonds) to but excluding the date the Repurchase Price is paid to the Eligible Bondholders. \nEligible Bondholders wishing to tender any or all of their Bonds to the Company in connection with the Invitation must do so in accordance with the procedures set out in the invitation term sheet that has been prepared by the Company in connection with the Invitation (the \"Invitation Term Sheet\"). The Invitation Ter...

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