There are no changes to the resolutions for the 2021 AGM. However, attached to this release is an updated Notice of Meeting for IAG’s 2021 AGM which, on page 6, includes a single digit correction to the vesting schedule for the proposed LTI awards linked to Total Shareholder Return.
The correction is to the middle row of the table under the heading “Total Shareholder Return Performance Hurdle” – namely, the vesting was stated as commencing at 0%, but it should have read as 50%. This row in the table now reads:
Between the 50th and 75th percentile pro-rata vesting (on a straight line basis)
between 50% -100%
We confirm that the LTI award vesting schedule in IAG’s 2021 Remuneration Report is accurate, and did not include the above error.
This updated 2021 AGM Notice of Meeting has also been made available on the annual meetings page of this website.