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International Consolidated Airlines Group SA (IAG) Ord EUR0.10 (CDI)

Sell:97.66p Buy:97.78p 0 Change: 2.92p (2.90%)
FTSE 100:0.29%
Market closed Prices as at close on 24 September 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-rights | Shareholder Meeting

International Consolidated Airlines Group SA Ord EUR0.50 (CDI)

Type:
Shareholder Meeting
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 20 Aug 2020)

International Consolidated Airlines Group SA has announced its intention to raise gross proceeds of EUR2.75 billion by way of a Rights Issue to strengthen its balance sheet.


The Rights Issue is subject to Shareholder Approval at a General Meeting to be held on 8 September 2020. If you wish to vote in respect of the proposals you will need to give us your instruction before noon on Tuesday 1 September 2020.


The proposed Rights Issue is expected to be launched as soon as possible after the Shareholders Meeting. At this time the terms for the Rights Issue have not been announced.


Unless you wish to vote on the proposals you need take no action at present. We will write to Qualifying Shareholders confirming full terms of the Rights Issue shortly after it launches.


Please note that all details here are provisional at this stage. There can be no guarantee that the Rights Issue will proceed until it has been approved at the General Meeting on 8 September 2020. If the Rights Issue does proceed correspondence will be sent to you that outlines full details of the event. Please note that any instruction you give in respect of the Rights Issue must be based on the full details provided in the correspondence and not on the summary information outlined here.


Please also note that a vote in favour of this Rights Issue is not an instruction to take up your Rights. You will be required to provide a separate instruction to take up your Rights once the final details have been confirmed.

×
Sell:97.66p
Buy:97.78p
Change: 2.92p (2.90%)
Market closed Prices as at close on 24 September 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-rights | Shareholder Meeting

International Consolidated Airlines Group SA Ord EUR0.50 (CDI)

Type:
Shareholder Meeting
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 20 Aug 2020)

International Consolidated Airlines Group SA has announced its intention to raise gross proceeds of EUR2.75 billion by way of a Rights Issue to strengthen its balance sheet.


The Rights Issue is subject to Shareholder Approval at a General Meeting to be held on 8 September 2020. If you wish to vote in respect of the proposals you will need to give us your instruction before noon on Tuesday 1 September 2020.


The proposed Rights Issue is expected to be launched as soon as possible after the Shareholders Meeting. At this time the terms for the Rights Issue have not been announced.


Unless you wish to vote on the proposals you need take no action at present. We will write to Qualifying Shareholders confirming full terms of the Rights Issue shortly after it launches.


Please note that all details here are provisional at this stage. There can be no guarantee that the Rights Issue will proceed until it has been approved at the General Meeting on 8 September 2020. If the Rights Issue does proceed correspondence will be sent to you that outlines full details of the event. Please note that any instruction you give in respect of the Rights Issue must be based on the full details provided in the correspondence and not on the summary information outlined here.


Please also note that a vote in favour of this Rights Issue is not an instruction to take up your Rights. You will be required to provide a separate instruction to take up your Rights once the final details have been confirmed.

×
Sell:97.66p
Buy:97.78p
Change: 2.92p (2.90%)
Market closed Prices as at close on 24 September 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-rights | Shareholder Meeting

International Consolidated Airlines Group SA Ord EUR0.50 (CDI)

Type:
Shareholder Meeting
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 20 Aug 2020)

International Consolidated Airlines Group SA has announced its intention to raise gross proceeds of EUR2.75 billion by way of a Rights Issue to strengthen its balance sheet.


The Rights Issue is subject to Shareholder Approval at a General Meeting to be held on 8 September 2020. If you wish to vote in respect of the proposals you will need to give us your instruction before noon on Tuesday 1 September 2020.


The proposed Rights Issue is expected to be launched as soon as possible after the Shareholders Meeting. At this time the terms for the Rights Issue have not been announced.


Unless you wish to vote on the proposals you need take no action at present. We will write to Qualifying Shareholders confirming full terms of the Rights Issue shortly after it launches.


Please note that all details here are provisional at this stage. There can be no guarantee that the Rights Issue will proceed until it has been approved at the General Meeting on 8 September 2020. If the Rights Issue does proceed correspondence will be sent to you that outlines full details of the event. Please note that any instruction you give in respect of the Rights Issue must be based on the full details provided in the correspondence and not on the summary information outlined here.


Please also note that a vote in favour of this Rights Issue is not an instruction to take up your Rights. You will be required to provide a separate instruction to take up your Rights once the final details have been confirmed.

×
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Financial results for the last 5 years

Values are quoted in the stock's local currency: Euro.

Income Statement: 31/12/2019 31/12/2018 31/12/2017 31/12/2016 31/12/2015
  € (Millions) € (Millions) € (Millions) € (Millions) € (Millions)
Revenue: 25,506.00 24,258.00 22,880.00 22,567.00 22,858.00
Operating Profit / (Loss): 2,613.00 3,678.00 2,662.00 2,484.00 2,318.00
Net Interest: (561.00) (190.00) (180.00) (246.00) (252.00)
Profit Before Tax: 2,275.00 3,487.00 2,481.00 2,362.00 1,801.00
Profit after tax from continuing operations: 1,715.00 2,897.00 2,009.00 1,952.00 1,516.00
Discontinued Operations:   
Profit after tax from discontinuing operations: n/a n/a n/a n/a n/a
Profit for the period: 1,715.00 2,897.00 2,009.00 1,952.00 1,516.00
Attributable to:   
Equity holders of parent company: 1,715.00 2,885.00 1,989.00 1,931.00 1,495.00
Minority Interests / Other Equity: n/a 12.00 20.00 21.00 21.00
Total Dividend Paid: c 9.58 c n/a c n/a c n/a c n/a
Retained Profit / (Loss) for the Financial Year: c n/a c n/a c n/a c n/a c n/a
Earnings per Share:   
Basic: 57.09¢ 94.29¢ 62.91¢ 61.45¢ 48.57¢
Diluted: 55.70¢ 90.79¢ 60.79¢ 58.48¢ 46.52¢
Adjusted: 79.49¢ 80.68¢ 69.98¢ 62.71¢ 49.29¢
Dividend per Share: €0.00 €0.66 €0.27 €0.24 €0.20
Balance Sheet: 31/12/2019 31/12/2018 31/12/2017 31/12/2016 31/12/2015
  € (Millions) € (Millions) € (Millions) € (Millions) € (Millions)
Assets:   
Non-Current Assets:   
Property, Plant & Equipment: 19,168.00 12,437.00 11,846.00 12,227.00 13,730.00
Intangible Assets: 3,442.00 3,198.00 3,018.00 3,037.00 3,195.00
Investment Properties: n/a n/a n/a n/a n/a
Investments: 112.00 111.00 109.00 29.00 41.00
Other Financial Assets: 268.00 221.00 145.00 169.00 62.00
Other Non-Current Assets: 1,344.00 1,974.00 1,922.00 2,126.00 2,119.00
  24,334.00 17,941.00 17,040.00 17,588.00 19,147.00
Current Assets:   
Inventories: 565.00 509.00 432.00 458.00 520.00
Trade and Other Receivables: 2,441.00 1,980.00 1,721.00 1,633.00 1,275.00
Cash at Bank & In Hand: 4,062.00 3,837.00 3,292.00 3,337.00 2,909.00
Current Asset Investments: n/a n/a n/a n/a n/a
Other Current Assets: 4,259.00 3,767.00 4,747.00 4,357.00 4,385.00
  11,327.00 10,093.00 10,192.00 9,785.00 9,089.00
Other Assets: n/a n/a n/a n/a n/a
Total Assets: 35,661.00 28,034.00 27,232.00 27,373.00 28,236.00
Liabilities:   
Current Liabilities:   
Borrowings: 1,843.00 876.00 930.00 926.00 1,132.00
Other Current Liabilities: 10,905.00 10,174.00 9,201.00 8,410.00 10,234.00
  12,748.00 11,050.00 10,131.00 9,336.00 11,366.00
Net Current Assets: c n/a c n/a c n/a c n/a c n/a
Non-Current Liabilities:   
Borrowings: 12,411.00 6,633.00 6,401.00 7,589.00 7,498.00
Provisions: 2,988.00 2,721.00 2,639.00 2,163.00 2,475.00
Other Non-Current Liabilities: 685.00 910.00 1,128.00 2,621.00 1,363.00
  16,084.00 10,264.00 10,168.00 12,373.00 11,336.00
Other Liabilities: n/a n/a n/a n/a n/a
Total Liabilities: 28,832.00 21,314.00 20,299.00 21,709.00 22,702.00
Net Assets: 6,829.00 6,720.00 6,933.00 5,664.00 5,534.00
Capital & reserves:   
Share Capital: 996.00 996.00 1,029.00 1,066.00 1,020.00
Share Premium Account: 5,327.00 6,022.00 6,022.00 6,105.00 5,867.00
Other Reserves: 500.00 (304.00) (425.00) (1,719.00) (1,548.00)
Retained Earnings: n/a n/a n/a (96.00) (113.00)
Shareholders Funds: 6,823.00 6,714.00 6,626.00 5,356.00 5,226.00
Minority Interests / Other Equity: 6.00 6.00 307.00 308.00 308.00
Total Equity: 6,829.00 6,720.00 6,933.00 5,664.00 5,534.00

a. Includes discontinued activities
b. Including assets due in more than one year
c. Not disclosed under IFRS
d. Total fixed assets
e. Includes borrowings

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Financials provided by Digital Look Ltd.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.