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MADRID - International Consolidated Airlines Group (LON:ICAG), S.A. (IAG), has announced it will hold its Annual Shareholders’ Meeting in Madrid on June 19, 2025, with provisions for remote attendance. The meeting will address several key agenda items, including the approval of the 2024 financial statements, management reports, and the re-election of KPMG Auditores, S.L. as the company’s auditor for the upcoming financial year.
Shareholders will also vote on the allocation of the 2024 financial results and the final dividend approval. Additionally, the meeting will include votes on the re-election and appointment of directors, as well as the directors’ remuneration policy and a consultative vote on the 2024 annual report on directors’ remuneration.
A significant proposal on the agenda is the approval of a share capital reduction by canceling up to 426,206,309 shares, representing 8.57% of the share capital. This move is subject to shareholder approval, with the board seeking delegation of powers for its implementation.
Furthermore, the board will seek authorizations related to the company’s financial flexibility and growth strategies. These include the derivative acquisition of the company’s own shares, the issuance of new shares, and convertible or exchangeable securities, along with the potential exclusion of preemptive rights in certain capital increases and issuances.
In the realm of operational investments, the agenda includes the approval of the proposed purchase of 21 Airbus A330-900neo family aircraft and 32 Boeing (NYSE:BA) 787-10 family aircraft, signaling a significant expansion and modernization of IAG’s fleet.
The meeting will conclude with the delegation of powers to formalize and execute all resolutions adopted by the shareholders.
All related documents, including the full call notice, proposed resolutions, and additional meeting materials, will be available to shareholders at the company’s registered office, the Shareholder Office, and on IAG’s corporate website following the publication of the call notice.
The information for this article is based on a press release statement.
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