Investor News
AIB - Issue of ordinary shares to the NPRFC
13th May 2014 10:23
Further to the announcement of 24 April 2014, Allied Irish Banks, p.l.c. ("AIB") has today issued and allotted 2,177,293,934 ordinary shares to the National Pensions Reserve Fund Commission (NPRFC) by way of bonus issue. This number of shares is equal to the annual dividend of EUR280m on the NPRFC's holding of EUR3.5 billion 2009 Non Cumulative Preference Shares, divided by the average price per share in the 30 trading days prior to 13 May 2014.
Application will be made in due course for the listing of these new shares. The total number of AIB ordinary shares in issue post this bonus issue is 523,438,445,437*. The Irish State, through the NPRFC, owns 99.8% of the ordinary shares of AIB.
The 2009 Preference Shares may be purchased or redeemed at the option of AIB, in whole or in part, from distributable profits and/or the proceeds of an issue of shares constituting core tier 1 capital, for the first five years after the date of issue for the subscription price of EUR1.00 per share and thereafter at a redemption or purchase price of 125 per cent of the subscription price, subject at all times to the consent of the Central Bank of Ireland. This subscription price step-up is effective from today, 13 May 2014.
*Excludes treasury shares
-ENDS-
For further information, please contact:
Enda Johnson
Head of Corporate Affairs & Strategy
AIB Bankcentre
Dublin
Tel: +353-1-7726010
Email: enda.m.johnson@aib.ie
Niamh Hennessy
Media Relations Manager
AIB Bankcentre
Dublin
Tel: +353-1-77 21382
Email: niamh.n.hennessy@aib.ie
AIB - Issue of ordinary shares to the NPRFC
13th May 2014 10:23
Further to the announcement of 24 April 2014, Allied Irish Banks, p.l.c. ("AIB") has today issued and allotted 2,177,293,934 ordinary shares to the National Pensions Reserve Fund Commission (NPRFC) by way of bonus issue. This number of shares is equal to the annual dividend of EUR280m on the NPRFC's holding of EUR3.5 billion 2009 Non Cumulative Preference Shares, divided by the average price per share in the 30 trading days prior to 13 May 2014.
Application will be made in due course for the listing of these new shares. The total number of AIB ordinary shares in issue post this bonus issue is 523,438,445,437*. The Irish State, through the NPRFC, owns 99.8% of the ordinary shares of AIB.
The 2009 Preference Shares may be purchased or redeemed at the option of AIB, in whole or in part, from distributable profits and/or the proceeds of an issue of shares constituting core tier 1 capital, for the first five years after the date of issue for the subscription price of EUR1.00 per share and thereafter at a redemption or purchase price of 125 per cent of the subscription price, subject at all times to the consent of the Central Bank of Ireland. This subscription price step-up is effective from today, 13 May 2014.
*Excludes treasury shares
-ENDS-
For further information, please contact:
Enda Johnson
Head of Corporate Affairs & Strategy
AIB Bankcentre
Dublin
Tel: +353-1-7726010
Email: enda.m.johnson@aib.ie
Niamh Hennessy
Media Relations Manager
AIB Bankcentre
Dublin
Tel: +353-1-77 21382
Email: niamh.n.hennessy@aib.ie
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