Allied Irish Banks, p.l.c. Ratio Change for ADS Holders
(Thomson Reuters ONE) -
To maintain an appropriate price range for the Allied Irish Banks, p.l.c,
("AIB") (NYSE:AIB) American Depositary Shares ("ADSs") representing Ordinary
Shares trading on the New York Stock Exchange ("NYSE"), AIB intends to change
the current ratio of one (1) ADS representing two (2) Ordinary Shares to one (1)
ADS representing ten (10) Ordinary Shares.
This follows upon notification by the NYSE to AIB that the average closing price
of an ADS was less than $1.00 over a consecutive 30 day trading period and was
thus considered "below criteria" by the NYSE under its continued listing
standards.
The change in ratio referred to above is intended to be taken by AIB in order to
remedy the situation and restore AIB's compliance with the NYSE's continued
listing standards.
- ENDS -
For further information, please contact:
Mr. David O'Callaghan,
Company Secretary
Allied Irish Banks
Bankcentre
Ballsbridge
Dublin 4.
Ireland
(+353 1 660 0311)
Forward-Looking Statements
This announcement may contain "forward-looking statements", within the meaning
of Section 27A of the US Securities Act of 1933 and Section 21E of the US
Securities Exchange Act of 1934. These forward-looking statements can be
identified by the fact that they do not relate only to historical or current
facts. All statements other than statements of historical fact are, or may be
deemed to be, forward-looking statements and speak only as of the date of this
announcement. AIB expressly disclaims any obligation or undertaking to publicly
release any announcements or revisions to any forward-looking statement
contained in this announcement with regard to any change in events, conditions
or circumstances on which any such statement is based.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Allied Irish Banks, p.l.c. via Thomson Reuters ONE
[HUG#1486308]
Unternehmensinformation / Kurzprofil:
Datum: 07.02.2011 - 19:55 Uhr
Sprache: Deutsch
News-ID 51162
Anzahl Zeichen: 2691
contact information:
Town:
Dublin 4
Kategorie:
Business News
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