AIB - Proposed Disposal of the M&T Shareholding - Completion of Public Offering of Contingent Mandatorily Exchangeable Notes
(Thomson Reuters ONE) -
DUBLIN, Ireland (13 October 2010) - Allied Irish Banks, p.l.c. ("AIB")
[NYSE:AIB] has completed a public offering in the United States of contingent
mandatorily exchangeable notes ("Notes") exchangeable (subject to AIB
shareholder approval and certain other conditions) for the shares of common
stock of M&T Bank Corporation ("M&T") ("M&T Shares") currently owned by AIB. AIB
sold 26,700,000 Notes at US$77.50 per Note.
Morgan Stanley & Co. Incorporated and Citigroup Global Markets Inc. acted as
underwriters and joint bookrunning managers for the Notes offering.
For further information, please contact:
Alan Kelly Catherine Burke
General Manager, Corporate Services Head of Corporate Relations and
Communications
AIB Group AIB Group
Dublin Dublin
Tel: +353-1-6412162 Tel: +353-1-6413894
email: alan.j.kelly(at)aib.ie email: catherine.e.burke(at)aib.ie
The contents of this announcement should not be construed as legal, business,
financial, tax, investment or other professional advice.
Morgan Stanley & Co. Limited and AIB Corporate Finance Limited ("AIB Corporate
Finance") are acting as joint financial advisers to AIB in relation to AIB's
disposal of its M&T shares. In addition, Morgan Stanley & Co. Limited and
Morgan Stanley & Co. International plc are acting as sponsor and corporate
broker, respectively, in connection with the disposal.
Morgan Stanley & Co. Limited and Morgan Stanley & Co. International plc
(together, "Morgan Stanley") are acting in the aforementioned capacities for AIB
and no one else in connection with the disposal and will not regard any other
person (whether or not a recipient of this announcement) as Morgan Stanley's
client in relation to the disposal and will not be responsible to anyone other
than AIB for providing the protections afforded to clients of Morgan Stanley or
for providing advice in relation to the disposal or any other matter referred to
in this announcement.
Citigroup Global Markets Inc. is acting exclusively for AIB and no one else in
connection with the disposal and will not regard any other person (whether or
not a recipient of this announcement) as its client in relation to the disposal
and will not be responsible to anyone other than AIB for providing the
protections afforded to clients of Citigroup Global Markets Inc. or for
providing advice in relation to the disposal or any other matter referred to in
this announcement.
AIB Corporate Finance is acting exclusively for AIB and no one else in
connection with the disposal and will not regard any other person (whether or
not a recipient of this announcement) as its client in relation to the disposal
and will not be responsible to anyone other than AIB for providing the
protections afforded to clients of AIB Corporate Finance or for providing advice
in relation to the disposal or any other matter referred to in this
announcement.
Apart from the responsibilities and liabilities, if any, which may be imposed on
Morgan Stanley or AIB Corporate Finance by the Listing Rules, neither Morgan
Stanley nor AIB Corporate Finance accepts any responsibility whatsoever and
makes no representation or warranty, express or implied, for the contents of
this announcement, including its accuracy, completeness or verification or for
any other statement made or purported to be made by AIB, or on AIB's behalf, or
by Morgan Stanley or AIB Corporate Finance, or on Morgan Stanley's or AIB
Corporate Finance's behalf, in connection with AIB, the Shareholding, M&T or the
disposal, and nothing in this announcement is or shall be relied upon as a
promise or representation in this respect, whether as to the past or future.
Each of Morgan Stanley and AIB Corporate Finance accordingly disclaims to the
fullest extent permitted by law and under the Listing Rules all and any
responsibility and liability, whether arising in tort, contract or otherwise,
which it might otherwise have in respect of this document and any such
statement.
None of the Minister for Finance, the Department of Finance, the Irish
Government, the National Treasury Management Agency, the National Pensions
Reserve Fund Commission or any person controlled by or controlling any such
person, or any entity or agency of or related to the Irish State, or any
director, officer, official, employee or adviser of any such person (each such
person, a "Relevant Person") accepts any responsibility whatsoever or makes any
representation or warranty, express or implied, for the contents of this
announcement, including its accuracy, completeness or verification or for any
other statement made or purported to be made by AIB, or on AIB's behalf, or by
Morgan Stanley or AIB Corporate Finance, or on Morgan Stanley's or AIB Corporate
Finance's behalf, or by any Relevant Person or on any Relevant Person's behalf
in connection with AIB, the Shareholding, M&T or the disposal, and nothing in
this announcement is or shall be relied upon as a promise or representation in
this respect, whether as to the past or future. Each Relevant Person accordingly
disclaims to the fullest extent permitted by law and under the Listing Rules all
and any responsibility and liability, whether arising in tort, contract or
otherwise, which it might otherwise have in respect of this document and any
such statement.
This announcement contains "forward-looking statements", within the meaning of
Section 27A of the U.S. Securities Act of 1933 (as amended) and Section 21E of
the U.S. Securities Exchange Act of 1934 (as amended) regarding the belief or
current expectations of AIB, AIB's Directors and other members of its senior
management about AIB's business, and the transaction described in this
announcement. Generally, words such as "may", "could", "will", "expect",
"intend", "estimate", "anticipate", "believe", "plan", "seek", "continue" or
similar expressions identify forward-looking statements. All statements other
than statements of historical fact are, or may be deemed to be, forward-looking
statements. These forward-looking statements are not guarantees of future
performance. Rather, they are based on current views and assumptions and involve
known and unknown risks, uncertainties and other factors, many of which are
outside the control of AIB and are difficult to predict, that may cause actual
results to differ materially from any future results or developments expressed
or implied from the forward-looking statements.
The forward-looking statements speak only as of the date of this announcement.
Except as required by the Financial Regulator, the Irish Stock Exchange, the
FSA, the London Stock Exchange plc or applicable law, AIB does not have any
obligation to update or revise publicly any forward-looking statement, whether
as a result of new information, further events or otherwise. AIB expressly
disclaims any obligation or undertaking to publicly release any updates or
revisions to any forward-looking statement contained in this announcement or
incorporated by reference to reflect any change in AIB's expectations with
regard thereto or any change in events, conditions or circumstances on which any
such statement is based.
[HUG#1451752]
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
Unternehmensinformation / Kurzprofil:
Datum: 13.10.2010 - 18:48 Uhr
Sprache: Deutsch
News-ID 45508
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