AIB completes disposal of the M&T shareholding
(Thomson Reuters ONE) -
DUBLIN, Ireland (4 November 2010) - Allied Irish Banks, p.l.c. ("AIB")
[NYSE:AIB] has completed the disposal of 26,700,000 shares of common stock of
M&T Bank Corporation ("M&T") currently held by it ("M&T Shares"). Following
receipt of shareholder approval at AIB's Extraordinary General Meeting on 1
November 2010, the 26,700,000 contingent mandatorily exchangeable notes
("Notes") which AIB sold at US$77.50 per Note have been mandatorily exchanged
for the M&T Shares and the net proceeds of the Notes offering have been released
to AIB.
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") acted 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 acted as sponsor and corporate broker, respectively, in
connection with the disposal.
Morgan Stanley & Co. Limited and Morgan Stanley & Co. International plc
(together, "Morgan Stanley") acted 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. acted 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 acted 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 M&T 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 M&T 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.
[HUG#1459175]
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: 04.11.2010 - 17:24 Uhr
Sprache: Deutsch
News-ID 48446
Anzahl Zeichen: 6970
contact information:
Town:
Dublin 4
Kategorie:
Business News
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"AIB completes disposal of the M&T shareholding"
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