AIB - conversion of convertible non-voting shares
(Thomson Reuters ONE) -
Allied Irish Banks, p.l.c. ("AIB") [NYSE:AIB] announces that following its
announcement of 1(st) April 2011 confirming completion of the disposal of AIB's
70.36% stake in Bank Zachodni WBK S.A. ("BZWBK") to Banco Santander S.A. and the
sale of its 50% stake in BZ WBK AIB Asset Management S.A, AIB has received a
conversion notice from the National Pensions Reserve Fund Commission ("NPRFC")
requiring AIB to convert into ordinary shares the 10,489,899,564 convertible
non-voting shares ("CNV shares") issued to the NPRFC in connection with the
December 2010 ?3.7 billion (net of expenses) investment by the NPRFC in AIB.
As announced on 23 December 2010, the CNV shares were issued to facilitate the
disposal of AIB's interests in BZWBK and the conversion of the CNV shares into
ordinary shares on a one-for-one basis will result in the NPRFC increasing its
shareholding of ordinary shares from 49.9% to 92.8% of the ordinary shares of
AIB, representing 11,366,120,185 ordinary shares. Following the conversion,
AIB will have a total number of 12,245,852,712 ordinary shares in issue.
AIB has today applied to the Irish Stock Exchange ("ISE") to list the new
ordinary shares on the Enterprise Securities Market ("ESM") of the ISE and to
admit those new ordinary shares to trading on the ESM. It is expected that such
admission will occur at 8.00 a.m. on 13(th) April 2011.
- ENDS -
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
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#1504934]
Unternehmensinformation / Kurzprofil:
Datum: 08.04.2011 - 18:54 Uhr
Sprache: Deutsch
News-ID 53342
Anzahl Zeichen: 2747
contact information:
Town:
Dublin 4
Kategorie:
Business News
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