ALLIED IRISH BANKS, P.L.C. - ISSUE OF ORDINARY SHARES TO NPRFC
(Thomson Reuters ONE) -
For Immediate Release 13th May 2011
ALLIED IRISH BANKS, P.L.C.
ISSUE OF ORDINARY SHARES TO NPRFC
As a result of the operation of a "Dividend Stopper" in one of its Capital
Instruments, Allied Irish Banks, p.l.c. ("AIB") [NYSE:AIB] is precluded from
paying dividends on certain of its securities. As a result, the annual cash
dividend on the National Pensions Reserve Fund Commission's (NPRFC) ?3.5bn
preference shares, amounting to ?280m, due today 13(th) May, will not be paid.
In these circumstances, under its articles of association, AIB becomes obliged
to issue and allot ordinary shares to the NPRFC equal in value to the amount of
the dividend that would otherwise have been payable.
As a consequence, AIB will be issuing and allotting 1,209,155,030* ordinary
shares to the NPRFC by way of bonus issue. This number of shares is equal to the
aggregate cash amount of the annual dividend of ?280m on the NPRFC's holding of
preference shares, divided by the average price per share in the 30 trading days
prior to today's date (?0.23156 per share). 484,902,878 shares have been issued
and allotted today. The remainder will be issued and allotted following the
annual general meeting at which a resolution will be proposed increasing AIB's
authorised share capital. Application will be made in due course for the listing
of all of these new shares.
Once this issue of shares is complete, the total number of AIB ordinary shares
in issue will be 13,455,007,742. The NPRFC would then hold c. 93.5%, (currently
c. 92.8%), of the enlarged issued share capital of the Bank.
* before application of late issuance adjustment that may apply
-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
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(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#1515945]
Unternehmensinformation / Kurzprofil:
Datum: 13.05.2011 - 18:16 Uhr
Sprache: Deutsch
News-ID 54667
Anzahl Zeichen: 3115
contact information:
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