AIB - Capital Update
(Thomson Reuters ONE) -
For Immediate Release 23(rd) June 2011
AIB - Capital Update
Allied Irish Banks, p.l.c. ("AIB")[NYSE:AIB] announces that discussions are
continuing with the Government in respect of the terms and structure of a
capital raising in order to satisfy AIB's revised regulatory capital
requirements following on from previously indicated capital support for AIB as
one of the two Pillar Banks. While discussions remain ongoing it is evident to
AIB that any subscription for shares by the State would likely be at a very low
price, being a very significant discount relative to the current share price.
If this is the case, it is likely that the State's shareholding in AIB would
increase substantially beyond its current c. 93% ordinary shareholding,
resulting in potentially significant additional dilution for existing ordinary
shareholders other than the State. It is expected that discussions with the
Government will finalise within the next week, at which point AIB expects to be
in a position to announce the final terms and structure of any capital raising
transaction with the State. AIB expects to remain as a listed company which
will allow shareholders continue to trade their shares.
- ENDS -
For further information, please contact:
Alan Kelly Catherine Burke
Director of Corporate Affairs & Head of Corporate Relations and
Marketing 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#1525743]
Unternehmensinformation / Kurzprofil:
Datum: 23.06.2011 - 19:35 Uhr
Sprache: Deutsch
News-ID 55830
Anzahl Zeichen: 2629
contact information:
Town:
Dublin 4
Kategorie:
Business News
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