AIB - Capital Contributions
(Thomson Reuters ONE) -
For Immediate Release 28th July 2011
AIB - Capital Contributions
Allied Irish Banks, p.l.c. ("AIB") [NYSE:AIB] announces that, further to its
announcement on 27 July 2011, the Minister for Finance (the "Minister") and the
National Pensions Reserve Fund Commission (the "NPRFC") have today made capital
contributions in the aggregate amount of c. ?6.054 billion to AIB for no
consideration (the "Capital Contributions"). Accordingly, no new Ordinary
Shares have been issued by AIB to the Minister and the NPRFC in return for the
Capital Contributions. AIB is required to raise a total of c.?14.8 billion of
Core Tier 1 Capital, of which ?1.6 billion may be in the form of contingent
capital, by 31 July 2011 (the "PCAR Requirement"). The Capital Contributions
were made in order to satisfy the portion of the PCAR Requirement not satisfied
by AIB's placing of ?5 billion of new Ordinary Shares with the NPRFC and the
issue of ?1.6 billion of contingent capital notes at par to the Minister, which
completed on 27 July 2011 (the "Capital Raising"), other capital generating
exercises undertaken by AIB and EBS Limited (formerly EBS Building Society) and
further burden-sharing measures undertaken with the Group's subordinated debt
holders.
As a result of the proceeds of the Capital Raising and the Capital
Contributions, AIB has now received the necessary capital to meet the PCAR
Requirement. This has been confirmed by the Central Bank of Ireland.
AIB's Board of Directors acknowledges the continued support of the Minister and
the Irish State.
- ENDS -
For further information, please contact:
Alan Kelly
Director of Corporate Affairs & Marketing
AIB Group
Bankcentre
Dublin 4
Tel: +353 1 6412162
Ronan Sheridan
Group Press Officer
AIB Group
Bankcentre
Dublin 4.
Tel: + 353 1 6414651
IMPORTANT INFORMATION
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 for the contents of this
announcement, or makes any representation or warranty as to the accuracy,
completeness or fairness of any information contained in this announcement. Each
Relevant Person expressly disclaims any liability whatsoever for any loss
howsoever arising from, or in reliance upon, the whole or any part of this
announcement or any document referred to in this announcement or any supplement
or amendment thereto (each a "Transaction Document"). No Relevant Person has
authorised or will authorise the contents of any Transaction Document, or has
recommended or endorsed any course of action contemplated by any Transaction
Document.
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#1534439]
Unternehmensinformation / Kurzprofil:
Datum: 28.07.2011 - 15:51 Uhr
Sprache: Deutsch
News-ID 56806
Anzahl Zeichen: 4083
contact information:
Town:
Dublin 4
Kategorie:
Business News
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"AIB - Capital Contributions"
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