AIB announces its intention to delist from the NYSE
(Thomson Reuters ONE) -
For Immediate Release 4th August 2011
Allied Irish Banks, p.l.c. announces its intention to delist from the NYSE
Allied Irish Banks, p.l.c. ("AIB") [NYSE:AIB] announces that its Board of
Directors has resolved to delist its American Depositary Shares (ADSs), each
representing ten ordinary shares, par value ?0.01 per share, from the New York
Stock Exchange (NYSE), terminate the deposit agreement with The Bank of New York
Mellon as depositary (the Depositary) governing the ADSs (the Deposit Agreement)
and, in due course, terminate the registration of AIB's securities with the US
Securities and Exchange Commission (the SEC) under the US Securities Exchange
Act of 1934 (the Exchange Act), in each case after the completion of the
required legal steps.
The Board of Directors made the decision in light of the increase in the Irish
Government's shareholding (through the National Pension Reserve Fund Commission)
to 99.8% on 27 July 2011, and the savings in costs and administrative efforts
that would result from the delisting and any subsequent deregistration under the
Exchange Act.
AIB plans to file the related Form 25 with the SEC on or about 15 August 2011.
AIB expects the delisting to become effective at the close of business on or
about 25 August 2011, from which time AIB's ADSs will no longer be traded on the
NYSE. Concurrently with or following delisting, AIB intends to terminate the ADS
facility by terminating the ADS deposit agreement between AIB and the
Depositary. The Depositary will contact ADS holders in due course with further
information, including with regard to any further action to be taken.
In due course, AIB also intends to deregister its securities and terminate its
obligations under the Exchange Act by filing a Form 15F. AIB's aim is to meet
the applicable criteria for deregistration of its securities.
AIB reserves the right, for any reason, to delay these filings or to withdraw
them prior to their effectiveness.
AIB has not arranged for listing and/or registration on another US national
securities exchange or for quotation of its securities in a US quotation medium,
but expects that, after delisting the ADSs, its ordinary shares will continue to
trade on the Enterprise Securities Market of the Irish Stock Exchange.
Information required to be made available pursuant to Rule 12g3-2(b) under the
Exchange Act will be made available on AIB's website at www.aibgroup.com.
- ENDS -
For further information, please contact:
Alan Kelly Ronan Sheridan
Director of Corporate Affairs & Marketing Press Officer
AIB Group AIB Group
Dublin Dublin
Tel: +353-1-6412162 Tel: +353-1-6414651
email: alan.j.kelly(at)aib.ie email: ronan.j.sheridan(at)aib.ie
Forward-Looking Statements
This announcement may contain "forward-looking statements", which can be
identified by the fact that they do not relate only to historical or current
facts. All statements other than statements of historical fact are, or may be
deemed to be, forward-looking statements and speak only as of the date of this
announcement. AIB expressly disclaims any obligation or undertaking to publicly
release any announcements or revisions to any forward-looking statement
contained in this announcement with regard to any change in events, conditions
or circumstances on which any such statement is based.
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#1536403]
Unternehmensinformation / Kurzprofil:
Datum: 04.08.2011 - 18:01 Uhr
Sprache: Deutsch
News-ID 57001
Anzahl Zeichen: 4667
contact information:
Town:
Dublin 4
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 162 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"AIB announces its intention to delist from the NYSE"
steht unter der journalistisch-redaktionellen Verantwortung von
Allied Irish Banks, p.l.c. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
