RNS Number : 4070H
AIB Group PLC
08 October 2024
 

 

 

 

8 October 2024

 

AIB Group plc

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

Results of Odd-lot Offer

AIB Group plc ("AIB" or the "Company") announces that following the closure of the Odd-lot Offer on Monday, 7 October 2024, the Company has purchased a total of 253,765 of its own ordinary shares ("Ordinary Shares") at €5.65 each.

Following approval of shareholders at the 2024 Annual General Meeting, the Odd-lot Offer was launched on 9 September 2024 to facilitate the disposal by Eligible Odd-lot Holders of their Ordinary Shares at a 5% premium, without the dealing costs that would typically render such a disposal uneconomic, whilst giving Eligible Odd-lot Holders the ability to opt-out of such a disposal.  As set out in the announcement made on 9 September 2024, the purchase price of €5.65 per Ordinary Share represented a 5 per cent. premium to the volume weighted average price of AIB Ordinary Shares traded on the Euronext Dublin over the five trading days up to and including 6 September 2024.

Following the implementation of the Odd-lot Offer, the number of certificated shareholders has reduced by 60,055.

Eligible Odd-lot Holders will receive their payment by cheque.  Shareholders with a registered address in Ireland will be paid by cheque in euro and shareholders with a registered address in the United Kingdom will be paid by cheque in sterling (GBP).

It is expected that cheques will be despatched on 22 October 2024, at the risk of the relevant Odd-lot Holder.

 

Update on Total Voting Rights

The 253,765 Ordinary Shares purchased by the Company represent approximately 0.0109 per cent. of the existing issued share capital of the Company and will be cancelled.

Following this cancellation, the total number of Ordinary Shares in issue as at 8 October 2024 is 2,328,438,575.  Each Ordinary Share carries one vote.  The Company does not hold any Shares in treasury.  Therefore, the total number of shares with voting rights is 2,328,438,575.

 

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, AIB Group plc under the Transparency (Directive 2004/109/EC) Regulations 2007 (as amended) and the Central Bank (Investment Market Conduct) Rules 2019.

Capitalised terms in this announcement, unless otherwise defined have the same meaning given to them in the circular sent to shareholders of the Company on 3 April 2024 (the "Circular").

 

For further information, please contact:

Company Secretary

Investor Relations

Conor Gouldson

AIB Group plc

10 Molesworth Street,

Dublin 2

Niamh Hore

AIB Group plc

10 Molesworth Street,

Dublin 2

+353 1 772 0030

+353 87 739 0743

secretariat@aib.ie

investor.relations@aib.ie

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
POSMPBITMTMMBTI