13 December 2017
AIB GROUP PLC ("AIB" or "the Company")
High Court approval of the AIB reduction of capital
AIB is pleased to confirm that it has today received the approval of the High Court of Ireland for a reduction of the Company's share capital by reducing the nominal value of its ordinary shares from €2.47 to €0.625. The reserve resulting from the reduction in nominal value will be available for distribution in accordance with section 117 of the Companies Act 2014.
The AIB reduction of capital will not, of itself, result in the return of any capital to AIB ordinary shareholders and should not have any impact on the market value of the AIB ordinary shares.
The capital reduction will become effective when the High Court order and minute are registered with the Companies Registration Office.
- Ends -
For further information, please contact:
Mark Bourke | Niamh Hore | Orla Bird |
Chief Financial Officer | Investor Relations | Head of Communications |
AIB Bankcentre | AIB Bankcentre | AIB Bankcentre |
Dublin | Dublin | Dublin |
Tel: +353-1-6412195 | Tel: 6411817 | Tel: +353-1-6415375 |
email: | email: | email: |
mark.g.bourke@aib.ie | niamh.a.hore@aib.ie | orla.c.bird@aib.ie |
AIB Group - Allied Irish Banks plc published this content on 13 December 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 13 December 2017 11:23:04 UTC.
Original documenthttps://aib.ie/content/dam/aib/investorrelations/docs/se-announcements/2017/aib-holdco-capital-reduction-announcement.pdf
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