Last checked at 13 Dec 2017 11:02
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.
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For further information, please contact:
Mark Bourke Chief Financial Officer AIB Bankcentre Dublin Tel: +353-1-6412195 email: mark.g.bourke@aib.ie | Niamh Hore Investor Relations AIB Bankcentre Dublin Tel: 6411817 email: niamh.a.hore@aib.ie
| Orla Bird Head of Communications AIB Bankcentre Dublin Tel: +353-1-6415375 email: orla.c.bird@aib.ie
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