19 May 2010 15:31
The Governor and Company of the Bank of Ireland
Resolutions Passed at the Extraordinary General Court
All of the resolutions proposed at the Extraordinary General Court of the Bank held on 19 May 2010 were duly passed.
The Results of the voting on each resolution are as follows:
Resolution 1
To approve the Renominalisation of Ordinary Stock
| RESOLUTION | VOTES FOR | % | VOTES AGAINST | % | VOTES WITHHELD | VOTES TOTAL |
| 1 | 503,634,456 | 99.78 | 1,087,975 | 0.22 | 1,494,317 | 504,722,431 |
Resolution 2
To increase the Bank's authorised capital stock
| RESOLUTION | VOTES FOR | % | VOTES AGAINST | % | VOTES WITHHELD | VOTES TOTAL |
| 2 | 499,933,942 | 99.04 | 4,820,591 | 0.96 | 1,427,859 | 504,754,533 |
Resolution 3
To adopt the new Bye-Laws
| RESOLUTION | VOTES FOR | % | VOTES AGAINST | % | VOTES WITHHELD | VOTES TOTAL |
| 3 | 503,727,661 | 99.82 | 919,588 | 0.18 | 1,569,474 | 504,647,249 |
Resolution 4
To issue Ordinary Stock and dissapply pre-emption rights to effect the Proposals, excluding the Government Transaction
| RESOLUTION | VOTES FOR | % | VOTES AGAINST | % | VOTES WITHHELD | VOTES TOTAL |
| 4 | 499,660,164 | 99.01 | 5,005,616 | 0.99 | 1,547,835 | 504,665,780 |
Resolution 5
To issue the Allotment Instrument in respect of Allotment Instruments Stock necessary to effect the Debt for Equity Offers
| RESOLUTION | VOTES FOR | % | VOTES AGAINST | % | VOTES WITHHELD | VOTES TOTAL |
| 5 | 499,820,847 | 99.06 | 4,743,073 | 0.94 | 1,646,718 | 504,563,920 |
Resolution 6
To issue Ordinary Stock pursuant to the Proposals at a discount of more than 10% to the middle market price
| RESOLUTION | VOTES FOR | % | VOTES AGAINST | % | VOTES WITHHELD | VOTES TOTAL |
| 6 | 499,681,946 | 99 | 5,035,963 | 1 | 1,498,554 | 504,717,909 |
Resolution 7
To approve the Government Transaction as a related party transaction pursuant to the Listing Rules, issue Ordinary Stock at the discount of more than 10% to the middle market price and disapply pre-emption rights in respect of the Government Transaction and to approve the Warrant Cancellation
| RESOLUTION | VOTES FOR | % | VOTES AGAINST | % | VOTES WITHHELD | VOTES TOTAL |
| 7 | 311,846,473 | 98.55 | 4,592,740 | 1.45 | 1,513,561 | 316,439,213 |
Resolution 8
To reduce stock premium
| RESOLUTION | VOTES FOR | % | VOTES AGAINST | % | VOTES WITHHELD | VOTES TOTAL |
| 8 | 503,868,031 | 99.69 | 1,572,720 | 0.31 | 667,909 | 505,440,751 |
The full text of each resolution was set out in the Governor's Letter to holders of Ordinary Stock and Notice of the Extraordinary General Court which was posted to stockholders on 26 April 2010.
Application has been made to the Irish Stock Exchange and the UK Listing Authority for (i) 326,797,386 units of Placing Stock pursuant to the Institutional Placing, (ii) 575,555,556 units of Placing Stock pursuant to the Institutional Placing, and (iii) 1,996,521,562 units of Rights Issue Stock, Nil Paid and Fully Paid to be admitted to the Official Lists and an application has been made to the Irish Stock Exchange and the London Stock Exchange for such units of Ordinary Stock to be admitted to trading on their respective regulated markets for listed securities. It is expected that such admission will become effective and that dealings will commence in the Ordinary Stock at 8.00a.m. on 20 May 2010.
Copies of these resolutions have been forwarded to the Irish Stock Exchange and the UK Listing Authority at the following locations, where they can be obtained:
The Irish Stock Exchange, 28 Anglesea Street, Dublin 2 and Document Viewing Facility, The Financial Services Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS
19 May 2010
For further Information contact:
Helen Nolan, Group Secretary
Tel: + 353 76 6237410