Court approval of the AIB reduction of capital

RNS Number : 2335Z

AIB Group PLC

13 December 2017

 

                                                                                                                           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 Chief Financial Officer AIB Bankcentre Dublin Tel: [phone] email: [e-mail]

Niamh Hore Investor Relations AIB Bankcentre Dublin Tel: [phone] email: [e-mail]

Orla Bird Head of Communications AIB Bankcentre Dublin Tel: [phone] email: [e-mail]

 

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