AIB Group plc €1.0bn Share Buyback Programme
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4 March 2026 |
AIB Group plc - €1.0 billion Share Buyback Programme
AIB Group plc ("AIB" or the "Company") announces the commencement of a share buyback programme whereby it will repurchase ordinary shares of AIB (the "Shares") for up to a maximum aggregate amount of €1.0 billion.
The share buyback programme will consist of an on-market buyback of Shares (the "Share Buyback Programme") and will commence today, 4 March 2026, and may continue until 31 December 2026 subject to market conditions, the ongoing capital requirements of the business and termination provisions customary for arrangements of this nature. All Shares repurchased under the Share Buyback Programme will be cancelled.
AIB has entered into non-discretionary agreements with Goodbody Stockbrokers UC, acting as agent, and Morgan Stanley & Co. International Plc, acting as riskless principal, to conduct the Share Buyback Programme and to repurchase Shares on AIB's behalf and to make trading decisions under the Share Buyback Programme independently of AIB in accordance with certain pre-set parameters. These Shares will be repurchased on Euronext Dublin.
The Share Buyback Programme will be conducted initially in accordance with the Company's on-market buyback authority as approved by shareholders at the Company's AGM on 1 May 2025, and the continuation of the share buyback programme will be contingent on the approval of AIB shareholders of renewed repurchase authority at the Company's 2026 AGM. The Share Buyback Programme will be conducted in accordance with the parameters prescribed by the Market Abuse Regulation 596/2014/EU, the Commission Delegated Regulation (EU) 2016/1052 and the Commission Delegated Regulation (EU) 2016/1052 (also as in force in the United Kingdom ("UK"), from time to time, including, where relevant, pursuant to the UK's Market Abuse (Amendment) (EU Exit) Regulations 2019) as well as the applicable laws and regulations of Euronext Dublin. The maximum number of Shares that could be repurchased under the Share Buyback Programme is 232,843,857. The purpose of the Share Buyback Programme is to reduce the share capital of AIB.
The Share Buyback Programme may be supplemented by the purchase of ordinary shares by way of block trades in accordance with the Company's general authority to repurchase shares. The maximum consideration payable by the Company under the Share Buyback Programme will be reduced by the corresponding amount of capital returned through block trades.
Details of any Shares repurchased will be notified to a Regulatory Information Service by the Company following any repurchase.
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For further information, please contact:
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Group Investor Relations & External Communications Tel: + 353 86 313 5647
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Investor Relations Tel: + 353 87 3956864
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External Communications Tel: +353 86 8502204
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Forward Looking Statements
This document contains certain forward looking statements with respect to the financial condition, results of operations and business of AIB Group and certain of the plans and objectives of the Group. These forward looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward looking statements sometimes use words such as 'aim', 'anticipate', 'target', 'expect', 'estimate', 'intend', 'plan', 'goal', 'believe', 'may', 'could', 'will', 'seek', 'continue', 'should', 'assume', or other words of similar meaning. Examples of forward looking statements include, among others, statements regarding the Group's future financial position, capital structure, income growth, loan losses, business strategy, projected costs, capital ratios, estimates of capital expenditures, and plans and objectives for future operations. Because such statements are inherently subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward looking information. By their nature, forward looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward looking statements. These are set out in the Principal risks on pages 17 to 18 in the 2025 Annual Financial Report. In addition to matters relating to the Group's business, future performance will be impacted by the Group's ability along with governments and other stakeholders to measure, manage and mitigate the impacts of climate change effectively. Future performance could also be impacted by macroeconomic uncertainty, tariffs, geopolitical tensions and global conflict. Any forward looking statements made by or on behalf of the Group speak only as of the date they are made. The Group cautions that the list of important factors on pages 17 to 18 of the 2025 Annual Financial Report is not exhaustive. Investors and others should carefully consider the foregoing factors and other uncertainties and events when making an investment decision based on any forward looking statement.
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