Notice of AGM and Update Regarding 2019 Dividend
30 March 2020
AIB GROUP PLC
NOTICE OF ANNUAL GENERAL MEETING 2020 AND UPDATE WITH RESPECT TO 2019 DIVIDEND
The Annual General Meeting ("AGM") of the Company will be held on 29 April 2020 at 11.00 am. Due to the current COVID-19 crisis, AIB has put in place new arrangements to protect the wellbeing of its people and its shareholders. The proceedings will therefore be conducted via a live conference call from the bank's headquarters, No 10 Molesworth Street, Dublin 2. Full details are outlined below.
Given the recommendation of the European Central Bank issued on 27 March 2020, the Company announces that it is no longer its intention to seek shareholder approval for the payment of the final dividend for 2019 declared on 6 March 2020 and the relevant AGM resolution is being withdrawn. AIB continues to have capital ratios materially in excess of minimum regulatory requirement; CET 1 at the end of December 2019 was 16.4% which included a 40bps reduction for the dividend accrual.
Chief Executive Colin Hunt said, "AIB is strongly capitalised and well positioned to support the Irish economy and our customers at this critical time. As the health and safety of everyone is our top priority, we hope that shareholders will understand the constrained circumstances under which our AGM must take place this year. However, we look forward to conducting the business of the AGM as thoroughly as possible within the current unavoidable limitations. AIB, meanwhile, is fully focused on supporting our customers and the wider economy through this unprecedented crisis. I encourage any of our customers who have any queries or concerns to please get in contact with us."
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Further information related to AIB Group plc AGM 2020
Documents
The following documents have been posted or made available to shareholders today:
· Letter from the Deputy Chairman and Notice of Annual General Meeting
· Form of Proxy
· 2019 Annual Financial Report
In accordance with Listing Rule 6.6.1 of Euronext Dublin and Listing Rule 9.6.1 of the Financial Conduct Authority, copies of the above documents have been submitted to Euronext Dublin and the UK National Storage Mechanism and will be shortly available for inspection at
Alternatively, you can view all of the documents detailed above at:
https://aib.ie/investorrelations
Proxy voting
We strongly advise our shareholders to submit their proxy forms remotely to ensure their vote counts at the AGM and to prevent the need to physically attend in person and adhere to the social distancing recommendations.
Questions
While we will have the facility to take some live questions on the day, we also invite you to submit, in advance, any questions you would like to have asked at the AGM directly by email to secretariat@aib.ie
Conference call details
Please find below the conference call details:
· Republic of Ireland: +353 (0)1 431 9615
· UK / International: +44 (0) 2071 928 000
· Conference ID: 9391847
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Contact details:
|
Conor Gouldson |
Niamh Hore |
Paddy McDonnell |
|
Head of Corporate Governance |
Head of Investor Relations |
Head of Media Relations |
|
AIB Molesworth Street |
AIB Molesworth Street |
AIB Molesworth Street |
|
Dublin 2 |
Dublin 2 |
Dublin 2 |
|
Tel: +353-1-772 0030 |
Tel: +353-1-6411817 |
Tel: +353-87 7390743 |
|
email: |
email: |
email: |
-ENDS-
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