Allied Irish Banks (Adr) (AIBRF) has released an update.
Allied Irish Banks (AIB) has set the final buyback price for its shares at €5.0395, in line with the volume-weighted average price on Euronext Dublin. The transaction, pending approval at the upcoming EGM on 2 May 2024, anticipates a reduction in the Minister for Finance’s shareholding to 32.9%. If successful, the buyback will lead to the cancellation of the repurchased shares, while the Minister’s warrants, if exercised, would account for 11.2% of AIB’s outstanding shares.
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