AIB Group PLC Court approval of the AIB reduction of capital (2335Z)
13 December 2017 - 10:02PM
UK Regulatory
TIDMAIBG
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 EUR2.47 to EUR0.625. 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 Niamh Hore Orla Bird
Chief Financial Investor Relations Head of Communications
Officer AIB Bankcentre AIB Bankcentre
AIB Bankcentre Dublin Dublin
Dublin Tel: 6411817 Tel: +353-1-6415375
Tel: +353-1-6412195 email: email:
email: niamh.a.hore@aib.ie orla.c.bird@aib.ie
mark.g.bourke@aib.ie
This information is provided by RNS
The company news service from the London Stock Exchange
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