AIB Group PLC AIB Group plc - Statement on State Divestment (2096E)
28 Giugno 2023 - 8:05AM
UK Regulatory
TIDMAIBG
RNS Number : 2096E
AIB Group PLC
28 June 2023
28 June 2023
AIB Group plc - STATement on STATE DIVESTMENT
AIB Group plc notes the announcement by the Irish Department of
Finance regarding the sell down of approximately 5% of the issued
ordinary capital of the Group, which brings the State's
shareholding to c. 46.9%.
Commenting on the share sale, AIB Group Chief Executive Officer
Colin Hunt, said:
"We very much welcome the decision and subsequent transaction
undertaken by the Minister for Finance, Mr Michael McGrath, which
has led to a further divestment of the State's shareholding in AIB
Group plc to c. 46.9%.
It is another important development in the process of returning
the State's investment in the Group and a normalisation of the
share register. Today also marks a significant milestone for the
Group as we return to majority private ownership. AIB owes the
Irish taxpayer an immense debt of gratitude for its support during
the financial crisis.
We remain focused on our strategy to grow and strengthen the
Group to ensure we continue to support our customers and generate
sustainable returns for all our shareholders."
-ENDS-
Contact details:
Niamh Hore / Siobhain Walsh Paddy McDonnell / Louise Kelly
Investor Relations Media Relations
AIB Group AIB Group
Dublin Dublin
Tel: +353-86-3135647 / +353-87-3956864 Tel: +353-87-7390743 / +353-87 216 1545
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, Government shareholding in the Group, 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 23 to
25 in the 2022 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, the impact of higher inflation on customer
sentiment and by Irish, UK and wider European and global economic
and financial market considerations. Future performance will
further be impacted by the direct and indirect consequences of the
Russia-Ukraine war on European and global macroeconomic conditions
and any enduring effects of the COVID-19 pandemic. 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 23 to 25 of the 2022 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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END
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June 28, 2023 02:05 ET (06:05 GMT)
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