IN BRIEF: AIB Group to buy back EUR1 billion in shares from State
8th May 2025 15:06
AIB Group PLC - Dublin-based bank - Agrees with Irish Minister for Finance Paschal Donohoe to buy back 191.7 million shares off-market from the government, for total consideration of EUR1.2 billion at 626.07 euro cents each. Shareholders approved the share purchase deed between AIB and the minister at the annual general meeting on Thursday last week, and the contract was signed on Wednesday. As a result the minister will own approximately 3.3% of AIB's issued share capital and will hold 271.2 million warrants to subscribe for shares representing around 12.7%. The warrants' exercise price has due to the buyback reduced to EUR6.752 per share from EUR7.455. Read More