REG - Permanent TSB Group - Notice of AGM

Permanent TSB groupAnnouncement

04/04/2024 14:00

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RNS Number : 3608J  Permanent TSB Group Holdings PLC  04 April 2024

04 April 2024.

 

Permanent TSB Group Holdings Plc

 

Headline: Notice of Annual General Meeting

 

The Annual General Meeting of Permanent TSB Group Holdings plc will take place
on the 15 May 2024 (10am) at the Marker Hotel, Grand Canal Square, Dublin
Docklands, Dublin 2.

 

The following documents will shortly be posted to ordinary shareholders and
are now available to view on the Company's website:
https://www.permanenttsbgroup.ie/investors/shareholders/shareholder-meetings
(https://www.permanenttsbgroup.ie/investors/shareholders/shareholder-meetings)

 

(i)    Notice of Annual General Meeting;

(ii)   Form of Proxy; and

(iii)  Financial Statements and the Reports of the Directors and Auditors for
the year ended 31 December 2023.

 

In accordance with  Listing  Rule  6.1.59  of Euronext   Dublin  and
Listing  Rule  9.6.1  of the  Financial Conduct  Authority, copies of the
Notice of Annual General Meeting and the Form of Proxy will be submitted to
Euronext  Dublin and the UK National Storage Mechanism and will be shortly
available for inspection at:

 

https://direct.euronext.com/#/oamfiling
(https://direct.euronext.com/#/oamfiling)

https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

Odd-lot Offer

 

Note: Words and expressions defined herein shall, unless the context otherwise
requires, have the meanings ascribed to them in the Circular of which the
Notice of AGM forms part.

 

The Company is announcing, pursuant to Listing Rule 9.4.4 of Euronext Dublin
and Listing Rule 12.4.4 of the Financial Conduct Authority, that it will be
seeking authority from Shareholders at the AGM to put in place a mechanism to
permit an Odd-lot Offer to Shareholders at any time up to 18 months following
the AGM. Under the Odd-Lot offer, it is intended that eligible holders who
hold in aggregate 100 or fewer Ordinary Shares may be offered the opportunity
to sell their shares to the Company at a 5% premium to the then average price
(as contemplated in the Listing Rules of Euronext Dublin).  This will
facilitate the disposal by eligible Odd-lot Holders of their shares at a 5%
premium, without the dealing costs which would normally render such a disposal
uneconomic. Shareholders will have the ability to opt out of any Odd-lot
Offer. The mechanism will require an amendment to the Company's Articles of
Association.

 

Subject to approval of the relevant proposals at the AGM, any decision to
announce an Odd-Lot offer and the timing for same will be at the discretion of
the Directors, and will be subject to the prior approval of the Central Bank
of Ireland. Full details of the background to and proposed terms of the
Odd-lot Offer are included in the Notice of the AGM.

 

The following documents in connection with the Odd-lot Offer are now available
to view on the Company's website:
https://www.permanenttsbgroup.ie/investors/shareholders/shareholder-meetings
(https://www.permanenttsbgroup.ie/investors/shareholders/shareholder-meetings)

 

(i)    Proposed Odd-lot Offer Purchase Contract;

(ii)   Current Constitution of the Company (dated 19 May 2021); and

(iii)  Proposed Constitution of the Company with amendments redlined.

 

 

 

Conor Ryan

Group Secretary

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