REG - AIB Group PLC - AIB announces cancellation of Warrants

AIBAnnouncement

31/10/2025 07:00

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RNS Number : 5964F  AIB Group PLC  31 October 2025

 EMBARGO 07:00  31 October 2025

 

AIB Group plc announces cancellation of Warrants held by the Minister for
Finance

 

AIB Group plc ("AIB" or the "Company") has agreed with the Minister for
Finance (the "Minister") to cancel the 271,166,685 warrants held by the
Minister (the "Warrants") for a cash payment to the State of €390 million
(the "Warrant Cancellation"). The Warrants, which gave the Minister the right
to subscribe for ordinary shares in AIB at a specified price, were originally
granted in July 2017. A deed of warrant cancellation ("Warrant Cancellation
Deed") between AIB and the Minister was signed on 30 October 2025 to give
effect to the Warrant Cancellation.

This Warrant Cancellation follows the State's exit from AIB's share register in June 2025, marking the return of the Company to full private ownership. The Warrant Cancellation represents a further payment of €390 million((1)) to the State by AIB.

Based on AIB's capital position at 30 June 2025, AIB's fully-loaded CET1 ratio
will be reduced by approximately 70bps to 15.7% from the reported 16.4%((2)).

--ENDS-

((1)) This €390 million cash payment brings the total proceeds returned to
the State to c. €21 billion, which includes levies of c. €650 million and
other fees. The €390 million payment reflects, inter alia, the AIB share
price and the exercise price of €6.752

((2)) The CET1 ratio does not include interim profits for the half-year 2025
pending a final decision on payout at year end

For further information, please contact:

 Niamh Hore / Siobhain Walsh              Paddy McDonnell / Louise Kelly

 Investor Relations                       Media Relations

 AIB Group plc                            AIB Group plc

 Dublin                                   Dublin

 Tel: +353-86-3135647 / +353-87-3956864   Tel +353-87-7390743 / +353-87-2161545

 

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, 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 17 to 20 in the 2024 Annual Financial Report and
updated on page 30 of the Half-Year Financial Report 2025. 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. Future
performance could also be impacted by macroeconomic uncertainty, tariffs,
geopolitical tensions and global conflict. 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 17 to 20 of the
2024 Annual Financial Report and updated on page 30 of the Half-Year Financial
Report 2025 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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