REG - AIB Group PLC - AIB Group plc - Statement on State Divestment

AIBAnnouncement

28/06/2022 07:16

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RNS Number : 4275Q  AIB Group PLC  28 June 2022

 28 June 2022

 

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 State's shareholding in the
Group, which brings the State's shareholding to c. 63.5%.

 

Commenting on the share sale, Colin Hunt, AIB Group plc Chief Executive said:

 

"We very much welcome the decision and subsequent transaction undertaken by
the Minister for Finance, Mr Paschal Donohoe, which has led to a further
divestment of the State's shareholding in AIB Group plc.

 

It is an important development in the process of returning the State's
investment in the Group and a normalisation of the share register. 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 generating sustainable returns for all our shareholders."

 

 

-ENDS-

Contact details:

 Niamh Hore / Siobhain Walsh             Paddy McDonnell / Graham Union
 Investor Relations                      Media Relations
 AIB Group                               AIB Group
 Dublin                                  Dublin
 Tel: +353-86-3135647 / +353-87-3956864  Tel: +353-87-7390743 / +353-85-2088343

 

 

 

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 28 to 30 in the 2021 Annual Financial
Report. In addition to matters relating to the Group's business, future
performance will be impacted by direct and indirect impacts of the COVID-19
pandemic and by Irish, UK and wider European and global economic and financial
market considerations. 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 28 to 30 of the 2021 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.

Figures presented may be subject to rounding.

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