REG - AIB Group PLC - Notice of AGM

AIBAnnouncement

03/04/2024 15:00

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RNS Number : 1950J  AIB Group PLC  03 April 2024

 

 

3 April 2024

 

AIB GROUP PLC (the "Company")

 

NOTICE OF ANNUAL GENERAL MEETING 2024

 

The Annual General Meeting ("AGM") of the Company will be held on Thursday, 2
May 2024 at 10.00 a.m. at 10 Molesworth Street, Dublin 2. Shareholders may
attend the AGM in person or listen to the proceedings over the telephone
conference call facility. Instructions on how to join the conference call are
available below.

 

AGM Documents

The following documents have been posted or made available to shareholders
today:

·      Letter from the Chair and Notice of the 2024 AGM

·      Form of Proxy

 

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

 

Odd-lot Offer

The Company is also announcing, pursuant to Irish Listing Rule 9.4.4 and UK
Listing Rule 12.4.4, that it is 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 an Odd-lot Offer, it is
intended that eligible holders of 20 or fewer Ordinary Shares will be offered
the opportunity to sell their shares to the Company at a 5% premium to the
market price at that time.  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, the timing for any
proposed Odd-lot Offer will be at the discretion of the Directors, and will be
subject to the prior approval of the European Central Bank.  Full details of
the background to the Odd-Lot Offer proposal and the proposed terms of an
Odd-lot Offer are included in the Notice of the AGM.

 

Proxy Voting

We invite Shareholders who will not attend the AGM in person to submit Forms
of Proxy in advance to ensure that their votes count at the AGM.  These forms
can be submitted by availing of one of the options set out in the Voting
Instructions section of the Letter from the Chair.

 

Questions

While Shareholders will have an opportunity to ask questions at the AGM, we
also invite Shareholders to submit relevant questions in advance of the AGM by
email to secretariat@aib.ie (mailto:secretariat@aib.ie) .

 

AGM Conference call details

To access the live telephone conference call, Shareholders should use the
following numbers:

 

 Republic of Ireland:                   +353 (0)1 436 0959
 UK / International:                    +44 (0) 33 0551 0200
 USA local                              +1 786 697 3501
 Conference Passcode No.:               AIB

 

It is recommended that Shareholders dial in at least 15 minutes prior to the
start time.

 

Documents available on the Company's website

Copies of the Letter from the Chair and Notice of the 2024 AGM, the AIB Group
plc Annual Financial Report for the year ended 31 December 2023, the Directed
Buyback Contract, Proposed Odd-lot Offer Purchase Contract, Current
Constitution of the Company (dated 6 May 2021), Proposed Constitution of the
Company with amendments redlined and details of the total number of shares and
voting rights at the date of the Notice are also available to view on the
Company's website:
www.aib.ie/investorrelations/shareholder-information/annual-general-meeting.

 

 

Q1 2024 Trading Update

The Company will issue its Q1 2024 Trading Update on Thursday, 2 May 2024.

 

***

 

 

Contact details:

 

 Conor Gouldson                                                   Niamh Hore                                                     Louise Kelly
 Group Company Secretary                                          Head of Investor Relations                                     Media Relations Manager
 AIB Molesworth Street                                            AIB Molesworth Street                                          AIB Molesworth Street
 Dublin 2                                                         Dublin 2                                                       Dublin 2
 Tel: +353-1-772 0030                                             Tel: +353-86-3135647                                           Tel: +353-87-2161545
 email: conor.w.gouldson@aib.ie (mailto:conor.w.gouldson@aib.ie)  email: niamh.a.hore@aib.ie (mailto:niamh.a.hore@aib.ie)        email: Louise.Y.Kelly@aib.ie (mailto:Louise.Y.Kelly@aib.ie)

 

 

 

-ENDS-

 

 

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