REG - AIB Group PLC - Statement on Return to Full Private Ownership

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RNS Number : 1510N  AIB Group PLC  17 June 2025

     17 June 2025

 

 

AIB Group plc  - STATement on RETURN TO FULL PRIVATE OWNERSHIP

 

AIB Group plc welcomes the announcement by the Irish Department of Finance
regarding the State's exit from  AIB's share register, which results in the
Group returning to full private ownership.

 

Commenting on the development, AIB Group Chief Executive Officer Colin Hunt,
said:

 

"Reaching this milestone is a significant day for the Group. AIB profoundly
regrets that the institution had to be rescued by the State almost two decades
ago and owes an immense debt of gratitude to Irish taxpayers for the support
provided during that challenging time.

 

Since then, our focus has been on rebuilding trust, repaying the State and
continuing to support our customers, communities and the wider economy.

 

The Group has undergone significant transformation and through the
implementation of our proven strategy, we are well-positioned to continue
generating value for all our stakeholders over the medium-term. With our
market-leading customer franchise, resilient revenues and a strong capital
position, we remain confident in the strong fundamentals of our business and
our ability to play a positive role in the Irish economy, helping to build a
more sustainable future for our customers while delivering sustainable returns
for our shareholders."

 

AIB remains in discussion with the Department of Finance regarding the
potential purchase of warrants issued to the Minister at the time of AIB's IPO
in 2017, which, if transacted, would result in the cancellation of the
warrants and additional funds being returned to the State.

 

 

-ENDS-

            Contact details:

   Niamh Hore / Siobhain Walsh         Paddy McDonnell / Louise Kelly
   Investor Relations                  Media Relations
   AIB Group plc                       AIB Group plc
   Dublin                              Dublin
   Tel: +353863135647 / +353873956864  Tel: +353877390743 / +353872161545

 

 

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 17 to 20 in the 2024 Annual Financial
Report. 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 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 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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