REG - AIB Group PLC - Statement on State Divestment

AIBAnnouncement

28/01/2025 07:15

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RNS Number : 9339U  AIB Group PLC  28 January 2025

 28 January 2025

 

AIB Group plc  - STATement on STATE DIVESTMENT

 

AIB Group plc notes the announcement by the Irish Department of Finance
regarding the sell down of 5% of the issued ordinary capital of the Group,
which brings the State's shareholding to c. 12.5%.

 

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

 

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

 

This well-supported transaction is another important milestone in the process
of returning the State's investment in the Group and a normalisation of the
share register. It will return a further c. €652 million to Irish taxpayers
to whom AIB is deeply grateful, for their support during the financial crisis.
This brings the total proceeds returned to the State to c. €18 billion.

 

2024 was the first year of our new strategic cycle and we made strong progress
in each of our three focus areas: Customer First, Greening our business and
Operational efficiency. Our business performance is underpinned by a
supportive domestic economy, our leading customer franchise, competitive
market positioning, growing loan book and resilient and diversifying income.
We look forward to continuing to support our customers, generating shareholder
value and delivering our 2024 Annual Financial Results on 5 March."

 

-ENDS-

Contact details:

 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 / +353-87 216 1545

 

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 Principal Risks on pages 27 to 30 of the Annual Financial Report
2023 and updated on page 32 of the 2024 Half-Year Financial Report. In
addition to matters relating to the Group's business, future performance will
be impacted by (i) the Group's ability along with governments and other
stakeholders to measure, manage and mitigate the impacts of climate change
effectively, (ii) the impacts of inflation and (iii) Irish, UK and wider
European and global economic and financial market considerations. Future
performance could also be impacted by the direct and indirect consequences of
conflicts in the Middle East and Ukraine. 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 27 to 30 of the
Annual Financial Report 2023 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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