REG - Goldman Sachs Intl AIB Group PLC - Disposal of Remaining Stake in AIB Group plc

AIBAnnouncement

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RNS Number : 0587N  Goldman Sachs International  16 June 2025

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION INTO OR IN THE UNITED STATES OF
AMERICA, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, SWITZERLAND
OR ANY OTHER STATE OR JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR
DISTRIBUTION WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF
THIS ANNOUNCEMENT

 

16 June 2025

 

Intention to dispose of remaining approximately 2.06% of AIB Group plc by the
Irish State

 

The Minister for Finance, Paschal Donohoe TD, today announces his intention to
sell the remainder of the Irish State's shareholding in AIB Group plc (the
"Company"). The disposal of these shares (the "Placing Shares") will be by way
of a placing to institutional investors (the "Placing").

The price at which the Placing Shares are sold (the "Placing Price") will be
determined by way of an accelerated book building process. The book will open
with immediate effect following this announcement.

The Placing is expected to comprise approximately 44 million of the Company's
ordinary shares, representing approximately 2.06% of the issued ordinary
capital of the Company. As a result of the Placing, the Irish State will have
completed its divestment of the Company.

Goldman Sachs International has been appointed to act as Sole Bookrunner in
connection with the Placing.

N.M. Rothschild & Sons Limited ("Rothschild & Co") is acting as
independent financial adviser and William Fry LLP and Allen Overy Shearman
Sterling LLP are acting as legal counsel to the Department of Finance in
connection with the sale.

Details of the Placing Price and the exact number of Placing Shares will be
announced in due course.

 

Enquiries:

 

 

Brian Meenan, Press Officer, Department of Finance, +353 1 6045875 or +353 87
2198857

 

pressoffice@finance.gov.ie

 

 

 

 

Disclaimer

 

 

The distribution of this announcement and the offer and sale of the Placing
Shares in certain jurisdictions may be restricted by law. The Placing Shares
may not be offered to the public in any jurisdiction in circumstances which
would require the preparation or registration of any prospectus or offering
document relating to the Placing Shares in such jurisdiction. No action has
been taken by the Minister for Finance or any of his affiliates that would
permit an offering of the Placing Shares or possession or distribution of this
announcement or any other offering or publicity material relating to such
securities in any jurisdiction where action for that purpose is required.
Persons into whose possession this announcement comes are required to inform
themselves about and to observe any such restrictions.

 

This press release is for information purposes only and does not constitute or
form a part of an offer to sell or a solicitation of an offer to purchase any
security of the Company in the United States or in any other jurisdiction
where such offer or solicitation is unlawful. The securities of the Company
described in this press release have not been and will not be registered under
the U.S. Securities Act of 1933, as amended (the "Securities Act"), or any
applicable state or foreign securities laws and may not be offered or sold in
the United States absent registration or an exemption from the registration
requirements of the Securities Act. There shall be no public offering of
securities in the United States.

 

In member states of the European Economic Area (each, a "Relevant Member
State"), this announcement and any offer if made subsequently is directed
exclusively at persons who are 'qualified investors' within the meaning of
Regulation (EU) 2017/1129 (the "Prospectus Regulation") ("Qualified
Investors"). In the United Kingdom this announcement is directed exclusively
at persons who are 'qualified investors' within the meaning of the Prospectus
Regulation (as it forms part of United Kingdom domestic law by virtue of the
European Union (Withdrawal) Act 2018) (i) who have professional experience in
matters relating to investments falling within Article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended
(the "Order"), or (ii) who fall within Article 49(2)(a) to (d) of the Order,
and (iii) to whom it may otherwise lawfully be communicated.

 

Goldman Sachs International which is authorised by the Prudential Regulation
Authority (the "PRA") and regulated by the Financial Conduct Authority (the
"FCA") and the PRA in the United Kingdom (the "Sole Bookrunner") and N.M.
Rothschild & Sons Limited (the "Adviser") which is authorised and
regulated by the FCA in the United Kingdom, are acting on behalf of the
Minister for Finance and no one else in connection with any offering of the
Placing Shares and will not be responsible to any other person for providing
the protections afforded to any of their respective clients or for providing
advice to any other person in relation to any offering of the Placing Shares.
Neither the Sole Bookrunner nor the Adviser will regard any other person as
its client in relation to the offering of the Placing Shares. No
representation or warranty, express or implied, is or will be made as to, or
in relation to, and no responsibility or liability is or will be accepted by
the Sole Bookrunner, the Adviser or by any of their respective affiliates or
agents as to or in relation to, the accuracy, completeness or sufficiency of
this announcement or any other written or oral information made available to
or publicly available to any interested party or its advisers in connection
with the Minister for Finance, the Company, the Placing Shares, the Placing or
any of the arrangements described herein, and any liability therefor is
expressly disclaimed.

 

No Placing Shares will be available to any investor whose purchase of such
Placing Shares, whether on its own account or as a fiduciary or agent for one
or more investor accounts, would require regulatory consent in any
jurisdiction (including, without limitation, under the UK Financial Services
and Markets Act 2000 or the United States Bank Holding Company Act of 1956).

 

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