REG - Goldman Sachs Intl AIB Group PLC - Result of Secondary Placing in AIB Group plc

AIBAnnouncement

28/06/2022 07:00

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RNS Number : 3761Q  Goldman Sachs International  28 June 2022

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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

 

28 June 2022

 

 

Disposal of approximately 5.0% of AIB Group plc

 

Further to the announcement on 27 June 2022, the Minister for Finance Paschal
Donohoe TD, announces the successful completion of the disposal of part of the
Irish State's shareholding in AIB Group plc (the "Company"). The disposal was
effected by way of a placing (the "Placing") of shares (the "Placing Shares")
in an accelerated book building process to institutional investors.

 

In summary, following settlement of the Placing which will take place on 30
June 2022:

 

•    The shareholding of the Irish State will be reduced from 1,831.9
million ordinary shares, representing approximately 68.5% of the ordinary
share capital of the Company, to 1,698.3 million ordinary shares, representing
approximately 63.5% of the ordinary share capital.

 

•    Accordingly, the overall size of the State's shareholding will be
reduced by approximately 5.0%.

 

•    The Placing price was €2.28 per share. As a result, the gross
proceeds from the sale of the Placing Shares will be €304.8 million. Upon
settlement, this sum will be returned by the Ireland Strategic Investment Fund
to the exchequer.

 

•    Goldman Sachs International and Goodbody Stockbrokers UC acted as
Joint Bookrunners in connection with the Placing.

 

•    The Minister for Finance has undertaken to the Joint Bookrunners not
to sell further shares in the Company for a period of 90 calendar days
following the completion of the Placing without the prior written consent of
the Joint Bookrunners.

 

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

 

 

Enquiries:

 

 

Brian Meenan, Press Officer, Department of Finance, +3531 6045875 or + 353
872198857

 

pressoffice@finance.gov.ie (mailto:pressoffice@finance.gov.ie)

Important Information

 

This announcement is for information purposes only and does not constitute an
offer or an invitation to acquire or dispose of any securities of the Company
in the United States, Canada, Australia or Japan or in any other jurisdiction
in which such an offer of solicitation is unlawful.  The shares sold pursuant
to the Placing have not been, and will not be, registered under the United
States Securities Act of 1933, as amended, or under any securities laws of any
state or jurisdiction of the United States and may not be offered or sold in
the United States absent registration or an exemption from registration.
There was no public offering of securities in the United States.

 

Neither this announcement nor any copy of it may be taken, transmitted or
distributed, directly

or indirectly in or into the United States of America, Australia, Canada,
Japan, The Republic of South Africa, Switzerland or any other jurisdiction
where to do so would constitute a violation of the relevant laws or
regulations of such jurisdiction. Any failure to comply with this restriction
may constitute a violation of the securities laws of any such jurisdiction.

 

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 and Goodbody Stockbrokers UC which is
authorised and regulated in Ireland by the Central Bank of Ireland and in the
United Kingdom is subject to regulation by the FCA (together the "Joint
Bookrunners"), 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 of the Joint Bookrunners 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 either of the Joint Bookrunners, 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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