REG - Goldman Sachs Intl AIB Group PLC - Irish State Completes Divestment of AIB Group plc

AIBAnnouncement

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RNS Number : 0803N  Goldman Sachs International  17 June 2025

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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

 

17 June 2025

 

 

Irish state completes divestment of AIB Group plc with final sale of
approximately 44 million shares for total proceeds of approximately €305
million

 

Further to his announcement on 16 June 2025, the Minister for Finance, Paschal
Donohoe TD, announces the successful completion of the disposal of the Irish
State's remaining 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 19
June 2025:

 

•    The shareholding of the Irish State will be reduced from 44.0
million ordinary shares, representing approximately 2.06% of the ordinary
share capital of the Company, to zero.

 

•    The Placing price was €6.94 per share. As a result, the gross
proceeds from the sale of the Placing Shares will be €305.3 million. Upon
settlement, this sum will be returned to the Ireland Strategic Investment Fund
pending further consideration by the Minister.

 

•    Goldman Sachs International acted 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.

 

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 (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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