REG - Bank of Ireland Grp - Share Buyback Programme Commencement

Bank of IrelandAnnouncement

03/03/2026 11:00

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RNS Number : 1325V  Bank of Ireland Group PLC  03 March 2026

Bank of Ireland Group plc (the "Group")

Bank of Ireland commences share buyback programme

3 March 2026

On 2 March 2026, the Group announced its intention to commence a share buyback
programme (the "Programme") to repurchase ordinary shares of the Group (the
"shares") for up to a maximum aggregate consideration of €530 million. The
Group today announces the commencement of the Programme, the purpose of which
is to reduce the Group's share capital.

The Group has entered into non-discretionary agreements with J&E Davy
Unlimited Company and UBS AG London Branch to conduct the Programme to
repurchase shares on the Group's behalf and to make trading decisions under
the Programme independently of the Group in accordance with certain pre-set
parameters.

The Programme will commence on 3 March 2026, and end no later than 31 December
2026. The shares will be repurchased on Euronext Dublin and will be cancelled.
The Programme is subject to customary early termination rights, including if
termination is necessary to comply with ongoing capital requirements or the
Group's disclosed capital guidance, if regulatory approval is withdrawn or if
shareholders fail to renew the Group's authority to repurchase shares at the
Group's AGM to be held on 21 May 2026.

The Programme will at all times be conducted in accordance with (and within
the parameters prescribed by):

 (i)                  the Group's general authority to repurchase shares (which authorises the
                      repurchase of a maximum of 98,695,536 shares, being approximately 10% of the
                      then issued share capital of the Group), as approved by shareholders at the
                      Group's AGM on 22 May 2025 (and as such authority may be renewed); and
 (ii)                 the Market Abuse Regulation (EU) No 596/2014 and the Commission Delegated
                      Regulation (EU) No 2016/1052 (including as each of them forms part of retained
                      EU law in the United Kingdom ("UK") from time to time, including, where
                      relevant, pursuant to the UK's European Union (Withdrawal) Act 2018 and Market
                      Abuse (Amendment) (EU Exit) Regulations 2019) as well as the applicable laws
                      and regulations of Euronext Dublin and the UK Financial Conduct Authority.

ENDS

For further information please contact:

 Bank of Ireland
 Mark Spain, Group Chief Financial Officer         +353 (0)12508900 ext. 43291
 Eamonn Hughes, Investor Relations Officer         +353 (0)87 2026325
 Damien Garvey, Director, Group Corporate Affairs  +353 (0)86 8314435

 

Forward Looking Statement

This announcement contains forward-looking statements with respect to certain
of Bank of Ireland Group plc (the 'Company' or 'BOIG plc') and its
subsidiaries' (collectively the 'Group' or 'BOIG plc Group') plans and its
current goals and expectations relating to its future financial condition and
performance, the markets in which it operates and its future capital
requirements or disclosed capital guidance. These forward-looking statements
often can be identified by the fact that they do not relate only to historical
or current facts. Generally, but not always, words such as 'may,' 'could,'
'should,' 'will,' 'expect,' 'intend,' 'estimate,' 'anticipate,' 'assume,'
'believe,' 'plan,' 'seek,' 'continue,' 'target,' 'goal,' 'would,' or their
negative variations or similar expressions identify forward-looking
statements, but their absence does not mean that a statement is not
forward-looking.

Examples of forward-looking statements include, among others: statements
regarding the Group's near term and longer term future capital requirements
and ratios, loan to deposit ratios, expected impairment charges, the level of
the Group's assets, the Group's financial position, future income, business
strategy, projected costs, margins, future payment of dividends, future share
buybacks, the implementation of changes in respect of certain of the Group's
pension schemes, estimates of capital expenditures, discussions with Irish,
United Kingdom, European and other regulators, plans and objectives for future
operations, and the continued impact regional conflicts on the above issues
and generally on the global and domestic economies. Such forward-looking
statements are inherently subject to risks and uncertainties, and hence actual
results may differ materially from those expressed or implied by such
forward-looking statements.

Such risks and uncertainties include, but are not limited to, those as set out
in the 'Principal Risks and Uncertainties' section in the Risk Management
Report in the Group's Annual Report for the year ended 31 December 2025.

Nothing in this announcement should be considered to be a forecast of future
profitability, dividends or financial position of the Group and none of the
information in this announcement is or is intended to be a profit forecast,
dividend forecast or profit estimate. Any forward-looking statement speaks
only as at the date it is made. The Group does not undertake to release
publicly any revision to these forward-looking statements to reflect events,
circumstances or unanticipated events occurring after the date hereof.

 

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