REG - Bank of Ireland(Gov) - Notice of Intention to Delist Preference Stock

Beacon Rise HoldingsAnnouncement

24/11/2023 16:30

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RNS Number : 6489U  Bank of Ireland(Governor&Co)  24 November 2023

Bank of Ireland Group plc (together with its subsidiaries, the "Group")

Notice of Intention to Delist Preference Stock

24 November 2023

 

THE GOVERNOR AND COMPANY OF THE BANK OF IRELAND

NOTICE OF INTENTION TO DELIST (1) the 12.625% NON-CUMULATIVE STERLING
PREFERENCE STOCK AND (2) the 12% NON-CUMULATIVE EURO PREFERENCE STOCK FROM THE
LONDON STOCK EXCHANGE AND EURONEXT DUBLIN

 

 

Today The Governor and Company of the Bank of Ireland (the "Bank") announces
that it intends to submit applications to the UK Financial Conduct Authority
(the "FCA") and Euronext Dublin to cancel the listings of its (1) 12.625%
Non-Cumulative Sterling Preference Stock (ISIN IE0000730808) (the "Sterling
Preference Stock") and (2) 12% Non-Cumulative Euro Preference Stock (ISIN
IE0000730790) (the "Euro Preference Stock" and together with the Sterling
Preference Stock, the "Preference Stock") on the London Stock Exchange (the
"LSE") and on Euronext Dublin (together, the "Cancellation of Listings").

 

The delisting of the Preference Stock from the LSE is subject to approval by
the FCA, and the delisting of the Preference Stock from Euronext Dublin is
subject to approval by Euronext Dublin.

 

It is anticipated that the Cancellation of Listings will take effect on or
around 27  December 2023, subject to the approval of the LSE and Euronext
Dublin respectively. The Cancellation of Listings will not have any impact on
the Bank's day-to-day operations, or the listing of any other of its
securities on a stock exchange.

 

Pursuant to Listing Rule 5.2.8 of the FCA Listing Rules and Listing Rule
5.3.13 of the Euronext Dublin Listing Rules, the Bank is required to give at
least 20 business days' notice of the intended Cancellation of Listings.
Therefore, it is intended that the Cancellation of Listings will become
effective on or around 27 December 2023, such that the last day of trading of
the Preference Stock on the LSE and Euronext Dublin would be 21 December 2023.

 

Investors whose Preference Stock are listed on the LSE and/or Euronext Dublin
are encouraged to consult with their own investment advisers as to how the
delistings may affect them. Additional information about the delistings can
also be found on the Bank's website
at https://investorrelations.bankofireland.com/press-releases/stock-exchange-announcements/
(https://investorrelations.bankofireland.com/press-releases/stock-exchange-announcements/)
.

 

Further announcements will be made in due course as required.

 

 

Ends

 

For further information please contact:

 

Bank of Ireland

Conor O'Leary, Head of Group
Secretariat
                                +353 1 87
6597880

 

 

DISCLAIMERS

 

This announcement contains certain forward-looking statements that reflect the
Bank's intent, beliefs or current expectations about the future and can be
recognised by the use of words such as "expects," "will,", "anticipate,"
"intends" or words of similar meaning. These forward-looking statements are
not guarantees of any future performance and are necessarily estimates
reflecting the best judgment of the directors of the Bank and involve a number
of risks and uncertainties that could cause actual results to differ
materially from those suggested by the forward-looking statements. As a
consequence, these forward-looking statements should be considered in light of
various important factors that could cause actual results to differ materially
from estimates or projections contained in the forward-looking statements,
which include, without limitation, the risk factors set forth in the
documentation accompanying the notice of EGC sent to stockholders of the Bank
on 1 November 2023. The Bank cannot guarantee that any forward-looking
statement will be realised, although it believes it has been prudent in their
respective plans and assumptions. Achievement of future results is subject to
risks, uncertainties and assumptions that may prove to be inaccurate. Should
known or unknown risks or uncertainties materialise, or should underlying
assumptions prove inaccurate, actual results could vary materially from those
anticipated, estimated or projected. The Bank undertakes no obligation to
update publicly or release any revisions to these forward-looking statements
to reflect events or circumstances or to reflect the occurrence of
unanticipated events, except as required by applicable law.

 

 

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