REG - Permanent TSB Group - 2023 SREP Outcome: Position on Distributions

Permanent TSB groupAnnouncement

15/12/2023 14:00

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RNS Number : 0259X  Permanent TSB Group Holdings PLC  15 December 2023

This announcement contains inside information under Article 17 of Regulation
(EU) 596/2014. Upon the publication of this announcement, this inside
information is now considered to be in the public domain.

 

15 December
2023
 

Permanent TSB Group Holdings plc ('PTSBGH' or the "company")

2023 Supervisory Review and Evaluation Process

Permanent TSB Group Holdings plc ('PTSBGH') has been notified by the Central
Bank of Ireland ('CBI') of the outcome of its 2023 Supervisory Review and
Evaluation Process ('SREP') which is effective from the date of this
announcement.

 

The 2023 SREP decision advises that PTSBGH is no longer prohibited from paying
out dividends to shareholders. On a go forward basis, PTSBGH will be required
to submit an ex-ante application for a distribution ahead of any Annual
General Meeting proposal by the Board for consideration and approval by the
CBI.

 

The Board will update the market on the Company's medium term financial
targets and distribution policy during 2024.

 

For Further Information Please Contact:

Denis McGoldrick
        Triona Carroll

Investor
Relations
Corporate Affairs and Communications

Email: denis.mcgoldrick@ptsb.ie (mailto:denis.mcgoldrick@ptsb.ie)
                      Email: triona.carroll@ptsb.ie
(mailto:triona.carroll@ptsb.ie)

Phone: +353 87 928 5645
  Phone: +353 87 069 6348

 

Note on Forward-Looking Information:

This announcement contains forward-looking statements, which are subject to
risks and uncertainties because they relate to expectations, beliefs,
projections, future plans and strategies, anticipated events or trends, and
similar expressions concerning matters that are not historical facts. Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors, which may cause the actual results, performance or achievements
of the Bank or the industry in which it operates, to be materially different
from any future results, performance or achievements expressed or implied by
such forward-looking statements. The forward-looking statements referred to in
this paragraph speak only as at the date of this announcement. The Bank
undertakes no obligation to release publicly any revision or updates to these
forward-looking statements to reflect future events, circumstances,
unanticipated events, new information or otherwise except as required by law
or by any appropriate regulatory authority.

 

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