REG - Permanent TSB Group NatWest Group plc - Statement on Share Sale

Permanent TSB groupAnnouncement

02/06/2023 07:45

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RNS Number : 4795B  Permanent TSB Group Holdings PLC  02 June 2023

 

 

02 June 2023

 

 

PERMANENT TSB GROUP HOLDINGS PLC

 

 

Permanent TSB Group Holdings plc ("PTSB") notes the announcements by the Irish
Department of Finance and the NatWest Group plc (NatWest) on selling shares in
the Bank.

Following these announcements, Eamonn Crowley, Group Chief Executive
commented:

 

"We welcome the decision by the Minister for Finance, Mr Michael McGrath, and
NatWest to dispose of shares in PTSB in accordance with the terms of a
shareholder cooperation agreement 1 . This is another important step in
normalising the composition of our shareholder base and creating further
liquidity in the Bank's shares. Furthermore it demonstrates market appetite to
invest in PTSB following a period of transformational growth and supports our
stated ambition to deliver value for the Irish taxpayer.

 

 

For further information, please contact:

 

Caitriona Gilmore

Head of Investor Relations

Caitriona.gilmore@permanenttsb.ie

 

Leontia Fannin

Head of Corporate Affairs & Communications

leontia.fannin@permanenttsb.ie

 

 1  On 7 November 2022, PTSB entered into a shareholder co-operation agreement
with NatWest Group plc and the Minister for Finance of Ireland in relation to
a number of matters including orderly sale arrangements in relation to both
the shares held by the Minister and the shares issued to RBS AA Holdings (UK)
Limited, a subsidiary of NatWest Group plc.

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