REG - Permanent TSB Group - Result of Odd-lot Offer

Permanent TSB groupAnnouncement

14/10/2024 13:30

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241014:nRSN9691Ha&default-theme=true

RNS Number : 9691H  Permanent TSB Group Holdings PLC  14 October 2024

 

Permanent TSB Group Holdings plc

Results of Odd-lot Offer

 

14 October 2024

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF SUCH JURISDICTION

 

Permanent TSB Group Holdings plc (the "Company" or "PTSBGH") announces that
following the closure of the Odd-lot Offer on 4 October 2024, the Company has
purchased a total of 592,943 of its own ordinary shares at €1.74 each.

 

The Odd-lot Offer was launched on 6 September 2024 in order to reduce the
Company's shareholder base, which because of the Company's demutualisation
from being a building society in 1994 was unusually large for a company of its
size. The Odd-lot Offer facilitated the disposal by eligible Odd-lot Holders
of their shares at a 5% premium, without the dealing costs that would
typically render such disposal uneconomic, whilst giving interested
Shareholders the ability to opt-out of such a disposal. The Odd-lot Offer is
to the benefit of shareholders as a whole as it will lower the Company's cost
base. Following the implementation of the Odd-lot Offer, the number of
certificated shareholders has been reduced by approximately 90.61 per cent.
(116,376 shareholders).

 

As set out in the announcement made on 6 September 2024, the purchase price of
€1.74 per share represents a 5 per cent. premium to the volume weighted
average price of the Company's ordinary shares traded on the Euronext Dublin
over the five trading days prior to 6 September 2024.

 

Eligible Odd-lot Holders who have not elected to opt-out of the Odd-lot Offer
will receive their payment by cheque. Shareholders with a registered address
in Ireland will be paid in euros by cheque and shareholders with a registered
address in the United Kingdom will be paid in sterling (GBP) by cheque. It is
expected that cheques will be despatched no later than 21 October 2024.

 

The shares purchased by the Company represent approximately 0.11 per cent. of
the existing issued share capital of the Company and will be cancelled.
Following this cancellation, the Company's issued ordinary share capital will
be 544,996,176 Ordinary Shares and the total number of voting rights in the
Company will be 544,996,176. This figure may be used by shareholders as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, the
Company under the Transparency (Directive 2004/109/EC) Regulations 2007.

 

Capitalised terms in this announcement, unless otherwise defined have the same
meaning given to them in the Annual General Meeting circular issued to
shareholders dated 3 April 2024 (the "Circular").

 

For Further Information Please Contact:

 

Market/Media

 

 Scott Rankin                                                Tríona Carroll

 Head of Investor Relations                                  Corporate Affairs & Communications

 Email: scott.rankin@ptsb.ie (mailto:scott.rankin@ptsb.ie)   Email: triona.carroll@ptsb.ie (mailto:triona.carroll@ptsb.ie)

 

Shareholders

 

Shareholder support-line Ireland: +353 (0)1 526 0116 (or if dialling from the
UK on 020 3059 8256).

Email address: enquiries@linkgroup.ie quoting "PTSB Odd-Lot Offer" in the
Subject Line.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  STRQKNBBCBDDNKD