Bank of Ireland Group PLC Notice of the Redemption of Preference Stock (3409W)
11 Dezembro 2023 - 6:41AM
UK Regulatory
TIDMBIRG
RNS Number : 3409W
Bank of Ireland Group PLC
11 December 2023
Bank of Ireland Group plc (together with its subsidiaries, the
"Group")
Notice of the Redemption of Preference Stock
11 December 2023
The Group is pleased to announce further progress in respect of
the retirement of legacy perpetual instruments.
At an Extraordinary General Court of The Governor and Company of
the Bank of Ireland ("GovCo") and class meetings of the holders of
each of GovCo's 12% Euro Preference Stock and 12.625% Sterling
Preference Stock (each an "Instrument" and together the
"Instruments") held on 24 November 2023, the conversion of the
Instruments to redeemable stock units was approved.
Following the expiry of an objection period for holders of the
Instruments to object to the conversion of their individual
holdings of the Instruments, the following amounts of the
Instruments were converted to redeemable stock units at 7.00 pm on
8 December 2023 and redeemed at 7.00 am on 11 December 2023:
Instrument Percentage Amount redeemed (units Amount outstanding
redeemed / nominal amount) following redemption
(units / nominal
amount)
12% Euro Preference 26.52% 802,695 units / 2,223,903 units
Stock EUR1,019,212 nominal /
(ISIN: IE0000730790) amount EUR2,823,774
nominal amount
----------- ----------------------- ----------------------
12.625% Sterling 100% 1,876,090 units / nil
Preference Stock GBP1,876,090 nominal
(ISIN: IE0000730808) amount
----------- ----------------------- ----------------------
Following the redemption, Bank of Ireland Nominee 3 Limited (a
Group company) holds approximately 89.6% of the outstanding units
of GovCo's 12% Euro Preference Stock.
The Group intends to explore further options to retire the
remaining 12% Euro Preference Stock in the first half of 2024.
This announcement is made in accordance with Listing Rule
6.1.62(2) of the Euronext Dublin Listing Rules and Listing Rule
14.3.17(3) of the FCA Listing Rules.
Ends
For further information please contact:
Bank of Ireland
Mark Spain, Group Chief Financial Officer +353 1 2508900 ext
43291
Eamonn Hughes, Chief Sustainability & Investor Relations
Officer +353 (0)87 2026325
Darach O'Leary, Head of Group Investor Relations +353 (0)87
9480650
Damien Garvey, Head of Group External Communications and Public Affairs +353 (0)86 8314435
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END
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December 11, 2023 04:41 ET (09:41 GMT)
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