Allied Irish Banks Announces the Results of Its Offers
July 25 2011 - 8:40AM
Marketwired
Allied Irish Banks, p.l.c. ("AIB") (NYSE: AIB) 25th July 2011
ALLIED IRISH BANKS, P.L.C. ANNOUNCES THE RESULTS OF ITS OFFERS TO
PURCHASE FOR CASH any and all of its outstanding EUR400,000,000
Subordinated Callable Step-Up Floating Rate Notes due 2015 (ISIN:
XS0208845924) (the "2015 Euro Notes")
£700,000,000 Callable Dated Subordinated Fixed to Floating Rate
Notes due July 2023 (ISIN: XS0368068937) (the "2023 Sterling
Notes")
EUR419,070,000 10.75 per cent. Subordinated Notes due 2017
(ISIN: XS0498532117) (the "2017 Euro Notes" and, together with the
2015 Euro Notes and the 2023 Sterling Notes, the "Notes")
ALLIED IRISH BANKS, P.L.C. FURTHER ANNOUNCES THE RESULTS OF THE
MEETINGS OF HOLDERS OF THE ABOVE NOTES
On 13 May 2011, Allied Irish Banks, p.l.c. (the "Bank")
announced that it was inviting all holders of the Notes (subject to
the invitation restrictions set out in the Tender and Consent
Memorandum (as defined below)) to (i) tender any and all of the
Notes for purchase by the Bank for cash, and (ii) consent (the "AIB
Consent Invitation") to certain modifications of the terms of the
Notes (together, the "AIB Offer").
The AIB Offer was made upon the terms and subject to the
conditions contained in the tender and consent memorandum dated 13
May 2011 (the "Tender and Consent Memorandum").
In conjunction with the invitation to tender any and all of the
Notes, the Bank invited holders of each Series of Notes (subject to
the invitation restrictions set out in the Tender and Consent
Memorandum) to consider, and, if thought fit, pass, the relevant
Extraordinary Resolution (each an "Extraordinary Resolution") in
relation to certain modifications of the terms of each Series of
the Notes as further described in the Tender and Consent
Memorandum.
This announcement is made in accordance with the Tender and
Consent Memorandum. Capitalised terms used and not otherwise
defined in this announcement have the meaning given in the Tender
and Consent Memorandum.
The Bank hereby announces the aggregate nominal amount of each
Series of Notes accepted for purchase pursuant to the relevant
Offer.
The Bank announces whether the Extraordinary Resolutions in
relation to each Series of Notes have passed.
Payment of the Purchase Price in respect of Notes validly
tendered in the relevant Offer and accepted for purchase is
expected to be made on Monday, 25 July 2011.
GENERAL
Holders are advised to read carefully the Tender and Consent
Memorandum for full details of, and information on, the AIB Offer.
Requests for information in relation to the AIB Offer should be
directed to the Dealer Manager:
THE DEALER MANAGER
J.P. Morgan Securities Ltd.
125 London Wall
London EC2Y 5AJ
United Kingdom
For information by telephone:
+44 (0) 20 7779 2468
Attention: Ryan O'Grady - FIG Syndicate
Email: ryan.ogrady@jpmorgan.com
For information by telephone:
+44 (0) 20 7777 1333
Attention: Sebastien Bamsey - Liability Management
Email: sebastien.m.bamsey@jpmorgan.com
Requests for information, documents or materials relating to the
AIB Offer should be directed to the Tender and Tabulation
Agent:
THE TENDER AND TABULATION AGENT
Lucid Issuer Services Limited
Leroy House
436 Essex Road
London N1 3QP
United Kingdom
This announcement must be read in conjunction with the Tender
and Consent Memorandum.
This announcement does not constitute an offer to sell or buy or
the solicitation of an offer to sell or buy the Notes or PPS.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants
that: (i) the releases contained herein are protected by copyright
and other applicable laws; and (ii) they are solely responsible for
the content, accuracy and originality of the information contained
therein.
Source: Allied Irish Banks, p.l.c. via Thomson Reuters ONE
[HUG#1533186]
For information by telephone: +44 20 7704 0880 For information
by facsimile: +44 20 7067 9098 Attention: Yves Theis / David
Shilson Email: Email Contact
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