Result of AGM (9520G)

TIDMIPM

RNS Number : 9520G

Irish Life & Permanent Grp HldgsPLC

19 May 2011

Irish Life & Permanent Group Holdings plc.

Result of Annual General Meeting (AGM)

The directors of the Company wish to announce that each of the resolutions proposed at the AGM of the Company held on Wednesday 18(th) May 2011 were passed. The full text of each resolution was included in the notice of the AGM circulated to shareholders on 21 April, 2011.

A summary of poll results for this meeting will shortly be available on the Company's website:

http://www.irishlifepermanent.ie/investor-relations/shareholder-services /annual-general-meeting/2011.aspx

In accordance with the Irish listing rule 6.6.3 (FSA 9.6.3) the full text of all resolutions (other than resolutions concerning ordinary business) passed by the meeting is set out below:

Resolution 5

To consider and, if thought fit, to pass the following as an ordinary resolution:

That the Directors be and are hereby generally and unconditionally authorised to exercise all the powers of the Company to allot Ordinary Shares up to a maximum amount equal to an aggregate nominal value of EUR29,523,450.56 representing approximately one third of the issued ordinary share capital of the Company at the date of this notice. The power hereby conferred shall expire on the close of business on the earlier of the date of the next Annual General Meeting of the Company or 15 months from the passing of this resolution unless and to the extent that such an authority is renewed, revoked or extended prior to such date provided, however, that the Company may make, before such expiry, an offer or agreement which would or might require relevant securities to be allotted after such expiry and the Directors may allot Ordinary Shares in pursuance of any such offer or agreement as if the power conferred by this resolution had not expired. Any power conferred on the Directors to allot ordinary shares which is in force immediately before this resolution is passed shall be revoked upon the coming into effect of this resolution.

Resolution 6

To consider and, if thought fit, to pass the following as an ordinary resolution:

That the Directors be and are hereby generally and unconditionally authorised to exercise all the powers of the Company to allot up to 300,000,000 Non-Cumulative Preference Shares of EUR1 each, 100,000,000 Non-Cumulative Preference Shares of STGGBP1 each and 200,000,000 Non-Cumulative Preference Shares of US$1 each. The power hereby conferred shall expire on the close of business on the earlier of the date of the next Annual General Meeting of the Company or 15 months from the passing of this resolution unless and to the extent that such an authority is renewed, revoked or extended prior to such date provided, however, that the Company may make, before such expiry, an offer or agreement which would or might require relevant securities to be allotted after such expiry and the Directors may allot preference shares in pursuance of any such offer or agreement as if the power conferred by this resolution had not expired. Any power conferred on the Directors to allot preference shares which is in force immediately before this resolution is passed shall be revoked upon the coming into effect of this resolution.

Resolution 7

To consider and, if thought fit, to pass the following as a special resolution:

That the Directors are hereby empowered pursuant to Section 23 and Section 24(1) of the Companies (Amendment) Act, 1983 to allot equity securities within the meaning of the said Section 23 for cash subject to passing Resolution 5 above as if Section 23(1) of the said Act did not apply to any such allotment, provided that this power shall be limited to the allotment of equity securities:

(a) in connection with a rights issue, open offer or other offer in favour of ordinary shareholders where the equity securities are issued proportionately to the respective numbers of shares held by such ordinary shareholders but subject to such exclusions as the Directors may deem fit to deal with fractional entitlements or legal and practical problems arising in or in respect of any territory; and

(b) otherwise than in pursuance of (a) above, up to an aggregate nominal value of EUR4,428,517.44 (representing 5% of the issued Ordinary Share capital of the Company as at the date of this notice).

The power hereby conferred shall, unless previously renewed, revoked or varied by Special Resolution of the Company in general meeting, expire at the close of business on the earlier of the date of the next Annual General Meeting of the Company or 15 months from the passing of this resolution, save that the Company may, before such expiry, make an offer or agreement which would or might require equity securities to be allotted after such expiry and the Directors may allot equity securities in pursuance of any such offer or agreement as if the power hereby conferred had not expired. Any powers conferred on the Directors to allot equity securities in accordance with the said Sections 23 and 24(1) in force immediately before this resolution is passed shall be revoked upon the coming into effect of this resolution.

Resolution 8

To consider and, if thought fit, to pass the following as a special resolution:

That a general meeting of the Company, other than an annual general meeting or a meeting for the passing of a special resolution, may be called on not less than 14 Clear Days' notice

This information is provided by RNS

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END

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