AIB announces its intention to delist from the NYSE
August 04 2011 - 12:07PM
Marketwired
For Immediate Release 4th August 2011
Allied Irish Banks, p.l.c. announces its intention to delist
from the NYSE
Allied Irish Banks, p.l.c. ("AIB") [NYSE:AIB] announces that its
Board of Directors has resolved to delist its American Depositary
Shares (ADSs), each representing ten ordinary shares, par value
EUR0.01 per share, from the New York Stock Exchange (NYSE),
terminate the deposit agreement with The Bank of New York Mellon as
depositary (the Depositary) governing the ADSs (the Deposit
Agreement) and, in due course, terminate the registration of AIB's
securities with the US Securities and Exchange Commission (the SEC)
under the US Securities Exchange Act of 1934 (the Exchange Act), in
each case after the completion of the required legal steps.
The Board of Directors made the decision in light of the
increase in the Irish Government's shareholding (through the
National Pension Reserve Fund Commission) to 99.8% on 27 July 2011,
and the savings in costs and administrative efforts that would
result from the delisting and any subsequent deregistration under
the Exchange Act.
AIB plans to file the related Form 25 with the SEC on or about
15 August 2011. AIB expects the delisting to become effective at
the close of business on or about 25 August 2011, from which time
AIB's ADSs will no longer be traded on the NYSE. Concurrently with
or following delisting, AIB intends to terminate the ADS facility
by terminating the ADS deposit agreement between AIB and the
Depositary. The Depositary will contact ADS holders in due course
with further information, including with regard to any further
action to be taken.
In due course, AIB also intends to deregister its securities and
terminate its obligations under the Exchange Act by filing a Form
15F. AIB's aim is to meet the applicable criteria for
deregistration of its securities.
AIB reserves the right, for any reason, to delay these filings
or to withdraw them prior to their effectiveness.
AIB has not arranged for listing and/or registration on another
US national securities exchange or for quotation of its securities
in a US quotation medium, but expects that, after delisting the
ADSs, its ordinary shares will continue to trade on the Enterprise
Securities Market of the Irish Stock Exchange. Information required
to be made available pursuant to Rule 12g3-2(b) under the Exchange
Act will be made available on AIB's website at
www.aibgroup.com.
- ENDS -
Forward-Looking Statements This announcement may contain
"forward-looking statements", which can be identified by the fact
that they do not relate only to historical or current facts. All
statements other than statements of historical fact are, or may be
deemed to be, forward-looking statements and speak only as of the
date of this announcement. AIB expressly disclaims any obligation
or undertaking to publicly release any announcements or revisions
to any forward-looking statement contained in this announcement
with regard to any change in events, conditions or circumstances on
which any such statement is based.
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#1536403]
For further information, please contact: Alan Kelly Director of
Corporate Affairs & Marketing AIB Group Dublin Tel: ?1-6412162
email: Email Contact Ronan Sheridan Press Officer AIB Group Dublin
Tel: ?1-6414651 email: Email Contact
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