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AIB Group PLC - Dublin-based bank - Agrees with Irish Minister for Finance Paschal Donohoe to buy back 191.7 million shares off-market from the government, for total consideration of €1.2 billion at 626.07 euro cents each. Shareholders approved the share purchase deed between AIB and the minister at the annual general meeting on Thursday last week, and the contract was signed on Wednesday. As a result the minister will own approximately 3.3% of AIB’s issued share capital and will hold 271.2 million warrants to subscribe for shares representing around 12.7%. The warrants’ exercise price has due to the buyback reduced to €6.752 per share from €7.455. ‘This agreement with the Minister for Finance follows a €500 million directed buyback in September 2024 and a €1 billion directed buyback in May 2024,’ comments Chief Executive Officer Colin Hunt. ‘Today’s development represents another important milestone in the process of repaying the taxpayer for their support, the normalisation of the group’s share register and enhancing liquidity in AIB shares. ‘After reporting a strong performance in the first quarter, we are building great momentum in our business, supporting our 3.35 million customers, the Irish economy, and delivering significant shareholder returns.’ Current stock price: 532.00 pence, up 0.8% on Thursday afternoon in London 12-month change: up 20% Copyright 2025 Alliance News Ltd. All Rights Reserved
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