REG - Allied Irish Banks - SLO Repurchase Announcement

AIBAnnouncement

03/12/2024 16:15

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RNS Number : 6534O  Allied Irish Banks PLC  03 December 2024

THIS ANNOUNCEMENT CONTAINS INFORMATION THAT QUALIFIED AS INSIDE INFORMATION
FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014
(MAR)

Allied Irish Banks, p.l.c. announces repurchases in respect of its (i)
£500,000,000 Subordinated Callable Fixed/Floating Rate Notes due 2035 (ISIN:
XS0214107053), (ii) €500,000,000 Callable Subordinated Step-Up Floating Rate
Notes due 2035 (ISIN: XS0232498393) and (iii) £368,253,000 12.5 per cent.
Subordinated Notes due 2035 (ISIN: XS0435957682) (each a "Series" and
together, the "Notes")

3 December 2024. Allied Irish Banks, p.l.c. announces today that it has agreed
to repurchase the below aggregate nominal amount of the Notes at a discount to
par.

Such repurchases will settle on 5 December 2024. Allied Irish Banks, p.l.c.
will promptly after settlement provide for all the repurchased Notes to be
cancelled. The amount of each Series outstanding post cancellation is set out
below.

Allied Irish Banks, p.l.c. would be open to discussion with any holder of the
Notes remaining outstanding post settlement as to the potential repurchase of
such Notes.

 

 Notes                                                                          Amount Purchased  Amount outstanding following cancellation of the requested Notes
 £500,000,000 Subordinated Callable Fixed/Floating Rate Notes due 2035 (ISIN:   £1,000,000        £136,000
 XS0214107053)
 €500,000,000 Callable Subordinated Step-Up Floating Rate Notes due 2035        €24,985,000       €300,000
 (ISIN: XS0232498393)
 £368,253,000 12.5 per cent. Subordinated Notes due 2035 (ISIN: XS0435957682)   £71,505,000       £7,355,000

As at the date of this Announcement and prior to the settlement of the
purchases and the cancellation of the purchased Notes, there are

(i)                    £1,136,000 outstanding nominal
amount of the £500,000,000 Subordinated Callable Fixed/Floating Rate Notes
due 2035,

(ii)                  (ii) €25,285,000 nominal amount
outstanding of the €500,000,000 Callable Subordinated Step-Up Floating Rate
Notes due 2035 and

(iii)                 (iii) £78,860,000 nominal amount
outstanding of the 368,253,000 12.5 per cent. Subordinated Notes due 2035

 

MARKET ABUSE REGULATION

This announcement is released by Allied Irish Banks, p.l.c. and contains
information that qualified as inside information for the purposes of Article 7
of the Market Abuse Regulation (EU) 596/2014 (MAR). For the purposes of MAR
and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this
announcement is made by Mark Whelan, Head of Funding and Liquidity.

LEI: 3U8WV1YX2VMUHH7Z1Q21

DISCLAIMER No offer or invitation to acquire any Notes is being made pursuant
to this announcement. The distribution of this announcement in certain
jurisdictions may be restricted by law. Persons into whose possession this
announcement comes are required by Allied Irish Banks, p.l.c. to inform
themselves about, and to observe, any such restrictions.

 

 

Contact Details:

 

Brendan Bane
                                    Mark
Whelan

Head of Treasury
Head of Funding & liquidity

email: Brendan.j.bane@aib.ie (mailto:Brendan.j.bane@aib.ie)
            email: mark.a.whelan@aib.ie
(mailto:mark.a.whelan@aib.ie)

 

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