Allied Irish Banks PLC SLO Repurchase Announcement

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: XS0214107053)	£1,000,000	£136,000
€500,000,000 Callable Subordinated Step-Up Floating Rate Notes due 2035 (ISIN: XS0232498393)	€24,985,000	€300,000
£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.

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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: [e-mail]            email: [e-mail]

 

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