AIB Group PLC Rectification to previous PDMR Notification (0242E)

TIDMAIBG

RNS Number : 0242E

AIB Group PLC

06 February 2018

AIB GROUP PLC (the "Company")

RECTIFICATION OF PREVIOUS NOTIFICATION OF TRANSACTIONS BY

PERSON DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRs")

On 31 July 2017, Allied Irish Banks, p.l.c. ("AIB Bank") announced via the Regulatory News Service ("RNS") that it had been notified by the PDMR detailed below of transactions in the ordinary shares of EUR0.625 each in AIB Bank. Furthermore on 13 December 2017, AIB Group plc announced via RNS that ordinary shares and/or any interests in ordinary shares in AIB Bank held by PDMRs and Persons Closely Associated with PDMRs ("PCAs") of AIB Bank were, in effect, exchanged on a one for one basis for ordinary shares and/or interests in ordinary shares in AIB Group plc under the terms of a scheme of arrangement detailed further below.

 
 Name                                  Number              Purchase          Total Number 
               Date of Notification     of shares           price per         of Shares 
               to the Company           purchased           share (shown      Held Following 
               (the Company                                 in the currency   Transaction 
               being AIB                                    purchased 
               Bank per                                     as at the 
               notification                                 date of 
               on 31 July                                   purchase 
               2017 and                                     being 28 
               AIB Group                                    July 2017) 
               plc per notification 
               on 13 December 
               2017) 
-----------  -----------------------  ------------------  -----------------  --------------- 
 Catherine 
  Woods      28 July 2017                                  EUR4.9322         24,000 
    24,000 
     (the "Shares") 
  ------------------------------------------------------  -----------------  --------------- 
 

The purpose of this notification is to rectify the public record to accurately reflect that the aforementioned purchase of 24,000 shares was in fact made through a joint account held in the name of Mrs Catherine Woods and Mr James (Jim) Woods, who is an identified person closely associated ("PCA") to Mrs Woods, rather than in Mrs Woods' sole name.

The table below reflects the correct transaction details:

 
 Name(s)                                 Number       Purchase          Total Number 
                 Date of initial          of shares    price per         of Shares 
                 Notification             purchased    share (shown      Held Following 
                 to the Company                        in the currency   Transaction 
                 (the Company                          purchased 
                 being AIB                             as at the 
                 Bank per                              date of 
                 notification                          initial 
                 on 31 July                            purchase 
                 2017 and                              being 28 
                 AIB Group                             July 2017) 
                 plc per notification 
                 on 13 December 
                 2017) 
-------------  -----------------------  -----------  -----------------  --------------- 
 Catherine 
  Woods 
  and James 
  (Jim) 
  Woods 
  (purchased 
  jointly)     28 July 2017              24,000       EUR4.9322         24,000 
-------------  -----------------------  -----------  -----------------  --------------- 
 

For clarity, the Shares were originally purchased in AIB Bank. As previously announced via RNS, AIB Group plc was introduced as the holding company of AIB Bank and its subsidiaries (the "AIB Group") by way of a scheme of arrangement which became effective at 6 p.m. on Friday, 8 December 2017 (the "Scheme"). In accordance with the terms of the Scheme, AIB Bank shareholders were issued with one share in AIB Group plc for every share held in AIB Bank at 6 p.m. on Friday, 8 December 2017. With effect from 8.00 a.m., Monday 11 December 2017, the entire issued ordinary share capital of AIB Group plc was admitted to the primary listing segment of the Official List of the Irish Stock Exchange and to the premium listing segment of the Official List of the FCA and to trading on the Irish Stock Exchange's main securities market and the London Stock Exchange's main market for listed securities. Pursuant to the Scheme, the Shares held by Mr and Mrs Woods in AIB Bank became shares held in AIB Group plc.

Details of the transactions are included in the individual disclosure are set out below.

-ENDS-

For further information, please contact:

 
Sarah McLaughlin            Stephen O'Shea / Paddy McDonnell 
Group Company Secretary     Corporate Affairs 
AIB Bankcentre              AIB Bankcentre 
Dublin                      Dublin 
Tel: [phone]         Tel: [phone] 
email:                      email: stephen.p.o'[e-mail] 
 [e-mail]   [e-mail] 
 

The notifications below are required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse ("Market Abuse Regulation").

 
 
 1. Details of the person discharging managerial 
  responsibilities and person closely associated 
-------------------------------------------------------------------------- 
 Name:                             Catherine Woods and James (Jim) 
                                    Woods 
--------------------------------  ---------------------------------------- 
 2. Reason for the notification 
-------------------------------------------------------------------------- 
 Position/status                   Catherine Woods - Senior Independent 
                                    Non-Executive Director and 
                                    PDMR 
                                    James (Jim) Woods - PCA to 
                                    Catherine Woods (spouse) 
--------------------------------  ---------------------------------------- 
 Initial notification/amendments   Amendment to previous RNS announcements 
                                    made on 31 July 2017 and 13 
                                    December 2017 
--------------------------------  ---------------------------------------- 
 3. Details of the issuer, emission allowance 
  market participant, auction platform, auctioneer 
  or auction monitor 
-------------------------------------------------------------------------- 
 Name of legal entity              AIB Group plc 
--------------------------------  ---------------------------------------- 
 Legal Entity Identifier           635400AKJBGNS5WNQL34 
  code 
--------------------------------  ---------------------------------------- 
 4. Details of the transaction(s) 
-------------------------------------------------------------------------- 
 Description of                    ordinary shares of EUR0.625 
  financial instrument,             each 
  type of instrument 
--------------------------------  ---------------------------------------- 
 Identification                    IE00BF0L3536 
  code 
--------------------------------  ---------------------------------------- 
 Nature of transaction             Purchase of shares 
--------------------------------  ---------------------------------------- 
 Currency                          EUR 
--------------------------------  ---------------------------------------- 
 Price and volume                   Price       Volume 
                                    ----------  ------- 
                                     EUR4.9322   24,000 
                                    ----------  ------- 
--------------------------------  ---------------------------------------- 
 Aggregated information             Price       Volume   Stock Exchange 
                                                           Location 
                                    ----------  -------  --------------- 
                                     EUR4.9081   14,390   London 
                                    ----------  -------  --------------- 
                                     EUR4.9346   9,610    Dublin 
                                    ----------  -------  --------------- 
--------------------------------  ---------------------------------------- 
 Date of transaction               28 July 2017 
--------------------------------  ---------------------------------------- 
 Place of transaction              Dublin Stock Exchange (XDUB) 
                                    London Stock Exchange (XLON) 
--------------------------------  ---------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 06, 2018 04:22 ET (09:22 GMT)