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Share Name Share Symbol Market Type Share ISIN Share Description
Perm Tsb Grp LSE:IL0A London Ordinary Share IE00BWB8X525 ORD EUR0.50
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.031 € -1.94% 1.571 € 1.55 € 1.592 € 1.56 € 1.55 € 1.552 € 21,943 16:35:19
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 0.00

Perm Tsb Grp Share Discussion Threads

Chat Pages: 1
It should not be too long before we hear from the Court of Justice of the European Union. I am guessing next month.
The opinion of the advocate general of the CJEU was out on 22 June. AG Wahl raised some matter of interest regarding our case. In his opinion, Mr Wahl said it is legal for the Irish Government to intervene in recapitalising PTSB in 2011 without the permission of the shareholders. BUT the manner the Irish Finance Minister, Mr Noonan went about it that will be thoroughly investigated. The opinion of the advocate generals are often accepted and reflected in CJEU final rulings. This may sound confusing: By Law, The Irish Government does NOT need shareholders permission to intervene in a company that threatened its economy BUT its action in intervention must not breach shareholders rights like pre-emptions, nominal values, capital increases etc. The question many are asking is how/why can the government then breach shareholders rights if they are allowed to act without shareholders permission. That is for CJEU to decide and that is why they are paid fortune to entangled legal puzzles. It is like a Police having the power to force entry into your house on suspicion of crime. But you are entitled to compensation if you can prove that the Police caused damages or loss of your items or properties. If you bought shares in IPM before 27 July 2011, you could be entitled to generous compensation depending on the number of shares you bought.
Chat Pages: 1
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