DILUTION UPDATE. [AIB - Capital Raising Update
Allied Irish (NYSE:AIB)
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Today : Wednesday 27 July 2011
Allied Irish Banks, p.l.c. ("AIB") (NYSE: AIB) announces that, further to its announcement on 1 July 2011, and following the approval by AIB shareholders of all resolutions at the extraordinary general meeting on 26 July 2011 required to implement AIB's capital raising (as announced on 1 July 2011), it has today issued 500,000,000,000 Ordinary Shares of EUR0.01 each (following renominalisation of AIB's Ordinary Shares from EUR0.32 each to EUR0.01 each (the "Renominalisation")) to the National Pensions Reserve Fund Commission (the "NPRFC") at a subscription price of EUR0.01 per share (the "Placing") and EUR1.6 billion of contingent capital notes at par to the Minister for Finance (the "Minister") (the "Contingent Capital Notes Issue"), raising in aggregate proceeds of EUR6.6 billion (together, the "Capital Raising").
In addition, further to its announcement on 13 May 2011, AIB has issued today an additional 762,370,687 new Ordinary Shares to the NPRFC in lieu of the remainder of the 2011 annual cash dividend on the 2009 Preference Shares that was deferred on 13 May 2011 (the "2011 Bonus Issue"). The 2011 Bonus Issue includes an increment of 38,118,534 new Ordinary Shares prescribed by AIB's articles of association as a result of the 2011 annual cash dividend not being satisfied in full on the due date. This represents an increase of 1,905,926 shares over the figure included in AIB's shareholder circular dated 1 July 2011 as a result of finalisation of calculations of the number of Ordinary Shares to be issued in lieu of the 2011 Bonus Issue./b]
