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.
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
email: mark.a.whelan@aib.ie