Date/Time: Thursday, 2 May 2024 at 10 a.m.
Venue: 10 Molesworth Street, Dublin 2, Ireland and via live conference facility (listen only).
Issued Shares and Total Voting Rights: The total number of issued ordinary shares in the AIB Group plc on the date of the Notice of AGM is 2,618,753,655. The ISIN for AIB Group plc’s Ordinary Shares is IE00BF0L3536.
AGM Unique Identifier Code: CA000003385982
Poll Results – AGM May 2024
Letter from the Chair and Notice of the 2024 Annual General Meeting and Proposed adoption of a mechanism to permit an Odd-lot Offer to Shareholders (“AGM Notice”)
Form of Proxy, AGM 2024
AIB Group plc Annual Financial Report 2023
Directed Buyback Contract
Odd-lot Offer Frequently Asked Questions
Proposed Odd-lot Offer Purchase Contract
AIB Group plc, Memorandum and Articles of Association
Proposed Amendments to the AIB Group plc, Memorandum and Articles of Association
Odd-lot offer
AIB is proposing a resolution at its AGM that would allow the bank to make an offer to small shareholders (those with 20 shares or less) to sell their shares to the Group at a 5% premium to the market price without incurring any dealing or other costs. We have received requests from small shareholders for such an offer as the value of their shares is less than the cost of disposing of them when dealing costs are factored in. Small shareholders who wish to retain their shares are welcome to do so if they so choose.
As a result of the recapitalisation of AIB following the financial crisis we have a share register with an unusually large number of small shareholders. 89% of our shareholders are small shareholders with 20 or fewer ordinary shares comprising approximately 0.01% of the total number of ordinary shares in issue.
If resolutions 14 to 16 are passed at the AGM on 2 May, AIB will be able to make these small shareholders an offer to buy their shares at a premium of up to 5% over the existing share price at any time over the next 18 months without the dealing costs that would otherwise make selling these shares uneconomic. We have written to these shareholders explaining this proposal in our AGM notice. If these resolutions are passed, we expect to write to these shareholders in due course if the Board proceeds with the Odd-lot Offer.
More detailed technical information can be found here.