Donating Small Shareholdings
Donating your shares to ShareGift
Since 2018 AIB has been working with a charitable organisation called ShareGift, to facilitate shareholders who wish to gift their shares or dividends to charity.
ShareGift accepts donations from Irish based shareholders and receives donations of shares and cash entitlements in Irish companies. These proceeds are distributed by The Community Foundation for Ireland, who administer the fund, and make donations to the charities chosen on behalf of Sharegift.
Since 2016, Sharegift have made donations totalling in excess of €1 million to charities including Barretstown, Focus Ireland, Irish Cancer Society, ISPCA, The Community Foundation for Ireland, Youth Work Ireland, LauraLynn and Special Olympics Ireland.
Completion of ShareGift Transfer Forms
To complete the ShareGift forms you will need to know the exact name and address in which the shares are registered and the Shareholder Reference Number. These details can be found on your share certificate.
If you are unsure of these details or, should you have any questions about the forms or your shareholding in general please contact our Registrar Computershare Investor Services (Ireland) Limited, PO Box 13030, Dublin 24, Ireland or on +353 (0)1 247 5411.
What are my options?
Option A: Donate your share(s) by way of share transfer.
By filling out the ShareGift Transfer / Indemnity Form you will be transferring your shareholding in AIB Group plc to ShareGift. A fillable version of the ShareGift Transfer Form is available below. The share(s) will then be sold by ShareGift and the funds from that sale added to a charitable fund for donation to the 8 Irish charities listed above.
You will have no future rights attaching to the share(s) you choose to transfer for donation, including any rights to future dividends or shareholder communications.
If you wish to pursue this option, please complete the ShareGift Transfer / Indemnity Form and return it, together with your share certificate(s), to Computershare at the address set out above. Following completion of the transfer, you will receive a letter from Computershare confirming the transfer of your shareholding.
If your share certificate(s) is lost or destroyed, you can still use ShareGift Transfer / Indemnity Form and simply complete the Lost Certificate box at the bottom of the second page.
Option B: Donate your future dividends by completing a ShareGift Payment Instruction Form.
If you wish to pursue this option, please contact Computershare to request a ShareGift Dividend Payment Instruction Form. Computershare will then provide you with pre-populated personalised documentation for completion and a prepaid envelope to return your documents to them. Following completion of the payment redirection, you will receive a letter from Computershare confirming the change to your payment information.
By filling out the ShareGift Dividend Payment Instruction Form, all future dividend payments will be redirected to ShareGift and then added to a charitable fund for donation to the identified charities.
On choosing this option, you will remain a shareholder of AIB Group plc and will continue to receive shareholder related communications. You will not however receive any future dividend payments, unless you revoke the Dividend Payment Redirection Instruction. Should you wish to revoke the Dividend Payment Redirection Instruction at any time you should contact Computershare.
What are the tax implications?
We advise that all shareholders seek their own tax advice prior to taking any action. More information on gifting shares to charity and further tax information is available from the Revenue Commissioners on www.revenue.ie or from the relevant tax authority in your jurisdiction.
Option C (Default Option): Take no action and retain ownership of your share(s) and future dividends.