Aib

Discussion in 'Stocks' started by dmt_2, Nov 9, 2009.

  1. m22au

    m22au

    AIB investor relations
    http://www.aib.ie/servlet/ContentServer?pagename=AIB_Investor_Relations/IR_Homepage

    Current shares outstanding as at 10 June 2011 is 12.245 billion shares
    as per Bloomberg:
    http://noir.bloomberg.com/apps/quote?ticker=ALBK:ID

    of these, 11.165 billion have been issued to the Irish govt since November 2010, and the govt owns over 90% of the total shares outstanding.

    However I am unaware of any plans with regards to capital raising initiatives to fulfill the requirements described above on 31 March.
    (Need to raise 11.9 billion EUR + 1.4 billion EUR contingent capital).
     
    #71     Jun 11, 2011
  2. m22au

    m22au

    AIB capital update

    23 June 2011

    http://finance.yahoo.com/news/AIB-Capital-iw-1246143767.html?x=0&.v=1

    also via http://www.aibgroup.com/servlet/Con...B_Investor_Relations/IR_Homepage&channel=IRCA

    Allied Irish Banks, p.l.c. ("AIB")(NYSE:AIB - News) announces that discussions are continuing with the Government in respect of the terms and structure of a capital raising in order to satisfy AIB's revised regulatory capital requirements following on from previously indicated capital support for AIB as one of the two Pillar Banks.

    While discussions remain ongoing it is evident to AIB that any subscription for shares by the State would likely be at a very low price, being a very significant discount relative to the current share price. If this is the case, it is likely that the State's shareholding in AIB would increase substantially beyond its current c. 93% ordinary shareholding, resulting in potentially significant additional dilution for existing ordinary shareholders other than the State. It is expected that discussions with the Government will finalise within the next week, at which point AIB expects to be in a position to announce the final terms and structure of any capital raising transaction with the State. AIB expects to remain as a listed company which will allow shareholders continue to trade their shares.
     
    #72     Jun 30, 2011