TIDMAIBG
RNS Number : 2466Z
AIB Group PLC
13 December 2017
13 December 2017
AIB GROUP PLC ("AIB" or "the Company")
Notification of Transactions of Persons Discharging Managerial
Responsibility and their Persons Closely Associated
As announced on 11 December 2017, the Company became the holding
company of the AIB group on 8 December 2017 by means of a scheme of
arrangement of Allied Irish Banks, p.l.c. ("AIB plc") under Chapter
1 of Part 9 of the Companies Act 2014 (and a related reduction of
capital of AIB plc) (the "Scheme").
Under the terms of the Scheme, ordinary shares and/or any
interests in ordinary shares in AIB plc held by Persons Discharging
Managerial Responsibility ("PDMRs") and Persons Closely Associated
with PDMRs ("PCAs") of AIB plc were, in effect, exchanged on a one
for one basis for ordinary shares and/or interests in ordinary
shares in the Company. Accordingly, there is no change to the
number of ordinary shares and/or interests in ordinary shares in
the Company held by such persons as against the number of ordinary
shares and/or interests in ordinary shares held in AIB plc
immediately before the Scheme became effective.
Copies of the formal notifications received by the Company from
its PDMRs and, where applicable, their PCAs are attached to this
announcement. As at the time of receipt of the relevant
notifications, the nominal value of the Company's ordinary shares
was EUR2.47. However, as announced earlier today, the High Court of
Ireland has approved the reduction of the nominal value of the
Company's ordinary shares from EUR2.47 to EUR0.625. That reduction
will become effective when the High Court order and minute are
registered with the Companies Registration Office, however, such
reduction will not of itself otherwise affect the information set
out in the notifications.
- Ends -
For further information, please contact:
Sarah McLaughlin Niamh Hore Orla Bird
Group Company Investor Relations Head of Communications
Secretary AIB Bankcentre AIB Bankcentre
AIB Bankcentre Dublin Dublin
Dublin Tel: +353-1-6411817 Tel: +353-1-6415375
Tel: +353-1-6414489 email: email:
email: niamh.a.hore@aib.ie orla.c.bird@aib.ie
sarah.j.mclaughlin@aib.ie
1. Details of the person discharging managerial
responsibilities
---------------------------------------------------------------------
Name: Richard Pym
-------------------------------- -----------------------------------
2. Reason for the notification
---------------------------------------------------------------------
Position/status Non-Executive Chairman
-------------------------------- -----------------------------------
Initial notification/amendments Initial Notification
-------------------------------- -----------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---------------------------------------------------------------------
Name of legal entity AIB Group plc
-------------------------------- -----------------------------------
Legal Entity Identifier 635400AKJBGNS5WNQL34
code
-------------------------------- -----------------------------------
4. Details of the transaction(s)
---------------------------------------------------------------------
Description of Ordinary share of EUR2.47 each
financial instrument,
type of instrument
-------------------------------- -----------------------------------
Identification IE00BF0L3536
code
-------------------------------- -----------------------------------
Nature of transaction Issuance of shares in connection
with the cancellation of ordinary
shares in Allied Irish Banks,
p.l.c. pursuant to the Scheme
of Arrangement which came into
effect on 8(th) December 2017.
-------------------------------- -----------------------------------
Currency EUR
-------------------------------- -----------------------------------
Price and volume Price Volume
---------------------- -------
Exchange ratio
applicable under
the terms of
the Scheme of
Arrangement whereby
shares held in
Allied Irish
Banks, p.l.c.
were in effect
exchanged, on
a one-for-one
basis, for shares
in AIB Group
plc. 2,000
---------------------- -------
-------------------------------- -----------------------------------
Aggregated information N/A
-------------------------------- -----------------------------------
Date of transaction 2017-12-08
-------------------------------- -----------------------------------
Place of transaction Outside of trading venue. Shares
issued pursuant to a Scheme
of Arrangement.
-------------------------------- -----------------------------------
1. Details of the person discharging managerial
responsibilities
---------------------------------------------------------------------
Name: Simon Ball
-------------------------------- -----------------------------------
2. Reason for the notification
---------------------------------------------------------------------
Position/status Non-Executive Director
-------------------------------- -----------------------------------
Initial notification/amendments Initial Notification
-------------------------------- -----------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---------------------------------------------------------------------
Name of legal entity AIB Group plc
-------------------------------- -----------------------------------
Legal Entity Identifier 635400AKJBGNS5WNQL34
code
-------------------------------- -----------------------------------
4. Details of the transaction(s)
---------------------------------------------------------------------
Description of Ordinary share of EUR2.47 each
financial instrument,
type of instrument
-------------------------------- -----------------------------------
Identification IE00BF0L3536
code
-------------------------------- -----------------------------------
Nature of transaction Issuance of shares in connection
with the cancellation of ordinary
shares in Allied Irish Banks,
p.l.c. pursuant to the Scheme
of Arrangement which came into
effect on 8(th) December 2017.
-------------------------------- -----------------------------------
Currency EUR
-------------------------------- -----------------------------------
Price and volume Price Volume
-------------------- -------
Exchange ratio
applicable under
the terms of
the Scheme of
Arrangement
whereby shares
held in Allied
Irish Banks,
p.l.c. were
exchanged, on
a one-for-one
basis, for shares
in AIB Group
plc. 5,000
-------------------- -------
-------------------------------- -----------------------------------
Aggregated information N/A
-------------------------------- -----------------------------------
Date of transaction 2017-12-08
-------------------------------- -----------------------------------
Place of transaction Outside of trading venue. Shares
issued pursuant to a Scheme
of Arrangement.
-------------------------------- -----------------------------------
1. Details of the person discharging managerial
responsibilities
---------------------------------------------------------------------
Name: Mark Bourke
-------------------------------- -----------------------------------
2. Reason for the notification
---------------------------------------------------------------------
Position/status Chief Financial Officer
-------------------------------- -----------------------------------
Initial notification/amendments Initial Notification
-------------------------------- -----------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---------------------------------------------------------------------
Name of legal entity AIB Group plc
-------------------------------- -----------------------------------
Legal Entity Identifier 635400AKJBGNS5WNQL34
code
-------------------------------- -----------------------------------
4. Details of the transaction(s)
---------------------------------------------------------------------
Description of Ordinary share of EUR2.47 each
financial instrument,
type of instrument
-------------------------------- -----------------------------------
Identification IE00BF0L3536
code
-------------------------------- -----------------------------------
Nature of transaction Issuance of shares in connection
with the cancellation of ordinary
shares in Allied Irish Banks,
p.l.c. pursuant to the Scheme
of Arrangement which came into
effect on 8(th) December 2017.
-------------------------------- -----------------------------------
Currency EUR
-------------------------------- -----------------------------------
Price and volume Price Volume
----------------------- -------
Exchange ratio
applicable under
the terms of
the Scheme of
Arrangement
whereby shares
held in Allied
Irish Banks,
p.l.c. were
in effect exchanged,
on a one-for-one
basis, for shares
in AIB Group
plc. 2,000
----------------------- -------
-------------------------------- -----------------------------------
Aggregated information N/A
-------------------------------- -----------------------------------
Date of transaction 2017-12-08
-------------------------------- -----------------------------------
Place of transaction Outside of trading venue. Shares
issued pursuant to a Scheme
of Arrangement.
-------------------------------- -----------------------------------
1. Details of the person discharging managerial
responsibilities
---------------------------------------------------------------------
Name: Bernard Byrne
-------------------------------- -----------------------------------
2. Reason for the notification
---------------------------------------------------------------------
Position/status Chief Executive Office
-------------------------------- -----------------------------------
Initial notification/amendments Initial Notification
-------------------------------- -----------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---------------------------------------------------------------------
Name of legal entity AIB Group plc
-------------------------------- -----------------------------------
Legal Entity Identifier 635400AKJBGNS5WNQL34
code
-------------------------------- -----------------------------------
4. Details of the transaction(s)
---------------------------------------------------------------------
Description of Ordinary share of EUR2.47 each
financial instrument,
type of instrument
-------------------------------- -----------------------------------
Identification IE00BF0L3536
code
-------------------------------- -----------------------------------
Nature of transaction Issuance of shares in connection
with the cancellation of ordinary
shares in Allied Irish Banks,
p.l.c. pursuant to the Scheme
of Arrangement which came into
effect on 8(th) December 2017.
-------------------------------- -----------------------------------
Currency EUR
-------------------------------- -----------------------------------
Price and volume Price Volume
----------------------- -------
Exchange ratio
applicable under
the terms of
the Scheme of
Arrangement
whereby shares
held in Allied
Irish Banks,
p.l.c. were
in effect exchanged,
on a one-for-one
basis, for shares
in AIB Group
plc. 2,000
----------------------- -------
-------------------------------- -----------------------------------
Aggregated information N/A
-------------------------------- -----------------------------------
Date of transaction 2017-12-08
-------------------------------- -----------------------------------
Place of transaction Outside of trading venue. Shares
issued pursuant to a Scheme
of Arrangement.
-------------------------------- -----------------------------------
1. Details of the person discharging managerial
responsibilities
---------------------------------------------------------------------
Name: Thomas (Tom) Foley
-------------------------------- -----------------------------------
2. Reason for the notification
---------------------------------------------------------------------
Position/status Non-Executive Director
-------------------------------- -----------------------------------
Initial notification/amendments Initial Notification
-------------------------------- -----------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---------------------------------------------------------------------
Name of legal entity AIB Group plc
-------------------------------- -----------------------------------
Legal Entity Identifier 635400AKJBGNS5WNQL34
code
-------------------------------- -----------------------------------
4. Details of the transaction(s)
---------------------------------------------------------------------
Description of Ordinary share of EUR2.47 each
financial instrument,
type of instrument
-------------------------------- -----------------------------------
Identification IE00BF0L3536
code
-------------------------------- -----------------------------------
Nature of transaction Issuance of shares in connection
with the cancellation of ordinary
shares in Allied Irish Banks,
p.l.c. pursuant to the Scheme
of Arrangement which came into
effect on 8(th) December 2017.
-------------------------------- -----------------------------------
Currency EUR
-------------------------------- -----------------------------------
Price and volume Price Volume
-------------------- -------
Exchange ratio
applicable under
the terms of
the Scheme of
Arrangement
whereby shares
held in Allied
Irish Banks,
p.l.c. were
exchanged, on
a one-for-one
basis, for shares
in AIB Group
plc. 2,501
-------------------- -------
-------------------------------- -----------------------------------
Aggregated information N/A
-------------------------------- -----------------------------------
Date of transaction 2017-12-08
-------------------------------- -----------------------------------
Place of transaction Outside of trading venue. Shares
issued pursuant to a Scheme
of Arrangement.
-------------------------------- -----------------------------------
1. Details of the person discharging managerial
responsibilities
---------------------------------------------------------------------
Name: Peter Hagan
-------------------------------- -----------------------------------
2. Reason for the notification
---------------------------------------------------------------------
Position/status Non-Executive Director
-------------------------------- -----------------------------------
Initial notification/amendments Initial Notification
-------------------------------- -----------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---------------------------------------------------------------------
Name of legal entity AIB Group plc
-------------------------------- -----------------------------------
Legal Entity Identifier 635400AKJBGNS5WNQL34
code
-------------------------------- -----------------------------------
4. Details of the transaction(s)
---------------------------------------------------------------------
Description of Ordinary share of EUR2.47 each
financial instrument,
type of instrument
-------------------------------- -----------------------------------
Identification IE00BF0L3536
code
-------------------------------- -----------------------------------
Nature of transaction Issuance of shares in connection
with the cancellation of ordinary
shares in Allied Irish Banks,
p.l.c. pursuant to the Scheme
of Arrangement which came into
effect on 8(th) December 2017.
-------------------------------- -----------------------------------
Currency EUR
-------------------------------- -----------------------------------
Price and volume Price Volume
-------------------- -------
Exchange ratio
applicable under
the terms of
the Scheme of
Arrangement
whereby shares
held in Allied
Irish Banks,
p.l.c. were
exchanged, on
a one-for-one
basis, for shares
in AIB Group
plc. 8,000
-------------------- -------
-------------------------------- -----------------------------------
Aggregated information N/A
-------------------------------- -----------------------------------
Date of transaction 2017-12-08
-------------------------------- -----------------------------------
Place of transaction Outside of trading venue. Shares
issued pursuant to a Scheme
of Arrangement.
-------------------------------- -----------------------------------
1. Details of the person discharging managerial
responsibilities and person closely associated
---------------------------------------------------------------------
Name: Carolan Lennon and Sean Wickham
-------------------------------- -----------------------------------
2. Reason for the notification
---------------------------------------------------------------------
Position/status Carolan Lennon, Non-Executive
Director
Sean Wickham, Person Closely
Associated [Spouse] to Carolan
Lennon, Non-Executive Director
-------------------------------- -----------------------------------
Initial notification/amendments Initial Notification
-------------------------------- -----------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---------------------------------------------------------------------
Name of legal entity AIB Group plc
-------------------------------- -----------------------------------
Legal Entity Identifier 635400AKJBGNS5WNQL34
code
-------------------------------- -----------------------------------
4. Details of the transaction(s)
---------------------------------------------------------------------
Description of Ordinary share of EUR2.47 each
financial instrument,
type of instrument
-------------------------------- -----------------------------------
Identification IE00BF0L3536
code
-------------------------------- -----------------------------------
Nature of transaction Issuance of shares in connection
with the cancellation of ordinary
shares in Allied Irish Banks,
p.l.c. pursuant to the Scheme
of Arrangement which came into
effect on 8(th) December 2017.
-------------------------------- -----------------------------------
Currency EUR
-------------------------------- -----------------------------------
Price and volume Price Volume
----------------------- -------
Exchange ratio
applicable under
the terms of
the Scheme of
Arrangement
whereby shares
held in Allied
Irish Banks,
p.l.c. were
in effect exchanged,
on a one-for-one
basis, for shares
in AIB Group
plc. 2,000
----------------------- -------
-------------------------------- -----------------------------------
Aggregated information N/A
-------------------------------- -----------------------------------
Date of transaction 2017-12-08
-------------------------------- -----------------------------------
Place of transaction Outside of trading venue. Shares
issued pursuant to a Scheme
of Arrangement.
-------------------------------- -----------------------------------
Additional information These shares were purchased
jointly in the account name,
Carolan Lennon and Sean Wickham
-------------------------------- -----------------------------------
1. Details of the person discharging managerial
responsibilities
---------------------------------------------------------------------
Name: Brendan McDonagh
-------------------------------- -----------------------------------
2. Reason for the notification
---------------------------------------------------------------------
Position/status Non-Executive Director
-------------------------------- -----------------------------------
Initial notification/amendments Initial Notification
-------------------------------- -----------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---------------------------------------------------------------------
Name of legal entity AIB Group plc
-------------------------------- -----------------------------------
Legal Entity Identifier 635400AKJBGNS5WNQL34
code
-------------------------------- -----------------------------------
4. Details of the transaction(s)
---------------------------------------------------------------------
Description of Ordinary share of EUR2.47 each
financial instrument,
type of instrument
-------------------------------- -----------------------------------
Identification IE00BF0L3536
code
-------------------------------- -----------------------------------
Nature of transaction Issuance of shares in connection
with the cancellation of ordinary
shares in Allied Irish Banks,
p.l.c. pursuant to the Scheme
of Arrangement which came into
effect on 8(th) December 2017.
-------------------------------- -----------------------------------
Currency EUR
-------------------------------- -----------------------------------
Price and volume Price Volume
----------------------- -------
Exchange ratio
applicable under
the terms of
the Scheme of
Arrangement
whereby shares
held in Allied
Irish Banks,
p.l.c. were
in effect exchanged,
on a one-for-one
basis, for shares
in AIB Group
plc. 10,000
----------------------- -------
-------------------------------- -----------------------------------
Aggregated information N/A
-------------------------------- -----------------------------------
Date of transaction 2017-12-08
-------------------------------- -----------------------------------
Place of transaction Outside of trading venue. Shares
issued pursuant to a Scheme
of Arrangement.
-------------------------------- -----------------------------------
1. Details of the person closely associated
with person discharging managerial responsibilities
---------------------------------------------------------------------
Name: Michael Warren-Smith
-------------------------------- -----------------------------------
2. Reason for the notification
---------------------------------------------------------------------
Position/status Person Closely Associated [Spouse]
to Helen Normoyle, Non-Executive
Director
-------------------------------- -----------------------------------
Initial notification/amendments Initial Notification
-------------------------------- -----------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---------------------------------------------------------------------
Name of legal entity AIB Group plc
-------------------------------- -----------------------------------
Legal Entity Identifier 635400AKJBGNS5WNQL34
code
-------------------------------- -----------------------------------
4. Details of the transaction(s)
---------------------------------------------------------------------
Description of Ordinary share of EUR2.47 each
financial instrument,
type of instrument
-------------------------------- -----------------------------------
Identification IE00BF0L3536
code
-------------------------------- -----------------------------------
Nature of transaction Issuance of shares in connection
with the cancellation of ordinary
shares in Allied Irish Banks,
p.l.c. pursuant to the Scheme
of Arrangement which came into
effect on 8(th) December 2017.
-------------------------------- -----------------------------------
Currency EUR
-------------------------------- -----------------------------------
Price and volume Price Volume
----------------------- -------
Exchange ratio
applicable under
the terms of
the Scheme of
Arrangement
whereby shares
held in Allied
Irish Banks,
p.l.c. were
in effect exchanged,
on a one-for-one
basis, for shares
in AIB Group
plc. 2,000
----------------------- -------
-------------------------------- -----------------------------------
Aggregated information N/A
-------------------------------- -----------------------------------
Date of transaction 2017-12-08
-------------------------------- -----------------------------------
Place of transaction Outside of trading venue. Shares
issued pursuant to a Scheme
of Arrangement.
-------------------------------- -----------------------------------
1. Details of the person discharging managerial
responsibilities
---------------------------------------------------------------------
Name: Catherine Woods
-------------------------------- -----------------------------------
2. Reason for the notification
---------------------------------------------------------------------
Position/status Senior Independent Non-Executive
Director
-------------------------------- -----------------------------------
Initial notification/amendments Initial Notification
-------------------------------- -----------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---------------------------------------------------------------------
Name of legal entity AIB Group plc
-------------------------------- -----------------------------------
Legal Entity Identifier 635400AKJBGNS5WNQL34
code
-------------------------------- -----------------------------------
4. Details of the transaction(s)
---------------------------------------------------------------------
Description of Ordinary share of EUR2.47 each
financial instrument,
type of instrument
-------------------------------- -----------------------------------
Identification IE00BF0L3536
code
-------------------------------- -----------------------------------
Nature of transaction Issuance of shares in connection
with the cancellation of ordinary
shares in Allied Irish Banks,
p.l.c. pursuant to the Scheme
of Arrangement which came into
effect on 8(th) December 2017.
-------------------------------- -----------------------------------
Currency EUR
-------------------------------- -----------------------------------
Price and volume Price Volume
----------------------- -------
Exchange ratio
applicable under
the terms of
the Scheme of
Arrangement
whereby shares
held in Allied
Irish Banks,
p.l.c. were
in effect exchanged,
on a one-for-one
basis, for shares
in AIB Group
plc. 24,000
----------------------- -------
-------------------------------- -----------------------------------
Aggregated information N/A
-------------------------------- -----------------------------------
Date of transaction 2017-12-08
-------------------------------- -----------------------------------
Place of transaction Outside of trading venue. Shares
issued pursuant to a Scheme
of Arrangement.
-------------------------------- -----------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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