TIDMIL0A

RNS Number : 5008P

Permanent TSB Group Holdings PLC

18 November 2016

Statement by Permanent TSB Group Holdings plc

Headline: Sale completed of Non-Core UK loans.

18 November 2016.

On the 27(th) October 2016, Permanent TSB Group Holdings plc announced details of an agreement with an affiliate of Cerberus Capital Management, L.P. for the disposal of circa GBPGBP2.29 billion of loans held by the Group's UK subsidiary, Lansdowne 199 Ltd.

Permanent TSB Group Holdings confirms that the sale of these assets has now completed and settled in line with the terms set out in the disclosure of the 27 October 2016.

End.

Contacts

 
 Investors and Analysts              Media 
  Rajesh Manirajan                    Ray Gordon 
  Head of Investor Relations          Gordon MRM 
  rajesh.manirajan@permanenttsb.ie    ptsb@gordonmrm.ie 
  +353 1 669 5622                     +353 87 241 7373

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

November 18, 2016 05:00 ET (10:00 GMT)

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