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AIB Group Plc - Tender Offer 2024 (XS) - Launch

AIB Group plc announces Tender Offer in respect of its €500,000,000 Fixed Rate Reset Additional Tier 1 Perpetual Contingent Temporary Write Down Securities (ISIN: XS2056697951) and proposed issue of New Additional Tier 1 Securities

23 APRIL 2024


Full announcement including disclaimers and offer restrictions available via Euronext


23 APRIL 2024. AIB Group plc (the Offeror) announces today an invitation to eligible holders of its outstanding €500,000,000 Fixed Rate Reset Additional Tier 1 Perpetual Contingent Temporary Write Down Securities (ISIN: XS2056697951) (the Securities) to tender their Securities for purchase by the Offeror for cash, subject to the satisfaction (or waiver) of the New Financing Condition (as defined below) (such invitation, the Offer).

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"Summary of the Offer



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"Rationale for the Offer


The purpose of the Offer is to provide liquidity to Holders and it is being made as part of the Offeror’s active management of its consolidated capital profile whilst issuing New Additional Tier 1 Securities (as defined below) (see “Issuance of New Additional Tier 1 Securities” below) ultimately for the benefit of the Offeror’s business. Securities purchased by the Offeror pursuant to the Offer are expected to be cancelled and will not be reissued or re-sold. Securities which have not been successfully tendered and/or purchased pursuant to the Offer will remain outstanding."


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