Warrants on AIB shares could affect value of IPO

Sources reveal warrants could play key role in initial IPO

14th May, 2017
AIB’s chief executive Bernard Byrne

The money taxpayers receive from the sale of some of the state’s shares in AIB could be affected by warrants the government holds in the bank.

In 2015, the government inserted a clause in its relationship agreement with AIB providing it with warrants to buy up to 9.99 per cent of the bank’s shares following its return to the stock market.

However, market sources have told The Sunday Business Post that the warrants...

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