Markets
PTSB follows AIB with plan to buy-out 128,000 small shareholders
The bank said 99.5 per cent of its shareholders had 100 shares or less shares
PTSB is preparing to remove over 128,000 shareholders from its register by offering them a 5 per cent premium to the market price.
Ahead of its annual general meeting, PTSB is asking shareholders to vote in favour of “preparatory resolutions” so it can make an odd-lot offer in the future. The offer would see shareholders with 100 shares or less be offered a 5 per cent premium to market price, which is currently €1.53.
The ...
