Banking
AIB plans to buy-out up to 67,000 ‘trapped’ shareholders
The bank said almost 90 per cent of its registered holders have 20 or fewer shares
AIB is aiming to buy-out up to 67,000 shareholders who own 20 shares or less in order to reduce its administrative costs and offer “trapped” shareholders a way out.
At the bank’s annual general meeting (AGM) in May shareholders will be asked to sign off the launch of an odd-lot offer. This would mean shareholders who have 20 or fewer shares will be able to sell their position at a 5 per cent premium to ...
