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AIB plots to speed up reduction of 71% taxpayer stake irishtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from irishtimes.com Daily Mail and Mail on Sunday newspapers.
AIB plans to speed up reduction of 71% taxpayer stake State-controlled lender intends to buy back up to almost 5% of company
Thu, Apr 1, 2021, 15:56
State-controlled AIB is seeking shareholder approval at its upcoming annual general meeting (agm) to allow it to buy back up to an almost 5 per cent stake from taxpayers, as it seeks to accelerate its privatisation.
The lender, led by chief executive Colin Hunt, said in a notice posted on its website on Thursday afternoon that it is proposing a resolution at its agm in early May to enable it enter a so-called directed buyback contract to repurchase up to 4.99 percentage points of the State’s 71 per cent bank stake.
AIB to seek permission to buy back some state shares rte.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rte.ie Daily Mail and Mail on Sunday newspapers.