AIB Group Plans to Launch $1.36 Billion Buyback

Dow Jones

May 08, 2025

By Najat Kantouar

AIB Group agreed with Ireland's finance department to launch a 1.2 billion euros buyback program ($1.36 billion).

The Irish lender on Thursday said that it agreed to make an off-market purchase of around 191.7 million ordinary shares at 6.2607 euros a share. This represents about 8.2% of the company's issued share capital.

Following the completion of transaction, the finance department will hold around 271.2 million warrants to subscribe for ordinary shares, representing approximately 12.7% of the company's issued share capital.

The buyback contract was approved by the company's shareholders at the annual general meeting, and the off-market purchase is expected to settle on May 9.

Write to Najat Kantouar at najat.kantouar@wsj.com

(END) Dow Jones Newswires

May 08, 2025 03:25 ET (07:25 GMT)

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