ALLIED IRISH BANKS, P.L.C. (THE "BANK") ANNOUNCES INTENTION TO LAUNCH AN OFFER TO PURCHASE FOR CASH AND A SOLICITATION OF CONSENTS IN RELATION TO ITS OUTSTANDING TIER 1 AND TIER 2 SECURITIES
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Investegate |Allied Irish Banks Announcements | Allied Irish Banks: AIB offer to purchase securities
Ahi... a occhio rimborso basso (tra 22.5% e 25% per le LT2, 10% per le T1), niente rateo e clausola alla Anglo...
The Consent Invitations will invite Holders to consider an extraordinary resolution (each an "
Extraordinary Resolution") to amend the terms and conditions of their Notes, RCIs or PPS, as the case may be, to:
(i) provide for the issuer of each Series of Notes, RCIs or PPS to have the option to redeem or purchase all, but not some only, of the relevant Notes, RCIs or PPS (as applicable) remaining (if any) on completion of the Offers at a price equal to €0.01 per €1,000, £0.01 per £1,000 or U.S.$0.01 per U.S.$1,000, in each case in nominal amount of the relevant Notes, RCIs or PPS; and
(ii) in relation to the PPS, to provide for the terms of the PPS (or the guarantees in respect thereof) to be amended to remove any restriction on any repurchase or redemption by the Bank of junior or parity securities in the event that the Bank elects not to pay any scheduled distributions on the relevant PPS.
The submission of a valid instruction to tender Notes, RCIs or PPS, as the case may be, in the Offers will automatically act as such Holder's consent to the relevant Extraordinary Resolution.
No amount will be paid by the Bank or any other person pursuant to the Offers in respect of any accrued interest or arrears of interest on the Securities.