Allied Irish Banks, p.l.c.
NYSE : AIB
LSE : ALBK

July 26, 2011 07:43 ET

AIB - final results of its offers to purchase for cash

DUBLIN, IRELAND--(Marketwire - Jul 26, 2011) -



Allied Irish Banks, p.l.c. ("AIB")[NYSE:AIB]

                                                             26th July 2011


ALLIED IRISH BANKS, P.L.C. ANNOUNCES THE RESULTS OF ITS OFFERS TO PURCHASE
                                    FOR CASH

                         any and all of its outstanding

  EUR400,000,000 Subordinated Callable Step-Up Floating Rate Notes due 2015
                            (ISIN: XS0208845924)
                          (the "2015 Euro Notes")

£700,000,000 Callable Dated Subordinated Fixed to Floating Rate Notes due
                                 July 2023
                              (ISIN: XS0368068937)
                          (the "2023 Sterling Notes")

            EUR419,070,000 10.75 per cent. Subordinated Notes due 2017
                              (ISIN: XS0498532117)
 (the "2017 Euro Notes" and, together with the 2015 Euro Notes and the 2023
                          Sterling Notes, the "Notes")


ALLIED IRISH BANKS, P.L.C. FURTHER ANNOUNCES THE RESULTS OF THE MEETINGS OF
                           HOLDERS OF THE ABOVE NOTES

On 13 May 2011, Allied Irish Banks, p.l.c. (the "Bank") announced that it was inviting all holders of the Notes (subject to the invitation restrictions set out in the Tender and Consent Memorandum (as defined below)) to (i) tender any and all of the Notes for purchase by the Bank for cash, and (ii) consent (the "AIB Consent Invitation") to certain modifications of the terms of the Notes (together, the "AIB Offer").

The AIB Offer was made upon the terms and subject to the conditions contained in the tender and consent memorandum dated 13 May 2011 (the "Tender and Consent Memorandum").

In conjunction with the invitation to tender any and all of the Notes, the Bank invited holders of each Series of Notes (subject to the invitation restrictions set out in the Tender and Consent Memorandum) to consider, and, if thought fit, pass, the relevant Extraordinary Resolution (each an "Extraordinary Resolution") in relation to certain modifications of the terms of each Series of the Notes as further described in the Tender and Consent Memorandum.

This announcement is made in accordance with the Tender and Consent Memorandum. Capitalised terms used and not otherwise defined in this announcement have the meaning given in the Tender and Consent Memorandum.

The Bank hereby announces the aggregate nominal amount of each Series of Notes accepted for purchase pursuant to the relevant Offer.

The Bank announces whether the Extraordinary Resolutions in relation to each Series of Notes have passed.

Description of    Common       Outstanding       Aggregate        Results
the Notes         code/ISIN    nominal amount    nominal of the   Extra-
                               prior to          amount of Notes  ordinary
                               settlement of the accepted for     Resolu-
                               AIB Offer         purchase         tions in
                                                                  respect
                                                                  of the
                                                                  Notes

EUR400,000,000    020884592/   EUR48,534,000     EUR47,936,000    Passed
Subordinated      XS0208845924
Callable Step-Up
Floating Rate
Notes due 2015

£700,000,000      036806893/   £35,357,000       £35,350,000      Passed
Callable Dated    XS0368068937
Subordinated
Fixed to Floating
Rate Notes due
July 2023

EUR419,070,000    049853211/   EUR217,920,000    EUR208,705,000   Passed
10.75 per cent.   XS0498532117
Subordinated
Notes due 2017

Payment of the Purchase Price in respect of Notes validly tendered in the relevant Offer and accepted for purchase is expected to be made on Monday, 25 July 2011.

GENERAL

Holders are advised to read carefully the Tender and Consent Memorandum for full details of, and information on, the AIB Offer. Requests for information in relation to the AIB Offer should be directed to the Dealer Manager:

                 THE DEALER MANAGER

            J.P. Morgan Securities Ltd.
                  125 London Wall
                  London EC2Y 5AJ
                   United Kingdom

           For information by telephone:
                +44 (0) 20 7779 2468
      Attention: Ryan O'Grady - FIG Syndicate
           Email:  ryan.ogrady@jpmorgan.com 

           For information by telephone:
                +44 (0) 20 7777 1333
 Attention: Sebastien Bamsey - Liability Management
       Email:  sebastien.m.bamsey@jpmorgan.com 

Requests for information, documents or materials relating to the AIB Offer should be directed to the Tender and Tabulation Agent:

        THE TENDER AND TABULATION AGENT

         Lucid Issuer Services Limited
                  Leroy House
                 436 Essex Road
                 London N1 3QP
                 United Kingdom

 For information by telephone: +44 20 7704 0880
 For information by facsimile: +44 20 7067 9098
     Attention: Yves Theis / David Shilson
             Email:  aib@lucid-is.com 

This announcement must be read in conjunction with the Tender and Consent Memorandum.

This announcement does not constitute an offer to sell or buy or the solicitation of an offer to sell or buy the Notes or PPS.

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Allied Irish Banks, p.l.c. via Thomson Reuters ONE

[HUG#1533476]

Contact Information

  • For information by telephone:
    +44 20 7704 0880
    For information by facsimile:
    +44 20 7067 9098
    Attention:
    Yves Theis
    David Shilson
    Email: Email Contact