SOURCE: Allied Irish Banks, p.l.c.

September 20, 2010 06:11 ET

AIB to sell its shareholding in Goodbody Holdings Limited

DUBLIN, IRELAND--(Marketwire - September 20, 2010) -

Allied Irish Banks, p.l.c. ("AIB") [NYSE: AIB] today announces that it has signed an agreement to sell its entire shareholding in Goodbody Holdings Limited and associated companies, including Goodbody Stockbrokers ("the Group"), to Fexco Holdings Limited ("Fexco") for a cash consideration of approximately EUR24m. This is subject to a net asset adjustment for the period up to completion. If the Group is sold for cash within the three year period following completion for a price in excess of that paid by Fexco or if certain assets of the Group are realised for cash within a similar period, additional consideration, subject to a cap, may be payable.

Completion of the transaction is conditional upon obtaining certain regulatory approvals. The positive impact on AIB Group's capital position as a result of the transaction is not material.


For further information please contact:-

Alan Kelly                          Catherine Burke

General Manager, Corporate Services Head of Corporate Relations and

AIB Group                           AIB Group

Dublin                              Dublin

Tel: -1-6412162                     Tel: -1-6413894

email:          email:


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

Contact Information