Brian Lenihan Jnr (Dublin West, Fianna Fail)

The NTMA does not decide that. Under the terms of the capitalisation arrangement the Allied Irish Bank dividend on preference shares is payable annually in advance on the anniversary of the 2009 issue date, which is 13 May, or the next business day. The Bank of Ireland dividend on preference shares is payable annually in arrears on 20 February or on the next business day. That is the position.

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