Written answers
Tuesday, 16 July 2013
Department of Finance
State Banking Sector
Pearse Doherty (Donegal South West, Sinn Fein)
Link to this: Individually | In context | Oireachtas source
218. To ask the Minister for Finance if he will confirm the percentage of shares now held by the State in AIB Bank. [34267/13]
Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source
The Annual Report and Financial Statements 2011 of the National Pensions Reserve Fund Commission showed that the Fund’s ownership of Allied Irish Bank was 99.8% at 31 December 2011. In May 2012 the National Pensions Reserve Fund (NPRF) received a dividend of ordinary shares in lieu of a cash dividend on its preference shares. The NPRF has advised that that due to the dilution effect, the ownership was very marginally increased as shown in the following table:
| - | NPRF Holdings | Total Shares | % Ownership |
|---|---|---|---|
| Before Dividend | 516,237,363,722 | 517,117,096,249 | 99.830% |
| Dividend | 4,144,055,254 | 4,144,055,254 | - |
| After Dividend | 520,381,418,976 | 521,261,151,503 | 99.831% |
No comments