Permanent TSB Group Holdings PLC Statement on Share Sale (4795B)
June 02 2023 - 1:33AM
UK Regulatory
TIDMPTSB TIDMNWG
RNS Number : 4795B
Permanent TSB Group Holdings PLC
02 June 2023
02 June 2023
PERMANENT TSB GROUP HOLDINGS PLC
Permanent TSB Group Holdings plc ("PTSB") notes the
announcements by the Irish Department of Finance and the NatWest
Group plc (NatWest) on selling shares in the Bank.
Following these announcements, Eamonn Crowley, Group Chief
Executive commented:
"We welcome the decision by the Minister for Finance, Mr Michael
McGrath, and NatWest to dispose of shares in PTSB in accordance
with the terms of a shareholder cooperation agreement[1]. This is
another important step in normalising the composition of our
shareholder base and creating further liquidity in the Bank's
shares. Furthermore it demonstrates market appetite to invest in
PTSB following a period of transformational growth and supports our
stated ambition to deliver value for the Irish taxpayer.
For further information, please contact:
Caitriona Gilmore
Head of Investor Relations
Caitriona.gilmore@permanenttsb.ie
Leontia Fannin
Head of Corporate Affairs & Communications
leontia.fannin@permanenttsb.ie
[1] On 7 November 2022, PTSB entered into a shareholder
co-operation agreement with NatWest Group plc and the Minister for
Finance of Ireland in relation to a number of matters including
orderly sale arrangements in relation to both the shares held by
the Minister and the shares issued to RBS AA Holdings (UK) Limited,
a subsidiary of NatWest Group plc.
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