Investing in the AIB Initial Public Offering
Richard Power
Richard Power
Director of Stockbroking

We are delighted to confirm that Cantor Fitzgerald has been appointed intermediary in the sale of AIB shares. On Tuesday, 30th May, the Minister for Finance filed the Government’s intention-to-float (ITF) document to the Irish Stock Exchange, setting the wheels in motion for AIB to be listed on the main ISEQ Index once again, as the Government sells off a 25% share of the bank.

Allied Irish Banks: Going Public
We remain positive on the underlying fundamentals of AIB, the largest retail and commercial bank in Ireland. At FY16, AIB had met 3 of its 4 new medium-term strategic targets and it is more of a focused play on a recovering Irish economy than Bank of Ireland.

Timelines to IPO
Please note that dates are subject to confirmation by the Department of Finance.

  • Retail investors wishing to participate must have an account open by 5pm on 16th June 2017.
  • The Price Range Prospectus will be published in advance of the IPO and made available to investors. We estimate this to be mid June.
  • The IPO will be announced at a date to be agreed.

Purchasing Shares

  • Minimum investment: €10,000.
  • There is no stamp duty or commission charged. Normal account fees apply.
  • Offer is open to clients aged 18 and older, resident in Ireland and the UK.
  • We will commence taking orders after the Price Range Prospectus is published. These orders will be taken without a price limit and the order will be binding at the launch price.
  • For existing clients you will need to contact us with your order, no later than two days in advance of the IPO date and ensure that there is adequate cash on your account.

To Set Up A New Account

  • Please contact us and we will talk you through the process. We can send you a link to our online account opening.
  • Please note that you must have an account open by 5pm on 16th June 2017.

To speak with a Portfolio Manager or Account Executive, phone the Cantor Fitzgerald dealing desk on Dublin 01 633 3633, Cork 021 422 2122 or Limerick 061 436 500.

NOT FOR RELEASE, PUBLICATION, DISTRIBUTION OR TRANSMISSION, DIRECTLY OR INDIRECTLY, TO ANY PERSON, INCLUDING TO ANY PERSON IN THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, SWITZERLAND OR SOUTH AFRICA OR IN ANY OTHER TERRITORY WHERE TO DO SO WOULD BREACH APPLICABLE LAWS OR REGULATIONS

This communication has been published by Cantor Fitzgerald Ireland Limited.

Cantor Fitzgerald Ireland Limited (“Cantor Ireland”) is regulated by the Central Bank of Ireland. Cantor Fitzgerald Ireland Ltd is a member firm of the Irish Stock Exchange and the London Stock Exchange.

The information contained in this communication must not be transmitted or otherwise sent to any person, including to any person in the United States, Canada, Australia, Japan, Switzerland, South Africa, Switzerland or any other territory where to do so would breach applicable laws or regulations. Neither Cantor Fitzgerald Ireland Limited (“Cantor”), Allied Irish Banks, plc (the “Company”) nor the Minister for Finance (the “Selling Shareholder”) accepts any responsibility for any contravention of applicable securities laws and regulations by persons as a result of false information provided by such persons.

This communication is an advertisement and not a prospectus. Investors should not subscribe for or purchase any securities referred to in this communication except on the basis of information contained in a final form prospectus expected to be published by the Company in due course in connection with the offer and the admission of its ordinary shares to the primary listing segment of the official list of the Irish Stock Exchange and the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the main securities market of the Irish Stock Exchange and the main market of the London Stock Exchange (the “Prospectus”) (the “Offer”). Copies of the Prospectus, and any supplement thereto, may, once published, be obtained (subject to certain jurisdictional restrictions) from the Company’s website at https://aib.ie/investorrelations, from the Company’s registered office at Bankcentre, Ballsbridge, Dublin 4, Ireland and at the Irish offices of the following stockbrokers J&E Davy, Goodbody Stockbrokers UC and Investec Bank plc (Irish Branch) and at the offices in the UK of Deutsche Bank AG, London Branch, Merrill Lynch International, Citigroup Global Markets Limited, Goldman Sachs International, J.P. Morgan Securities PLC and UBS Limited,. This communication does not constitute a recommendation by the Company, the Selling Shareholder or any other party to sell or buy securities in the Company.

This communication has been prepared by and is the sole responsibility of Cantor Fitzgerald Ireland Limited of 75 St Stephens Green, Dublin 2, which is an authorised person for the purposes of the European Communities (Markets in Financial Instruments) Regulations 2007 (as amended) in Ireland or the Financial Services and Markets Act 2000 in the United Kingdom.

This communication is not an offer of securities for sale in the United States. The securities to which this communication relates have not been registered under the United States Securities Act of 1933, as amended (the “US Securities Act”), and may not be offered or sold in the United States absent registration or an exemption from registration under the US Securities Act. There will be no public offering of the securities in the United States.

None of the Minister for Finance, the Department of Finance, the Irish Government, the National Treasury Management Agency or any person controlled by or controlling any such person, or any entity or agency of or related to the Irish State, or any director, officer, official, employee or adviser (including, without limitation, legal and financial advisers) of any such person (each such person, a “relevant person” for the purposes of this paragraph) accepts any responsibility whatsoever for, or makes any representation or warranty, express or implied, as to the accuracy, completeness or fairness of any information in, this communication or any document referred to in this communication or any supplement or amendment thereto (each a “transaction document” for the purposes of this paragraph) or for any other statement made or purported to be made by it, or on its behalf, in connection with the Company or its securities or the Offer and nothing in the Prospectus will be relied upon as a promise or representation in this respect, whether or not to the past or future. To the fullest extent permitted by law, each relevant person expressly disclaims any liability whatsoever for any loss howsoever arising from, or in reliance upon, the whole or any part of the contents of any transaction document or any such statement. No relevant person has authorised or will authorise the contents of any transaction document, or has recommended or endorsed the merits of the offering of securities or any other course of action contemplated by any transaction document.

This information does not constitute or form part of an offer or recommendation concerning the shares in AIB or advice about purchasing shares in AIB. Any decision to purchase any securities must be made on the basis of the information contained in the Prospectus in its final form which is to be published by AIB in due course.

Cantor Fitzgerald Ireland Ltd. restricts access to non-public information about its clients to those who need to know that information in order to provide products or services. Cantor Fitzgerald Ireland Ltd. maintains physical, electronic, and procedural safeguards to guard your non-public personal information. Please be advised when formally subscribing for shares on the basis of the published Prospectus, you will be consenting to the transmission of your data outside of the EU/EEA where this is permitted under the Data Protection legislation in Ireland.

This email does not constitute an offer for the purchase or sale of any financial instruments, trading strategy, product or service. No one receiving these should treat any of their contents as constituting advice. They do not take into account the investment objectives or financial situation of any particular person. Investors should determine whether an investment is appropriate to their own personal circumstances.

Warning: The value of your investment may go down as well as up and you may lose some or all of the money you invest. Past performance is not a reliable guide to future performance.
Subsequent sales or certification of AIB shares will be subject to Cantor’s normal fees and charges which are included at rate card.