LONDON - J.P. Morgan SE, acting as the Stabilisation Coordinator, announced today that it may engage in stabilization activities for AIB Group (OTC:AIBRF) plc’s securities. The announcement comes as the bank prepares for a potential stabilization period following the offer of a new series of securities by AIB Group plc.
The securities in question are described as EUR Perpetual-Non-Call-7-year Fixed Rate Reset AT1 Perpetual Contingent Temporary Write Down Securities, with an aggregate nominal amount set at a EUR benchmark. The offer price is yet to be confirmed. These securities are to be listed on the Global Exchange Market of Euronext (EPA:ENX) Dublin.
According to the statement, the stabilization period is expected to start today and is anticipated to end no later than February 7, 2025. Stabilization activities, if initiated, are aimed at supporting the market price of the securities, although there is no certainty that such actions will take place. If begun, they may be discontinued at any time within the stated period.
The stabilization managers listed include J.P. Morgan SE, BofA Securities, Goldman Sachs International, Goodbody, Morgan Stanley (NYSE:MS), and UBS Investment Bank. These entities may over-allot the securities by up to 5% of the aggregate nominal amount and may conduct transactions over the counter to maintain the price.
This announcement is informational and is not an invitation or offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities of AIB Group plc in any jurisdiction. It is specifically directed at qualified investors and high net worth individuals with professional investment experience, particularly those outside the United Kingdom (TADAWUL:4280) or within the UK who meet certain criteria.
The press release also clarifies that the securities have not been, and will not be, registered under the United States Securities Act of 1933 and, therefore, may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offer of these securities in the United States.
This announcement is based on a press release statement and does not constitute financial advice or a recommendation to engage in any investment activities.
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