The Irish Government have decided to sell off some of their shares in AIB (Allied Irish Bank). The state currently owns 99% of AIB after pumping over €20 billion of taxpayers money into them during the “financial crisis”.
Initially the government are selling off 25% of their AIB shares – The expected price range has been set at between €3.90 and €4.90 per Ordinary Share , implying a market capitalisation for AIB of between €10.6 billion and €13.3
Ordinary members of the public can apply to buy AIB shares – but the minimum purchase is going to be €10,000 .
AIB shares can only be bought through specific intermediaries – and if you want to be in with a chance of getting AIB shares you will need to be a registered customer of one of these intermediaraies by 5pm on June 16th 2017.
Here is the list of stockbrokers where you will be able to register to buy shares in AIB
- Davy , 49 Dawson St Dublin 2 (01 6249000) www.davyselect.ie
- Goodbody : 01 5290850 ; www.goodbody.ie
- Investec 01 4210328 ; www.investec.ie
- Merrion Private 012404280 ; www.investec.ie
- Redmayne Bentley 021 427 9053 ; www.redmayne.ie
- Quilter Cheviot 017996900 ; www.quiltercheviot.com
- Cantor Fitzgerald 01 6333633 ; www.cantorfitzgerald.ie
- Campbell O’Connor & Co 01 6771773 ; www.camocon.ie
The allocation of AIB shares to members of the public will be decided on the basis of demand received and may be less than the amount applied for.