50% of AIB shareholders opt for shares in lieu of cash dividend.DUBLIN--(BUSINESS WIRE)--Sept. 30, 1996--Allied Irish Banks, p.l.c. (AIB AIB n abbr (BRIT) (= Accident Investigation Bureau) → oficina de investigación de accidentes AIB n abbr (Brit) (= Accident Investigation Bureau) → ) [NYSE NYSE See: New York Stock Exchange : AIB; AIBPR; FMBPR] has today issued 1,781,759 new ordinary shares of 25p each to some 19,600 shareholders - 50% of the total - who have opted to take shares instead of cash in respect of the IR5.95p per share interim dividend for the year ending 31 December 1996. As a result, IR No.6.3m (15.6% of the total cash dividend otherwise payable) has been reinvested in the Bank.The price at which the new shares have been issued is IR No.3.54 per share, being the average of the middle-market quotations of the Bank's shares on the Irish Stock Exchange The Irish Stock Exchange (ISE) (Irish: Stocmhalartán na hÉireann) is Ireland's stock exchange, formed through the merger of the Cork and Dublin exchanges, both of which have existed as far back as 1793. for the five business days commencing 12 August 1996. Application is being made to the Irish Stock Exchange and the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. to list the new shares on the Official Lists in Dublin and London. Under the AIB Dividend Reinvestment Plan Dividend Reinvestment Plan (DRP) Plan which provides for automatic reinvestment of shareholder dividends in more shares of a company's stock, often without commissions. Some plans provide for the purchase of additional shares at a discount to market price. , introduced in 1994, the Board may give shareholders the option of receiving their dividends in the form of new shares allotted at the market price, free of brokers' commission and stamp duty. Dividends received in this manner by Irish or UK resident shareholders are not subject to income tax. Copies of this announcement are available from the Company Announcements Office for two business days, and from the Registered Office of the Company for fourteen days, following the date of publication. CONTACT: C Walton & Co., New York Clyde Walton, 212/661-1620 -or- Group Public Affairs, AIB Group, Dublin, Ireland Turlough Turlough can mean:
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