At the Company’s AGM held on the 15 May 2024, shareholders approved the making by the Company for what is called an ’Odd-lot’ offer. The approval granted at the AGM facilitated a share buy-back scheme whereby the Company could acquire small shareholdings from Eligible Odd-Lot Holders (those shareholders holding 100 shares or less and resident in Ireland, United Kingdom, Isle of Man or Channel Islands).
The purpose and rational for introducing the Odd-lot offer was set out in the AGM circular to Shareholders dated 3 April 2024 (see document list below) but for the most part, facilitated Eligible Odd-lot Holders to dispose of their shares without dealing costs which otherwise make it uneconomic to do so.
The Company launched the Odd-lot offer on the 6 September 2024 and it closed on the 4 October 2024 (noon). Eligible Odd-lot Holders were given the choice to:
- Have their Odd-lot holdings purchased by the Company by taking no action.
Or - Retain their Odd-Lot holdings by submitting an ‘Opt-Out’ form which was issued to all Eligible Odd-lot Holders by post.
Eligible Odd-lot Holders who took no action had their shares purchased by the Company at the Offer Price of €1.74 per share (or £1.47 per share if resident in the UK) and a cheque was posted to those shareholders on the 21 October 2024.
A detailed FAQ document was prepared for the Odd-Lot offer and is set out below in the Odd-Lot documentation list.
Odd-Lot Documentation List.
- AGM Shareholder Circular Dated 3 April 2024.
- Frequently Asked Questions (FAQ) document.
- Opt-Out Form.
- Shareholder Launch RNS.
Shareholder Support
Telephone: +353 (0)1 526 0116 (or if dialling from the UK on +44 (0)20 3059 8256)
Email: [email protected] (quote “PTSB Odd-lot Offer” in the Subject Line).
Note: Terms used on this webpage and not otherwise defined herein have the same meaning as in the AGM Shareholder Circular.