02 June 2023
PERMANENT TSB GROUP HOLDINGS PLC
Permanent TSB Group Holdings plc ("PTSB") notes the announcements by the Irish Department of Finance and the NatWest Group plc (NatWest) on selling shares in the Bank.
Following these announcements, Eamonn Crowley, Group Chief Executive commented:
"We welcome the decision by the Minister for Finance, Mr Michael McGrath, and NatWest to dispose of shares in PTSB in accordance with the terms of a shareholder cooperation agreement[1]. This is another important step in normalising the composition of our shareholder base and creating further liquidity in the Bank's shares. Furthermore it demonstrates market appetite to invest in PTSB following a period of transformational growth and supports our stated ambition to deliver value for the Irish taxpayer.
For further information, please contact:
Caitriona Gilmore
Head of Investor Relations
Caitriona.gilmore@permanenttsb.ie
Leontia Fannin
Head of Corporate Affairs & Communications
leontia.fannin@permanenttsb.ie
[1] On 7 November 2022, PTSB entered into a shareholder co-operation agreement with NatWest Group plc and the Minister for Finance of Ireland in relation to a number of matters including orderly sale arrangements in relation to both the shares held by the Minister and the shares issued to RBS AA Holdings (UK) Limited, a subsidiary of NatWest Group plc.
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