Dáil Éireann Debate, Thursday - 20 March 2025
257. Deputy Pearse Doherty asked the Minister for Finance the total shareholding in AIB each year since 2017, detailing each year shares were sold, the amount, share price and total income; and if he will make a statement on the matter. [13195/25]
Amharc ar fhreagraThe State invested €20.8bn in AIB between 2009 and 2011. The State has made good progress in reducing its shareholding in AIB from 71.12% at the beginning of 2022 to just under 12% today while recovering c. €17.9m as part of that process. The State's remaining shareholding in AIB (as at close of business on 17/3/2025) is worth approximately €1.87bn.
I have outlined below the State's shareholding in AIB at each year-end since 2017:
2017: 71.12%
2018: 71.12%
2019: 71.12%
2020: 71.12%
2021: 71.12%
2022: 57%
2023: 40.8%
2024: 18.8%
I have outlined below details of the various share sales (IPO, share trading plan, share buybacks and accelerated bookbuild transactions) since 2017:
|
Year |
Share Sale |
Number of Shares Sold |
Average Price per Share |
Proceeds |
|
2017 |
IPO |
780,384,606 |
€4.40 |
€3,433.7m |
|
2022 |
Trading Plan (phase 1) |
70,936,735 |
€2.32 |
€164.8m |
|
2022 |
Share Buyback |
28,466,799 |
€2.22 |
€63.2m |
|
2022 |
ABB 1 |
133,600,000 |
€2.28 |
€304.8m |
|
2022 |
Trading Plan (phase 2) |
42,540,104 |
€2.86 |
€121.5m |
|
2022 |
ABB 2 |
134,000,000 |
€2.96 |
€396.6m |
|
2023 |
Trading Plan (phase 3) |
106,010,351 |
€3.89 |
€412.7m |
|
2023 |
Share Buyback |
54,674,819 |
€3.94 |
€215.3m |
|
2023 |
ABB 3 |
132,000,000 |
€3.64 |
€480.5m |
|
2023 |
Trading Plan (phase 4) |
31,278,344 |
€4.22 |
€131.9m |
|
2023 |
ABB |
131,000,000 |
€3.93 |
€514.8m |
|
2024 |
Trading Plan (phase 5) |
129,451,168 |
€4.80 |
€620.7m |
|
2024 |
Share Buyback |
198,233,952 |
€5.04 |
€999m |
|
2024 |
ABB 5 |
121,000,000 |
€4.90 |
€592.9m |
|
2024 |
Trading Plan (phase 6) |
117,055,470 |
€5.37 |
€628.2m |
|
2024 |
Share Buyback |
91,827,364 |
€5.45 |
€500m |
|
2025 |
ABB 6 |
116,450,000 |
€5.60 |
€652.1m |
|
2,418,909,712 |
€10,233m |
Please note that phase 7 of the AIB share trading plan is currently operational and runs until July 2025.
As the Deputy is aware, €29.4bn was invested in AIB, BOI and PTSB over the period 2009 to 2011. To date, c. €27.4bn has been recovered in cash by way of disposals, investment income and liability guarantee fees. The remaining investments in the banks are currently valued at c. €2.37bn (as at close of business on 17/3/2025) meaning the State is just above breakeven on its investment in the three banks on a cash-in/cash-out basis.
The State also holds warrants which were issued by AIB following the IPO of the bank in June 2017 and Department of Finance officials have commenced exploratory discussions with AIB on a buyback of these warrants, while also examining other available options.
