PTSB shareholders approve BAWAG acquisition proposal
The €2.97 per share transaction proceeds via a High Court-approved Scheme of Arrangement, with all necessary resolutions successfully passing at the Dublin meetings.
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Irish personal and business banking group
permanenttsbgroup.ieLast updated
In short: PTSB shareholders approved BAWAG's €1.62bn takeover as rival Axis Capital circled
The €2.97 per share transaction proceeds via a High Court-approved Scheme of Arrangement, with all necessary resolutions successfully passing at the Dublin meetings.
Underlying profit before tax rose 34% to €68 million, with total income up 7% and operating expenses down 1%.
Revenue grows 10%, cost/income ratio falls to 72%, asset quality strong. BAWAG Group offers 297 cents per share. Mortgage share c. 19%.
The award recognizes their Home Upgrade Tool, which helps customers estimate retrofit costs, explore options, and understand grants. They were also nominated in two other categories.
There is "simply no evidence" to suggest the proposed €1.6 billion bid from Austrian lender Bawag to acquire PTSB "is a bad deal for shareholders...
Trading conditions for the Bank remain positive underpinned by a resilient Irish economy. Our strategy is working and we are committed to supporting the financial...
PTSB's share price was "of utmost importance" to Minister for Finance Simon Harris when considering Austrian bank Bawag's €1.6 billion offer for the Irish lender...
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