Delisted: AIB comes off the New York Stock Exchange

The move had been widely expected given the government owns nearly all of the bank.

AIB HAS ANNOUNCED it has been delisted and ceased trading on the New York Stock Exchange (NYSE) as had been expected.

The bank confirmed this would be happening earlier this month and following the delisting the bank now intends to terminate the trading of American Depositary Shares – which each represent ten ordinary shares – by terminating a deposit agreement set up with the Bank of New York Mellon.

Prior to termination of the deposit agreement AIB’s ADS will trade over the counter in the United States.

The bank adds that in due course, it intends to deregister its securities and terminate its obligations under the US Securities Exchange Act of 1934.

The delisting reflects the Irish government’s 99 per cent shareholding in the bank.

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