0001191638-14-001482.txt : 20141118 0001191638-14-001482.hdr.sgml : 20141118 20141118065217 ACCESSION NUMBER: 0001191638-14-001482 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20141118 FILED AS OF DATE: 20141118 DATE AS OF CHANGE: 20141118 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALLIED IRISH BANKS PLC CENTRAL INDEX KEY: 0000850364 STANDARD INDUSTRIAL CLASSIFICATION: COMMERCIAL BANKS, NEC [6029] IRS NUMBER: 131774656 STATE OF INCORPORATION: L2 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10284 FILM NUMBER: 141229540 BUSINESS ADDRESS: STREET 1: BANKCENTRE. STREET 2: BALLSBRIDGE CITY: DUBLIN 4 STATE: L2 ZIP: 4 BUSINESS PHONE: 011-353-1-641-0311 MAIL ADDRESS: STREET 1: BANKCENTRE STREET 2: BALLSBRIDGE CITY: DUBLIN 4 STATE: L2 ZIP: 4 6-K 1 albk201411186k.htm AIB - VALUATION albk201411186k.htm
UNITED STATES
 
SECURITIES AND EXCHANGE COMMISSION
 
Washington, D.C. 20549
 
FORM 6-K
 
Report of Foreign Private Issuer
 
 
 

Pursuant to Rule 13a-16 or 15d-16
 
under the Securities Exchange Act of 1934
 
For the date of 18 November 2014
 
ALLIED IRISH BANKS, public limited company
 

Bankcentre, Ballsbridge, Dublin 4, Republic of Ireland
 
 
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
 
Form 20-F..X... Form 40-F.....
 
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
 
Yes ..... No ..X...
 
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ________
 

 
 
 
 



 
18 November 2014

AIB - VALUATION
 
Allied Irish Banks, p.l.c. ("AIB") notes media coverage of the Minister for Finance's comments in relation to the bank made on Monday, 17 November 2014.
 
As previously stated by AIB, most recently in the bank's Interim Management Statement of 10 November 2014, AIB has c.523 billion ordinary shares in issue, of which 99.8% are held by the National Pensions Reserve Fund Commission ("NPRFC"). 500 billion of these ordinary shares were issued to the NPRFC in July 2011 at a price of €0.01 per share. Based on the number of shares currently in issue and the closing share price of 17 November 2014, AIB trades on a valuation multiple of c.6x (excluding 2009 Preference Shares) 30 June 2014 Net Asset Value (NAV). AIB continues to note that the median for comparable European banks is c.1x NAV.

-ENDS-

For further information, please contact:
 
 
Enda Johnson
 
Head of Corporate Affairs & Strategy
 
AIB Bankcentre
 
Dublin
 
Tel: +353-1-772 6010
 
email: enda.m.johnson@aib.ie



 
 
 
   

ALLIED IRISH BANKS, p.l.c.
 
(Registrant)
 
Date: 18 November 2014
 
By: ___________________
 
                                                                                                                                             Mark Bourke
    Chief Financial Officer
       Allied Irish Banks, p.l.c.