albk201205036k.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 03 May, 2012
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- ________
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For Immediate Release
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3rd May, 2012
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AIB cancels its capital redemption reserve fund and part of its share premium account
Allied Irish Banks, p.l.c. ("AIB") makes the following announcement further to Resolution 7 passed at its Extraordinary General Meeting held on 26 July 2011. The Irish High Court today, confirmed the application by AIB to cancel its capital redemption reserve fund of €3,957,595,068.24 and €2bn of its share premium account. The reserve resulting from those cancellations will be used to eliminate permanent losses and be treated as distributable reserves.
The implementation of the Court Order will have no impact on the Group's capital ratios.
- ENDS -
For further information, please contact:
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Alan Kelly
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Niamh Hennessy
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Director of Corporate Affairs & Marketing
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Media Relations Manager
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AIB Bankcentre
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AIB Bankcentre
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Dublin
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Dublin
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Tel: +353-1-6412162
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Tel: +353-1-7721382
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email: alan.j.kelly@aib.ie
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email: niamh.n.hennessy@aib.ie
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Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorised.
ALLIED IRISH BANKS, p.l.c.
(Registrant)
Date 03 May, 2012
By: ___________________
Paul Stanley
Acting Chief Financial Officer
Allied Irish Banks, p.l.c.