Impact on preference shares
The following FAQs are based on the Irish Government's document 'Anglo Irish Bank Corporation plc - Nationalisation FAQs' published 30/02/09. This section refers to items 19.
I hold Anglo Tier 1 preference shares. How will the nationalisation affect me?
Your Tier 1 preference shares have been automatically transferred from your ownership to the Minister of Finance's ownership.
No further coupon/interest payments will be made under the preference shares. You may in due course be entitled to compensation.
If you hold securities issued by Lambay Capital Securities plc, these securities will not be acquired by the Minister for Finance per se. However, the preference shares backing these securities will be acquired by the Minister. Lambay Capital Securities plc may be entitled to compensation, and if any compensation is awarded this should be distributed to holders of securities issued by Lambay Capital Securities plc.
To view the full pdf 'Anglo Irish Bank Corporation plc - Nationalisation FAQs' on the Department of Finance website, please click here.