IN BRIEF: Bank of Ireland launches EUR520 million share buyback

Bank of Ireland Group PLC - Dublin-based lender - Commissions broker J&E Davy and investment bank ...

Alliance News 27 February, 2024 | 9:47AM
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Bank of Ireland Group PLC - Dublin-based lender - Commissions broker J&E Davy and investment bank UBS to conduct a share buyback programme worth up to EUR520 million. The buyback will begin on Tuesday and run until December 18 at the latest. All shares repurchased on Euronext Dublin will be cancelled.

Bank of Ireland released its annual results on Monday, promising a mix of dividend and share buybacks in 2024 after profit jumped by more than 90% in 2023. Total shareholder distributions were EUR1.15 billion in 2023, up from EUR350 million in 2022. This consisted of EUR634 million in dividends - or 60 euro cents per share - plus EUR520 million in share buybacks.

Current stock price: EUR7.99

12-month change: down 21%

By Tom Waite, Alliance News editor

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Bank of Ireland Group PLC 10.27 EUR 1.08 -
Bank of Ireland Group PLC 10.27 EUR 1.99 -

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