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Allied Irish Banks Plc said Dec. 23 that it will issue about [euro]3.7 billion of new equity capital to the National Pensions Reserve Fund Commission, raising the latter's shareholding in the bank to 92.8%.
The new shares to be issued to the NPRFC will comprise ordinary shares and convertible nonvoting shares, to be issued at a price of 37.93 cents per new ordinary share and 33.96 cents per new convertible nonvoting share. The NPRFC intends to increase its holding in AIB's ordinary shares by converting all the convertible nonvoting shares following...