Sunday 11 December 2016

AIB shareholders must say a loud 'no' to State

Published 21/07/2011 | 05:00

A few months ago, the last Finance Minister committed the State to providing AIB with "all the capital that may be necessary" at a price of 50 cents per share. This commitment had a major effect on the share price and on the actions of 70,000 shareholders

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Yet now the State is proposing to invest in AIB at only 1c per share. If the shareholders vote their approval of this, then they are voting for their own financial wipeout. They should vote a strong No, and then organise themselves to fight legally for their rights.

Brian O'Doherty
Greencastle, Co Donegal

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