APS Bank plc - Allocation of New Shares

On 13 June 2022, APS Bank plc announced that it received applications for a total of 171.3 million shares (equivalent to more than €104 million) compared to the offer of up to 110 million shares. An aggregate amount of almost 69.7 million shares were pre-allocated to a number of investors pursuant to Pre-Allocation Agreements. The remaining balance of 40.3 million shares will be allocated as follows:

  • Preferred Applicants: applications up to and including 25,000 shares will be satisfied in full, whilst applications for more than 25,000 shares will be satisfied in full for the first 25,000 shares plus 50% of the remaining balance.
  • General Public: applications up to and including 5,000 shares will be satisfied in full, whilst applications for more than 5,000 shares will be satisfied in full for the first 5,000 shares plus 13.5139% of the remaining balance.

APS also noted that its shares are now expected to be admitted to listing on Friday 17 June 2022 whilst commencement of trading will be possible as from Monday 20 June 2022. Moreover, refund of unallocated monies will take place on Monday 20 June 2022.