2023 SREP Outcome: Position on Distributions
No summary for this filing – the full text is below.
Select text to share a quote on X · sign in to keep highlights & notes in your PTSB notes
Permanent TSB Group Holdings plc ('PTSBGH') has been notified by the Central Bank of Ireland ('CBI') of the outcome of its 2023 Supervisory Review and Evaluation Process ('SREP') which is effective from the date of this announcement.
The 2023 SREP decision advises that PTSBGH is no longer prohibited from paying out dividends to shareholders. On a go forward basis, PTSBGH will be required to submit an ex-ante application for a distribution ahead of any Annual General Meeting proposal by the Board for consideration and approval by the CBI.
The Board will update the market on the Company's medium term financial targets and distribution policy during 2024.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.