Bank Of Ireland Group Plc · EURONEXT:BIRG
Bank Of Ireland — Shareholder Meeting (January 2010)
12 slides from Bank Of Ireland's shareholder meeting presentation, Jan 12, 2010
Slide 1: Bank of Ireland Extraordinary General Meeting
Bank of Ireland Extraordinary General Meeting Pat Molloy, Chairman Tuesday 12 January 2010
Slide 2: Extraordinary General Meeting (EGM) Resolutions
Extraordinary General Meeting (EGM) Proposed application by Bank of Ireland to become a participating institution under the National Asset Management Agency Act 2009 (NAMA) and proposed amendment of the Bye-laws of Bank of Ireland Resolutions To authorise Bank of Ireland to apply to become a parti
Slide 3: Resolution 1 – NAMA: Background
Extraordinary General Meeting Resolution 1 – NAMA Background NAMA established by Minister for Finance to strengthen the Irish financial sector NAMA is to acquire loans relating to the purchase, exploitation or development of development land and associated loans from Participating Institutions
Slide 4: Resolution 1 – NAMA: Impact on Bank of Ireland
Extraordinary General Meeting Resolution 1 – NAMA Impact on Bank of Ireland Following shareholder approval, Bank of Ireland can apply to become a Participating Institution before 19 February 2010 Minister for Finance indicated that up to €16bn of Bank of Ireland loans may transfer to NAMA – Land
Slide 5: Benefits arising from participation in NAMA
Extraordinary General Meeting Resolution 1 – NAMA Benefits to Bank of Ireland arising from participation in NAMA Greater market certainty regarding Bank of Ireland’s loan portfolio through transfer of up to €16bn loans to NAMA – removal of loans over which the market has most concerns – reducing r
Slide 6: Board priorities in challenging environment
Extraordinary General Meeting Board priorities in challenging environment Bank of Ireland has good businesses with resilient business models Remain focussed on key priorities – To support our customers – To continue to fund our balance sheet effectively • Achieving more conservative balance shee
Slide 7: Resolutions 2-4
Extraordinary General Meeting Resolutions 2-4 Resolutions 2 to 4 unrelated to NAMA Resolutions 2 to 4 are inter-conditional Objective is to bring Bank of Ireland’s procedures for dealing with General Meetings into line with modern practice, other listed companies in Ireland and the UK, and to
Slide 8: Board recommendation to shareholders
Extraordinary General Meeting Resolutions 1 to 4 Board recommendation to shareholders The Board considers participation in NAMA to be fair and reasonable and to be in the best interests of shareholders. The Board believes approval of the Resolutions 2, 3 and 4 to be in the best interests of shar
Slide 9: Voting Procedure
Extraordinary General Meeting Voting Procedure Voting will be by poll at the end of the meeting 9
Slide 10: Questions and Answers
Extraordinary General Meeting Questions and Answers 10
Slide 11: Voting Procedure
Extraordinary General Meeting Voting Procedure Voting will be by poll at the end of the meeting Fill out polling card Put into boxes provided Results will be announced later today 11
Slide 12: Bank of Ireland Extraordinary General Meeting
Bank of Ireland Extraordinary General Meeting Pat Molloy, Chairman Tuesday 12 January 2010