Bonanza for First Active shareholders

FIRST ACTIVE shareholders will receive a New Year’s boost expected to be paid to them in mid-January.

Chairman John Callaghan told the 400 shareholders who turned up for yesterday’s extraordinary general meeting to approve the deal that they receive 6.20 for every share they hold by mid-January at the latest once the takeover is approved.

About 140,000 Irish people hold shares in the former building society, with the average shareholder netting between 3,069 and 6,138.