Shareholders approve BoI’s participation in NAMA

BANK of Ireland yesterday followed AIB’s pre-Christmas lead by copper-fastening its participation in the National Asset Management Agency, with shareholders almost unanimously voting in favour of the move at an extraordinary general meeting in Dublin.

While nearly half a million shareholders voted against Bank of Ireland’s NAMA inclusion, they only represented just over 0.1% of the share register.

Just under 342 million – or 99.8% of shareholders – approved the motion, comfortably exceeding the 75% acceptance requirement, as expected. Approximately 55% of Bank of Ireland’s share register is comprised of institutional investors.