Historic day as AIB ends listing on ISEQ

AIB ended its 44-year run as a listed entity on the main Irish Stock Exchange (ISEQ), yesterday, by falling a further 7% — or 2c — to 25c.

The bank, for so long one of the titans of the Irish stock market will, from today, be listed on Dublin’s small-cap exchange; the ESM. This will place it alongside smaller — but in many cases more profitable and arguably better-run — players like CPL Resources and Donegal Creameries. The move will also see the number of out-and-out banking stocks on the ISEQ slip to just two — Bank of Ireland and Irish Life & Permanent (IL&P), both of whom also dipped in price yesterday.

AIB, however, was quick to point out that today’s switch to the smaller exchange “should not impact shareholders’ ability to buy or sell shares”.