BoI may delist from ISE and LSE

BANK of Ireland said yesterday there is a risk the bank may delist from the ISE and LSE depending on participation in its proposed liability management exercise and rights issue.

“There is a risk that the free-float requirements of the Irish Stock Exchange and London Stock Exchange which require 25% of a listed company’s shares to be held in public hands, will not be satisfied,” the lender said.

In such a case, the bank will examine obtaining a stockmarket quotation on a junior market such as the Enterprise Securities Market of the ISE, which doesn’t have a minimum shares-in- public requirement, the bank said.