Analysis: Oddest of egms clears way for sale of AIB stake

Rare praise from one of AIB’s board most trenchant critics came late into what was one of the oddest shareholders’ meetings ever held in Ireland.

AIB had convened its extraordinary general meeting at the RDS in Dublin yesterday for shareholders to nod through a number of housekeeping measures that the bank’s owner — the State — requires as it plots to sell a 25% stake of the expensively bailed-out bank, after the election.

The term ‘small shareholders’ was never more appropriate because they account for 0.2% of AIB stock.