A total of 97.4 per cent of shareholders took up their rights at a cost of one Swiss franc (€0.88 cent) a share. Much of the balance are understood to be several hundred long-standing Irish shareholders who were effectively locked out of the deal. “We have been informed by the custodian that, in order to exercise rights in relation to the rights offering, such rights must be exercised on or before November 13th, 2018,” the letter said. It asked the Irish shareholders to advise it of their choices by 10am on Monday, November 12th. It is unclear why the affairs of the Irish shareholders were managed through Link’s UK offices.

Source: The Irish Times November 15, 2018 19:18 UTC