Permanent TSB Group Holdings listed for capital reduction hearing

This report is a localnews.ie summary based on public court reporting and records; sources are listed below.

Permanent TSB Group Holdings Plc was listed in the Commercial Court for its share capital reduction application, reported on 26 February 2018. The company sought approval to cancel 3.6 billion deferred shares as part of its regulatory capital plans.

The application followed a special resolution passed at the company’s annual general meeting in May 2017. The proposed scheme would pay deferred-share holders €1.5 million in total, according to the group.