Ulster Bank Ireland DAC Declaration of Dividend (9150C)
16 Juin 2023 - 8:30AM
UK Regulatory
TIDMFAP
RNS Number : 9150C
Ulster Bank Ireland DAC
16 June 2023
June 2023
Company name Ulster Bank Ireland
DAC
Headline Declaration of Dividend
Ulster Bank Ireland DAC
16 June 2023
Ulster Bank Ireland DAC
Declaration of Dividend
The Board of Ulster Bank Ireland DAC (UBIDAC) has declared its
intention to pay a dividend of EUR 800,000,000 on 16th June 2023 to
its parent company NatWest Holdings Limited. UBIDAC is paying a
dividend as a consequence of the ongoing withdrawal of UBIDAC from
the Republic of Ireland.
Post dividend UBIDAC will have a CET1 ratio in excess of 30%.
UBIDAC remains in a strong capital position following payment of
the dividend, significantly above regulatory capital minimums.
For further information, please contact
Investor Relations
Alexander Holcroft
+44 (0) 20 7672 1758 (UK)
Notes
Forward Looking Statements
This document contains forward-looking statements such as
statements that include, without limitation, the words 'expect',
'estimate', 'project', 'anticipate', 'commit', 'believe', 'should',
'intend', 'will', 'plan', 'could', 'probability', 'risk', 'target',
'goal', 'objective', 'may', 'endeavour', 'outlook', 'optimistic',
'prospects' and similar expressions or variations on these
expressions. These statements concern or may affect future matters,
such as UBIDAC's future economic results, business plans and
strategies. In particular, this document may include
forward-looking statements relating to UBIDAC in respect of, but
not limited to UBIDAC's future economic results, business plans and
strategies, including its: withdrawal from the market; potential
transfers of UBIDAC's business and assets; potential adverse
impacts of uncertainties on UBIDAC; risks arising from customer
remediation in respect of legacy issues; payment of dividends and
capital ratios; continued economic uncertainties on phased
withdrawal implementation; and risks arising from the
implementation of EY Intermediate Parent Undertaking Requirements
and risks and uncertainties arising from other factors such as
inflation, monetary and fiscal policies and unfavourable political,
military or diplomatic events, including armed conflict, state and
privately sponsored cyber and terrorist acts or threats, and the
responses to them by governments and markets,. Forward-looking
statements are subject to a number of risks and uncertainties that
might cause actual results and performance to differ materially
from any expected future results or performance expressed or
implied by the forward-looking statements. Factors that could cause
or contribute to differences in current expectations include, but
are not limited to, the impact of the future acquisitions or
divestments, the outcome of legal, regulatory and governmental
actions and investigations, legislative, political, fiscal and
regulatory developments, accounting standards, competitive
conditions, technological developments, interest and exchange rate
fluctuations and general economic and political conditions and the
impact of climate and sustainability-related risks. These and other
factors, risks and uncertainties that may impact the above, and any
forward-looking statement or actual results are discussed in
UBIDAC's 2022 Annual Report and Accounts (including its Principal
Risks and Uncertainties). The forward-looking statements contained
in this document speak only as of the date of this document and
does not assume or undertake any obligation or responsibility to
update any of the forward-looking statements contained in this
document, whether as a result of new information, future events or
otherwise, except to the extent legally required.
Legal Entity Identifier: UBIDAC - 635400KQIMALJ4XLAD78
STG GBP5,000,000 Floating Rate Subordinated IE0004325282
Bonds
IEP GBP30,000,000 11.375% Subordinated IE0004325399
Bonds
STG GBP20,000,000 11.75% Subordinated IE0004325514
Bonds
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END
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