RNS Number : 8447B
Irish Life & Permanent Grp HldgsPLC
25 February 2011
Irish Life & Permanent Group Holdings plc
Statement on the Transfer of selected assets and liabilities from Irish Nationwide Building Society
25 February 2011
Irish Life & Permanent Group Holdings plc (the "Group") announces that pursuant to yesterday's Transfer Order (under the Credit Institutions (Stabilisation) Act 2010) issued by the High Court, Irish Nationwide Building Society ("INBS") has transferred selected assets and liabilities into the Group's banking business, Irish Life & Permanent plc, (t/a permanent tsb), (the "Transfer") which comprise €3.6bn of INBS deposits and the shares in INBS' Isle of Man subsidiary.
Under the Transfer of Undertakings Protection of Employees ("TUPE") legislation 237 employees of INBS have transferred to the Group with the selected INBS deposits. No branches of INBS were acquired.
The Group will make a further announcement in due course.
Contact details:
Customers
Help desk: 1850 522 522
Investor Relations
Barry Walsh, Head of Investor Relations
Tel: +353 1 704 2678
Orla Brannigan, Investor Relations
Tel: +353 1 704 1345
Media
Ray Gordon, Gordon MRM
Tel: +353 1 665 0450
Web Sites
Irish Nationwide Building Society: www.irishnationwide.ie
permanent tsb: www.permanenttsb.ie
Irish Life & Permanent Group: www.irishlifepermanent.ie
This information is provided by RNS
The company news service from the London Stock Exchange
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