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IL&P Group Holdings (283)

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Wednesday 30 March, 2011

IL&P Group Holdings

Temporary Suspension of Shares

RNS Number : 8745D
Irish Life & Permanent Grp HldgsPLC
30 March 2011

RNS Announcement



Irish Life & Permanent Group Holdings plc ("IL&PGH")


March 30th 2011



Temporary suspension of shares



The Board of IL&PGH ("the Board") notes the recent media comment providing details of the expected capital requirement arising for the Group as a result of the current Prudential Capital Assessment Review ("PCAR") and Prudential Liquidity Assessment Review ("PLAR") exercises being under taken by the Central Bank.


The PCAR and PLAR exercises are not yet completed and the quantum of capital that may be required by the Group, and the source of that capital, is not yet finalised. In the light of the significant movements in the share price yesterday the Board has requested the temporary suspension, until Friday April 1st, of the company's shares on the Irish and London Stock Exchanges pending the outcome of those exercises.


The Central Bank expects to announce the results for all the banks involved on Thursday evening March 31st and a full statement will be issued by the Group on foot of that announcement.





Contact details:



Investor Relations


Barry Walsh, Head of Investor Relations

Tel: +353 1 704 2678


Orla Brannigan, Investor Relations    

Tel: +353 1 704 1345 




Ray Gordon, Gordon MRM

Tel: +353 1 665 0450


This information is provided by RNS
The company news service from the London Stock Exchange

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