“Proceeds generated from phase two of the trading plan that recently completed amounted to circa. €283 million and when combined with the first phase, brings total proceeds to date to €532 million.
“The average share price achieved in phase two of the trading plan was €5.64, up from an average of €4.96 in phase one.
“The State’s directed shareholding in the bank has now reduced from 13.9% last summer when the trading plan started, to less than 5% today.
“The further extension announced today means that phase three will now end no later than 18th October 2022.”