News Headlines | High Court allows PTSB's EGM to go ahead in July

AI generated summary, Read the full article for complete information.

The High Court has cleared the way for an extraordinary general meeting of PTSB on July 30, allowing shareholders to vote on a €1.6 billion takeover of the bank by Austria’s BAWAG. A minority group of shareholders holding less than 1 % of the stock, led by Piotr Skoczylas of Scotchstone Capital, had asked the court to consider whether Finance Minister Simon Harris—who controls 57.5 % of PTSB on behalf of the state—should be classified differently from other investors. Justice Mark Sanfey ruled that the issue of shareholder composition can be addressed later when deciding whether to sanction the BAWAG acquisition, refused the request for a stay of the meeting, and noted his decision does not prejudice the minority shareholders, who plan to appeal to the Court of Appeal.

Read more: https://www.rte.ie/news/business/2026/0513/1573151-ptsb-egm/

#HighCourt #PTSB #BAWAGgroup #SimonHarris #PiotrSkoczylas #ScotchstoneCapital #MarkSanfey #AppealCourt #business

News Headlines | High Court allows PTSB's EGM to go ahead in July

AI generated summary, Read the full article for complete information.

The High Court has approved an extraordinary general meeting of PTSB for July 30, allowing shareholders to vote on a €1.6 billion takeover by Austria’s BAWAG. A small group of shareholders, owning less than 1 % of the bank, challenged the classification of Finance Minister Simon Harris—who holds 57.5 % of PTSB on behalf of the state—as a “different animal” from other investors. Justice Mark Sanfey ruled the issue could be addressed later when the court decides on the takeover, rejecting a stay request from shareholder Piotr Skoczylas, who plans to appeal.

Read more: https://www.rte.ie/news/business/2026/0513/1573151-court-allows-ptsb-egm-to-go-ahead/

#HighCourt #PTSB #BAWAG #SimonHarris #MarkSanfey #PiotrSkoczylas

[13:20] PTSB customers report issues with website and app

Customers of PTSB are reporting technical problems with the bank's website and app.

https://www.rte.ie/news/business/2025/0417/1508188-ptsb-technical-issues/

#PTSB

[15:45] PTSB to cut 300 job cuts under redundancy scheme launched last year

Majority State owned bank PTSB to cut around 300 jobs this year, close to 10pc of its workforce after an extended voluntary redundancy offer closed last month.

https://www.independent.ie/business/jobs/ptsb-to-cut-300-job-cuts-under-redundancy-scheme-launched-last-year/a487713345.html

#State #PTSB #around300 #thisyear #closeto #10pc #lastmonth

[14:56] Up to 500 jobs could be cut at PTSB

The Financial Services Union (FSU) has said that up to 500 jobs could be cut at PTSB as part of a voluntary redundancy scheme announced by the bank.

https://www.rte.ie/news/ireland/2024/1213/1486375-up-to-500-jobs-could-be-cut-at-ptsb/

#TheFinancialServicesUnion #FSU #upto500 #PTSB

[15:40] PTSB targets job cuts with voluntary redundancy scheme

Plans by PTSB to cut staff numbers at the bank have been criticised by the Financial Services Union (FSU).

https://www.independent.ie/business/ptsb-targets-job-cuts-with-voluntary-redundancy-scheme/a2089870402.html

#PTSB #theFinancialServicesUnion #FSU

[15:33] PTSB to broaden its voluntary redundancy scheme

PTSB is to broaden a voluntary redundancy scheme that was launched in October for senior managers.

https://www.rte.ie/news/business/2024/1210/1485695-ptsb-to-broaden-voluntary-redundancy-scheme/

#PTSB #October

[11:35] PTSB customers not getting wages and pensions into accounts, app now also down

PTSB is battling to sort out a problem which has seen its customers unable to receive payments, including wages, pensions and other transfers they are due to get today.

https://www.independent.ie/business/personal-finance/ptsb-customers-not-getting-wages-and-pensions-into-accounts-app-now-also-down/a694655500.html

#PTSB #today

[10:42] PTSB customers hit by payment delays due to tech issue

Some PTSB customers are experiencing delays in sending and receiving payments due to a technical issue today.

https://www.rte.ie/news/business/2024/1129/1483716-ptsb-customers-hit-by-payment-delays-due-to-tech-issue/

#PTSB #today

[09:32] PTSB customers left frustrated after payments of wages and pensions held up

PTSB is battling to sort out a problem which has seen its customers unable to receive payments, including wages, pensions and other transfers they are due to get today.

https://www.independent.ie/business/personal-finance/ptsb-customers-left-frustrated-after-payments-of-wages-and-pensions-held-up/a694655500.html

#PTSB #today