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PTSB shares

  • 28-04-2015 8:47pm
    #1
    él statutorio
    Registered Users, Registered Users 2 Posts: 1,259 ✭✭✭


    Hi Folks,

    Hopefully I'm posting this in the right area.

    I have a number of IL&P shares I got a few years back while a staff member there. I never did anything with them, I have the share certs in a drawer.

    I assume that the IL&P shares got converted to PTSB shares when Irish Life was sold off? (or am I completely wrong?)

    If that's correct, are these actually worth anything or were they too diluted when the Government nationalised the whole setup?


Comments

  • #2
    Sean O Farrell
    Registered Users, Registered Users 2 Posts: 3 ✭Sean O Farrell


    The shares would have been converted when Irish Life was bought by PTSB. Unfortunately they are probably worth very little.
    Don't be confused by the current share prices around €3.50 because PTSB have changed the share allocation .


    In summary every 100 shares has been converted to 1 so the likelihood of getting the benefit of share price increase has been greatly diluted.

    Don't plan on the shares for your retirement !


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