{
  "url": "https://openlegislation.uk/eu-decision-2015-218/annex/division-1/division-10/division-10.4",
  "json_url": "https://openlegislation.uk/eu-decision-2015-218/annex/division-1/division-10/division-10.4.json",
  "legislation": "eudn/2015/218",
  "legislation_title": "Commission Decision (EU) 2015/218 of 7 May 2014 on the State aid Nos SA.29786 (ex N 633/09), SA.33296 (11/N), SA.31891 (ex N 553/10), N 241/09, N 160/10 and SA.30995 (ex C 25/10) implemented by Ireland for the restructuring of Allied Irish Banks plc and EBS Building Society (notified under document C(2014) 2638) (Only the English text is authentic) (Text with EEA relevance)",
  "legislation_url": "https://openlegislation.uk/eu-decision-2015-218",
  "path": "annex/division/1/division/10/division/10.4",
  "kind": "division",
  "number": "10.4",
  "heading": "Without prejudice to Clauses 10.1 to 10.3, Ireland and AIB retain the options to:",
  "text": "10.4.1. partially or fully convert the NPRFC Preference Shares to equity at par up to 13 May 2014 and thereafter at 125 % of the subscription price, in advance of, or as part of an exit (or part exit) event arising for the State involving the private sector; and\n10.4.2. dispose of the State's Contingent Capital Instrument at any time, notwithstanding that AIB will not have an option to redeem the State's Contingent Capital Instrument until after the Comprehensive Assessment, subject to regulatory approval.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudn/2015/218/annex/division/1/division/10/division/10.4",
    "retrieved_at": "2026-11-01T15:14:28.552204+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}