DUBLIN, Ireland, May 29, 2003 (PRIMEZONE) -- Allied Irish Banks, p.l.c. ("AIB") (NYSE:AIB) announces that on 28 May 2003, it purchased 1,470,000 of its ordinary shares, at an average price of 13.0729 Euro, to be held as treasury shares.
The share buyback programme announced and undertaken in connection with the merger of M&T Bank Corporation and Allfirst Financial, Inc. has now been completed. To maximise shareholder value, AIB continues to keep the management of its capital under review.