Permanent Tsb Group Holdings Cdi — PTSB Acquisition: BAWAG Receives ECB Approval

(LSE:PTSB) Permanent TSB Group Holdings announces that on 6 November 2026, BAWAG Group received regulatory approval from the European Central Bank (ECB) for its planned acquisition of Permanent TSB. This approval is described as a material milestone in advancing the completion of the deal. The acquisition remains subject to sanction by the High Court. Interested parties holding 1% or more of PTSB securities are required to make dealing disclosures by 3.30pm (Irish time) on the business day following any trade. BAWAG and any concert parties must disclose dealings by 12pm (Irish time) on the business day after a transaction. The announcement states that there is no profit forecast or estimate included. The timing of completion for the acquisition remains uncertain. The regulatory approval by the ECB is a key step but does not finalize the transaction. The requirement for dealing disclosures applies to significant shareholders and BAWAG-related parties. The High Court sanction is a necessary condition for the acquisition to proceed. The announcement does not provide any financial figures related to the acquisition price or terms. No additional operational or financial updates are included in this announcement. The disclosure obligations are clearly outlined for parties with substantial holdings. The announcement is focused on regulatory and procedural updates rather than financial performance. The process remains ongoing pending court approval. No executive quotes or further commentary are provided in the text.

Permanent Tsb Group Holdings Cdi — PTSB acquisition: Shareholders approve transaction

(LSE:PTSB) Permanent TSB Group Holdings plc shareholders approved the proposed acquisition by BAWAG Group AG with 91% of votes cast at the scheme meeting supportive of the transaction. All related resolutions at the PTSB extraordinary general meeting received the requisite approvals. BAWAG Group's all-cash offer, announced in April 2026, is to acquire 100% of PTSB's issued share capital. The completion of the transaction is expected in the fourth quarter of this year or the first quarter 2027 and remains subject to satisfaction or waiver of the other conditions set out in the Scheme Document sent to PTSB shareholders dated 15 May 2026, including High Court sanction and the remaining regulatory approval. BAWAG Group serves more than four million customers as a pan-European and U.S. banking group. The directors of the management boards of each of BAWAG and BAWAG PSK accept responsibility for the information contained in this Announcement. No statement in this Announcement is intended as a profit forecast or estimate for any period.