Possible Offer for Permanent TSB Group Holdings
Scotchstone Capital LLP
09 October 2026
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF APPLICABLE LAW
THIS IS AN ANNOUNCEMENT UNDER RULE 2.4 OF THE IRISH TAKEOVER PANEL ACT 1997, TAKEOVER RULES 2022 AND IS NOT AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7. THERE CAN BE NO CERTAINTY THAT ANY OFFER WILL BE MADE.
9 October 2026
SCOTCHSTONE CAPITAL LLP
POSSIBLE OFFER FOR PERMANENT TSB GROUP HOLDINGS PLC
Scotchstone Capital LLP ("Scotchstone") confirms that it is considering making an offer for Permanent TSB Group Holdings plc ("PTSB").
There can be no certainty that any offer will be made or as to the terms on which any offer might be made.
Disclosure requirements
Under Rule 8.3(b) of the Irish Takeover Rules, any person 'interested' (directly or indirectly) in 1% or more of any class of 'relevant securities' of the Company must disclose all 'dealings' in such 'relevant securities' during the 'offer period'. The disclosure of a 'dealing' in 'relevant securities' by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (Irish/UK time) on the business day following the date of the transaction. A dealing disclosure must contain the details specified in Rule 8.6(b) of the Irish Takeover Rules, including details of the dealing concerned and of the person's interests and short positions in any 'relevant securities' of the Company.
Disclosure tables, giving details of the companies in whose 'relevant securities' 'opening positions' and 'dealings' should be disclosed, can be found on the Takeover Panel's website at www.irishtakeoverpanel.ie.
'Interests' in securities arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in the price of securities. In particular, a person will be treated as having an 'interest' by virtue of the ownership or control of securities, or by virtue of any option in respect of, or derivative referenced to, securities.
Terms in this section have the meanings given to them in the Irish Takeover Rules. If you are in any doubt as to whether you are required to disclose a dealing under Rule 8, you should consult the Panel's website at www.irishtakeoverpanel.ie or contact the Panel by telephone on +353 1 678 9020.
Responsibility
The Designated Members of Scotchstone Capital LLP accept responsibility for the information contained in this announcement. To the best of their knowledge and belief, having taken all reasonable care to ensure that such is the case, the information contained in this announcement is in accordance with the facts and, where appropriate, does not omit anything likely to affect the import of such information.
General
This announcement is for information purposes only and does not constitute or form part of an offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any securities, or the solicitation of any vote or approval in any jurisdiction, pursuant to this announcement or otherwise. Any offer, if made, will be made solely by an offer document or scheme document (as applicable) to be published in due course, which will contain the full terms and conditions of any such offer, including details of how it may be accepted.
Confidentiality
Scotchstone intends to maintain strict confidentiality in respect of relevant discussions and does not presently intend to make any further public disclosure concerning those discussions except as required by applicable law, the Irish Takeover Rules, the Irish Takeover Panel, any competent court or other regulatory authority.
A copy of this announcement will be available at www.scotchstone-capital.com
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