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Fri 03 Mar 2009Shareholders vent anger at BoI EGM
Bank of Ireland shareholders have passed a vote on the plan to recapitalise the bank with €3.5 billion through preference shares and the granting of warrants to the National Pensions Reserve Fund to subscribe for up to 25 per cent of ordinary shares in the bank.
During a heated extraordinary general meeting (EGM) in Dublin shareholders passed the plan which has restrictions on the payment of dividends and curbs on executives' pay, among other conditions.
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