IFOX shareholders include 13 banks - AIB, Bank of Ireland, Ulster Bank, Citibank, National Irish Bank, BNP, ABN-Amro, ICC, Anglo Irish Bank, Woodchester, Irish Permanent and ACC; five stockbrokers - Davy, NCB, Riada, Goodbody and Bloxham; four fund managements groups - Bank of Ireland Asset Managers, AIB Investment Managers, Irish Life and Eagle Star and three treasury groups - Hibernian Insurance, Gandon, and Irish Telecommunications Investments.

The directors who took the decision to recommend winding up are: Fonan O'Donoghue (chairman), Bank of Ireland Asset Managers; Fergus Sheridan, acting chief executive; Stephen O'Dwyer, Citibank; Eamon Hackett, AIB; Mick Dunne, Goodbody Stockbrokers; Jonathan Westrup, NCB; Michael, Sweeney, Bank of Ireland;, Mick Grace, MB Investment Managers and John Coffey, BNP.