Permanent TSB Group Holdings PLC Share Transactions Reported by Connected Exempt Principal Trader J&E Davy

Overview of Permanent TSB Group Holdings in the Irish Banking Sector

Permanent TSB Group Holdings PLC is a key institution within Ireland’s retail and commercial banking sector, serving a broad customer base. As a publicly traded company on Irish exchanges, it is governed by the Irish Takeover Panel and relevant financial regulations. The transactions disclosed involve the company’s ordinary shares, each with a EUR0.50 denomination.

The Irish banking industry plays a vital role in Europe’s financial ecosystem. Regulatory requirements, such as those imposed by the Irish Takeover Panel, ensure transparency in share dealings, especially when involving connected parties or exempt principal traders. The disclosure under Rule 38.5(a) highlights the importance of monitoring share transactions that could influence corporate control or shareholder interests, offering investors clear insight into significant trading activities.

Role of J&E Davy as Connected Exempt Principal Trader

J&E Davy Unlimited Company is identified as a connected exempt principal trader with recognised intermediary status concerning Permanent TSB Group Holdings PLC. This status under Irish Takeover Panel rules signifies a defined relationship with the company or related parties in potential offer scenarios. As an exempt principal trader, J&E Davy can execute trades on behalf of clients while being exempt from certain disclosure requirements, provided specific conditions are met.

The disclosed transactions were conducted in a client-serving capacity, meaning trades were executed for clients rather than for J&E Davy’s proprietary account. This classification affects reporting obligations under Irish Takeover Panel regulations. Such disclosures ensure transparency of significant share transactions involving entities connected to the company, and J&E Davy’s recognised intermediary status confirms its regulatory authorisation and oversight.

Details of Share Purchases and Sales on 20 July 2026

On 20 July 2026, J&E Davy purchased 34,565 ordinary shares of Permanent TSB Group Holdings PLC at prices ranging from EUR2.99 to EUR3.01 per share, reflecting a narrow EUR0.02 trading range typical of normal market fluctuations.

On the same day, the firm sold 44,567 ordinary shares at prices between EUR3.00 and EUR3.01 per share, showing a tighter EUR0.01 spread. The volume sold exceeded purchases by 10,002 shares. The consistent price range from EUR2.99 to EUR3.01 across both buying and selling activities indicates orderly market conditions and stable valuation during the trading session.

Exclusion of Derivative and Complex Securities Transactions

The disclosure confirms that J&E Davy’s activity on 20 July 2026 involved only straightforward equity purchases and sales. No cash-settled derivatives, such as contracts for difference (CFDs), or stock-settled derivatives, including any options, were transacted. This absence of derivative dealings indicates direct ownership changes without hedging or leverage.

All sections of the disclosure form related to derivatives, subscriptions, or conversions were marked "N/A," confirming the transactions comprised conventional equity trades. This clarity aids investors in understanding the nature of share ownership changes without complexities from derivative exposures or conditional interests.

No Indemnity or Related Agreements Reported

The disclosure form required reporting of any indemnity, option arrangements, or agreements that might influence trading decisions. J&E Davy reported "N/A," indicating no such arrangements were in place. This suggests the transactions were conducted on an arm’s-length commercial basis without special protections or inducements.

Additionally, no agreements affecting voting rights related to these securities were disclosed. This clean reporting aligns with Irish Takeover Panel rules, which scrutinise arrangements that could impact voting or acquisition decisions, confirming the trades were standard commercial dealings without additional regulatory concerns.

Compliance with Irish Takeover Panel Rule 38.5(a)

The disclosure by J&E Davy complies with Rule 38.5(a) of the Irish Takeover Panel Act 1997, Takeover Rules 2022, which mandates that connected exempt principal traders with recognised intermediary status disclose dealings conducted in a client-serving capacity. This rule promotes transparency in share transactions involving connected entities.

The Irish Takeover Panel enforces strict requirements on disclosure timing, completeness, and accuracy. The filing to the Regulatory Information Service on 21 July 2026, one day after the transactions, ensures timely market communication. The disclosure form includes detailed definitions of terms like "connected principal trader," "dealing," and "relevant securities" as per the Rules.

Market Conditions and Share Price Insights on Transaction Date

The share prices involved in J&E Davy’s trades, ranging from EUR2.99 to EUR3.01 per share, reflect the market valuation of Permanent TSB Group Holdings PLC on 20 July 2026. The company did not disclose broader market price movements, opening or closing prices, or total market capitalisation for that day.

The narrow EUR0.02 price spread and the ability to execute significant purchase and sale volumes within this range indicate stable and liquid market conditions. This trading activity provides investors with evidence of meaningful share availability at consistent prices during normal trading hours.

Disclosure Contact and Filing Information

The disclosure was submitted by J&E Davy Unlimited Company, with Helen Byrne named as the contact person. The telephone number provided for inquiries is 016148705. These details facilitate communication between the Irish Takeover Panel, Permanent TSB Group Holdings PLC, and market participants for any clarification regarding the filing.

Dated 21 July 2026, the filing reflects standard practice with a one-day interval between transaction and disclosure, allowing for documentation and review. The comprehensive completion of the disclosure form demonstrates adherence to Irish Takeover Panel administrative requirements.

Investor Considerations and Monitoring

Investors in Permanent TSB Group Holdings PLC may use this Form 38.5(a) disclosure as part of their assessment of trading activity and market dynamics. The report confirms material trading by a connected exempt principal trader, with approximately 34,500 shares purchased and 44,500 shares sold on a single day. While the disclosure does not reveal the rationale behind these trades, it evidences significant share liquidity at prices near EUR3.00.

Monitoring patterns in such disclosures over time can provide insights into sentiment or positioning changes among informed market participants. However, since trades were executed in a client-serving capacity, they may reflect client instructions rather than the intermediary’s views. The disclosure offers transparency on timing, volume, and pricing, leaving interpretation of broader market impact to investors and analysts.