Vol. 528 No. 2
135 Mr. N. Ahern asked the Minister for Finance the free shares or concessions which will be offered to customers and retired staff of the Trustee Savings Bank and ICC; his views on whether he has an obligation to customers and retired staff; and if he will make a statement on the matter. [30069/00]
The question of shares for customers only arises in the case of organisations such as mutual building societies which are owned by the customers. This does not apply in the case of TSB or ICC Bank. The proceeds from both sales will accrue to the Exchequer which will benefit all taxpayers.
In line with Government guidelines an ESOP has been negotiated between the management and staff of both banks. In accordance with standard practice, the ESOP will only be available to currently employed staff.
