About this campaign
This initiative addresses the proposed acquisition of Permanent TSB Group Holdings plc (the “PTSB”) by by BAWAG P.S.K., a wholly-owned subsidiary of BAWAG Group AG (together “BAWAG”), which was announced on 14 April 2026 (the “Transaction” or the “BAWAG Transaction”).
This website addresses minority shareholders in PTSB regarding the closing process of the Transaction. The cross-border EU Transaction has now moved into its approval and completion phase, and is subject to shareholder and regulatory approvals. It is proposed to be implemented by way of a High Court-sanctioned scheme of arrangement under Part 9 of the Irish Companies Act 2014.
This is an independent shareholder campaign organised by Scotchstone Capital Fund Ltd (“Scotchstone”), a shareholder in PTSB, which has been involved in litigation against the Irish State and PTSB following the PTSB forced recapitalisation by way of an ex parte Direction Order effected in July 2011 pursuant to the Credit Institutions (Stabilisation) Act 2010. Scotchstone’s principal is Piotr Skoczylas, who was also a Director on the PTSB Board. Mr Skoczylas, MBA, LL.M., was the first Director ever of a large listed Irish financial institution to be directly elected to the Board of Directors by a majority of shareholders at an EGM as a result of a successful proxy fight, before being appointed and accepted by the Central Bank of Ireland. You can contact us at this email address: info@opposePTSBSale.com
This initiative is coordinating ongoing shareholder opposition and voting against the BAWAG Transaction ahead of the PTSB EGM. Registered PTSB shareholders will be contacted with the formal proxy / voting information
If you hold shares through Euroclear, a custodian or a nominee, please contact forthwith:
Vote Against the BAWAG Acquisition of PTSB
Contrary to the public narrative, both value and number of votes matter
Register to vote against the acquisition of PTSB
PTSB Minority Shareholders Unite!
Vote Against the BAWAG Acquisition of PTSB
Vote Against the BAWAG Acquisition of PTSB
Contrary to the public narrative, both value and number of votes matter
Register to vote against the acquisition of PTSB
Vote Against the BAWAG Acquisition of PTSB
Contrary to the public narrative, both value and number of votes matter
Register to vote against the acquisition of PTSB
To be effective in their opposition to the Transaction, shareholders have to unite. If you wish to oppose the Transaction, register your details on this site, and we will send you helpful information in due course
This initiative is coordinating ongoing shareholder opposition and voting against the BAWAG Transaction ahead of the PTSB EGM. Registered PTSB shareholders will be contacted with the formal proxy / voting information
If you hold shares through Euroclear, a custodian or a nominee, please contact forthwith:
If you hold shares through Euroclear, a custodian or a nominee, please contact forthwith:
About this campaign
This website addresses minority shareholders in Permanent TSB Group Holdings plc (the “Company” or “PTSB”) regarding the closing process of the proposed acquisition of PTSB by BAWAG P.S.K., a wholly-owned subsidiary of BAWAG Group AG (together “BAWAG”), which was announced on 14 April 2026 (the “Transaction” or the “BAWAG Transaction”). The Transaction has now moved into its approval and completion phase. The cross-border EU Transaction, subject to shareholder and regulatory approvals, is proposed to be implemented by means of a High Court-sanctioned scheme of arrangement under Part 9 of the Irish Companies Act 2014.
We are a group of minority shareholders in PTSB, who recommend opposing the BAWAG Transaction. This is an independent shareholder campaign organised by Scotchstone Capital Fund Ltd (“Scotchstone”), a shareholder in PTSB, which has been involved in litigation against the Irish State and PTSB following the PTSB forced recapitalisation by way of an ex parte Direction Order effected in July 2011 pursuant to the Credit Institutions (Stabilisation) Act 2010. Scotchstone’s principal is Piotr Skoczylas, who was also a Director on the PTSB Board. Piotr was the first Director ever of a large listed Irish financial institution to be directly elected to the Board of Directors by a majority of shareholders at an EGM as a result of a successful proxy fight, before being appointed and accepted by the Central Bank of Ireland. You can contact us at the following email address: info@opposePTSBSale.com
This campaign is not affiliated with PTSB, BAWAG, MUFG, Euroclear, CREST, or any regulator.
About this campaign
This initiative addresses the proposed acquisition of Permanent TSB Group Holdings plc (the “PTSB”) by by BAWAG P.S.K., a wholly-owned subsidiary of BAWAG Group AG (together “BAWAG”), which was announced on 14 April 2026 (the “Transaction” or the “BAWAG Transaction”).
This website addresses minority shareholders in PTSB regarding the closing process of the Transaction. The cross-border EU Transaction has now moved into its approval and completion phase, and is subject to shareholder and regulatory approvals. It is proposed to be implemented by way of a High Court-sanctioned scheme of arrangement under Part 9 of the Irish Companies Act 2014.
This is an independent shareholder campaign organised by Scotchstone Capital Fund Ltd (“Scotchstone”), a shareholder in PTSB, which has been involved in litigation against the Irish State and PTSB following the PTSB forced recapitalisation by way of an ex parte Direction Order effected in July 2011 pursuant to the Credit Institutions (Stabilisation) Act 2010. Scotchstone’s principal is Piotr Skoczylas, who was also a Director on the PTSB Board. Mr Skoczylas, MBA, LL.M., was the first Director ever of a large listed Irish financial institution to be directly elected to the Board of Directors by a majority of shareholders at an EGM as a result of a successful proxy fight, before being appointed and accepted by the Central Bank of Ireland. You can contact us at this email address: info@opposePTSBSale.com
About this campaign
This initiative addresses the proposed acquisition of Permanent TSB Group Holdings plc (the “PTSB”) by by BAWAG P.S.K., a wholly-owned subsidiary of BAWAG Group AG (together “BAWAG”), which was announced on 14 April 2026 (the “Transaction” or the “BAWAG Transaction”).
This website addresses minority shareholders in PTSB regarding the closing process of the Transaction. The cross-border EU Transaction has now moved into its approval and completion phase, and is subject to shareholder and regulatory approvals. It is proposed to be implemented by way of a High Court-sanctioned scheme of arrangement under Part 9 of the Irish Companies Act 2014.
This is an independent shareholder campaign organised by Scotchstone Capital Fund Ltd (“Scotchstone”), a shareholder in PTSB, which has been involved in litigation against the Irish State and PTSB following the PTSB forced recapitalisation by way of an ex parte Direction Order effected in July 2011 pursuant to the Credit Institutions (Stabilisation) Act 2010. Scotchstone’s principal is Piotr Skoczylas, who was also a Director on the PTSB Board. Mr Skoczylas, MBA, LL.M., was the first Director ever of a large listed Irish financial institution to be directly elected to the Board of Directors by a majority of shareholders at an EGM as a result of a successful proxy fight, before being appointed and accepted by the Central Bank of Ireland. You can contact us at this email address: info@opposePTSBSale.com