Goldman Sachs International submitted a Form 38.5(b) disclosure to the Irish Takeover Panel on 12 November 2026, reporting securities dealings in Permanent TSB Group Holdings plc (-PTSB) conducted on 11 November 2026. The disclosure was made under Rule 38.5(b) of the Irish Takeover Panel Act, 1997, Takeover Rules, 2013, covering activity by Goldman Sachs International in its capacity as a connected exempt principal trader. Goldman Sachs International is identified in the announcement as adviser to the offeree, Permanent TSB Group Holdings plc, a Dublin-headquartered retail banking group operating primarily in Ireland.

Key Points

  • Permanent TSB Group Holdings plc (-PTSB), with Goldman Sachs International acting as connected exempt principal trader
  • Goldman Sachs International disclosed dealings in EUR 0.01 ordinary shares of Permanent TSB Group Holdings plc on 11 November 2026
  • Following dealing, Goldman Sachs International held a long position of 57,969 shares (0.01%) and a short position of 75,992 shares (0.01%)
  • Investors should watch for further Rule 38.5(b) disclosures as the Irish takeover process surrounding Permanent TSB Group Holdings progresses

Goldman Sachs International's Disclosed Dealings in Permanent TSB EUR 0.01 Ordinary Shares

The Form 38.5(b) announcement details four categories of transaction carried out by Goldman Sachs International in Permanent TSB Group Holdings plc's EUR 0.01 ordinary shares on 11 November 2026. These comprised a borrow partial return sale of 10,351 securities, a borrow full return sale of 7,639 securities, a loan new sale of 2,712 securities, and a loan partial return purchase of 2,679 securities. No price per unit was disclosed for any of these transactions in the announcement. No derivatives or options transactions were reported alongside these dealings.

Post-Dealing Position: Goldman Sachs International's Long and Short Exposure to Permanent TSB

Following the transactions disclosed, Goldman Sachs International held a long position of 57,969 shares in Permanent TSB Group Holdings plc, equating to 0.01% of the relevant share class. Its short position stood at 75,992 shares, also representing 0.01%. No interests or short positions in other classes of Permanent TSB securities were reported. The announcement confirms that no agreements, arrangements, or understandings relating to options or derivatives exist between Goldman Sachs International and any other party in connection with these holdings.

Goldman Sachs International's Role as Adviser to Permanent TSB Under Irish Takeover Rules

The nature of Goldman Sachs International's connection to Permanent TSB Group Holdings plc is explicitly stated in the disclosure as "Adviser to Offeree," confirming the investment bank is acting in an advisory capacity to the target company within an ongoing Irish takeover process. This classification as a connected exempt principal trader — without recognised intermediary status or not dealing in a client-serving capacity — determines the applicability of the Rule 38.5(b) reporting obligation. Contact persons named in the announcement are Papa Lette and Andrzej Szyszka, reachable via Paris and Warsaw offices respectively.