Can I pay a sterling bill with my Irish euro cheque book?

Discussion in 'Banking, credit cards, etc' started by haroldsxxx, Dec 9, 2016.

  1. haroldsxxx

    haroldsxxx New Member

    This is not a share discussion.

    Greencore have a rights issue to buy a big US outfit. They have sent all shareholders an SAE with a take-up option on new shares at 9 for every 13 held, at a lower than mkt price.

    I guess that many of their shareholders are in Ireland. Greencore are now quoted on LSE in sterling. The issue is priced in sterling. They are asking us to affix a cheque if we want to proceed with take-up of cheap shares and indicate a price in sterling for full take up.

    My question: can I send them a cheque from my AIB cheque book indicating sterling as payment currency?
  2. Brendan Burgess

    Brendan Burgess Founder

    Hi Harold

    No, you can't pay in sterling from your euro account.

    It would be difficult to set a euro price for the shares as the euro/sterling rate is volatile at the moment. So paying in sterling is probably the only option.

    You will have to go to your bank and buy a bank draft in sterling for the amount you require.

    You should ring them to find out if you can pay in euro