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

[haroldsxxx]

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?

 

[Brendan Burgess]

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