A meeting of Bank of Ireland shareholders has overwhelmingly backed a resolution which will allow a group of investors to take a stake in the bank.
Almost 99.6% of shareholders who voted backed the resolution at an EGM in Dublin this morning.
In July, it was announced that investors led by Fairfax Financial Holdings - and including WL Ross, Capital Research (part of The Capital Group), Fidelity Investments and Kennedy Wilson - would take a stake of almost 35% in the bank.
The resolution passed today waived the investors' obligations to make a takeover offer once their stake went above 30%.
Neither the investors nor the National Pensions Reserve Fund - which holds the Government's stake - were allowed to vote on the issue.
