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BoI offers share savings refund

The Bank of Ireland has refunded up to €20,800 (£18,183) to staff who took part in a share savings scheme that left them out of pocket following the collapse in its share price. The scheme launched in late 2003 and allowed staff to build up a fund that could be used to buy shares at €10.90, a 25 per cent discount to the share price when the scheme began. But the scheme backfired when the share price fell to under €1 before the maturation date earlier this year.