Result -Tirlán Equity Placement&Off MarketPurchase

Summary by AI ^BETAClose X

Glanbia plc announced that Tirlán Co-operative Society Limited has sold 12 million ordinary shares, approximately 5% of the company's issued capital, for €257.6 million. This transaction comprised a €21.47 per share equity placement to institutional investors and an off-market purchase of 2,328,830 shares by Glanbia itself, utilizing the remaining €50 million of its authorized buyback program. Following the cancellation of these repurchased shares, Glanbia will have 239,613,665 ordinary shares outstanding, with Tirlán remaining the largest shareholder.

Disclaimer*

Glanbia PLC

12 June 2026

Glanbia plc

Result of Tirlán Equity Placement and Off Market Purchase

Glanbia plc, the Better Nutrition company ("Glanbia" or the "Company"), confirms that Tirlán Co-operative Society Limited ("Tirlán") has completed the sale of 12 million ordinary shares in the Company, representing approximately 5% percent of the Company's existing issued ordinary share capital, for a total consideration of approximately €257.6 million (the "Transaction").

This Transaction was effected by way of:

1. a private placement of 9,671,170 shares to institutional investors executed through an accelerated bookbuild offering process (the "Equity Placement"); and

2. an off-market sale by Tirlán to the Company of 2,328,830 shares (the "Off Market Purchase"") pursuant to the directed buyback contract (the "Directed Buyback Contract") between the Company and Tirlán approved by shareholders at the annual general meeting of the Company held on 29 April 2026 (the "2026 AGM").

The price per Share in both the Equity Placement and the Off Market Purchase was €21.47 and was determined by a bookbuild offering to institutional investors with settlement expected to occur on or around 16 June 2026.

The shares acquired by the Company pursuant to the Off-Market Purchase will be cancelled. Following settlement of the Off-Market Purchase and subsequent share cancellation, Glanbia is expected to have 239,613,665 ordinary shares in issue. Following the Transaction, Tirlán remains the largest equity investor in Glanbia plc with a holding of 31,548,762 ordinary shares.

On 25 February 2026, the Company announced that the Board had approved a €100 million share buyback programme, of which €50 million was commenced on the same date. The €50 million programme which commenced on 25 February 2026 remains ongoing. The Off-Market Purchase will utilise the remaining €50 million of the authorised €100 million buyback programme.

For further information contact:

Glanbia plc +353 56 777 2200

Mark Garvey, Chief Financial Officer

Liam Hennigan, Group Secretary & Head of Investor Relations: +353 86 046 8375

Martha Kavanagh, Director of Corporate Affairs: +353 87 646 2006

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END