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Glanbia Co-operative (IRSH)


Wednesday 17 October, 2018

Glanbia Co-operative

Addition to the Exchange Property

RNS Number : 4007E
Glanbia Co-operative Society Ltd
17 October 2018

17 October 2018


Glanbia Co-operative Society Limited €100,000,000 1.375 per cent.

Secured Exchangeable Bonds due 9 June 2021

exchangeable into ordinary shares of Glanbia plc

(ISIN: XS1431430740) (the "Bonds")



Capitalised terms not otherwise defined in this notice shall have the meaning given to them in the Terms and Conditions of the Bonds.


Addition to the Exchange Property


In accordance with the Terms and Conditions of the Bonds, Glanbia Co-operative Society Limited (the "Issuer") hereby gives notice to Bondholders that, as a result of the dividend of EUR0.0971 paid to ordinary shareholders of Glanbia plc on 5 October 2018, which constituted a Capital Distribution of an amount determined in accordance with the definition thereof in the Conditions, pursuant to Conditions 10(b)(iii)(B) and 10(e) and effective 17 October 2018:


·     29,343 Glanbia plc shares shall be added to the Exchange Property and that from such date the Exchange Property shall therefore comprise 4,337,021 Glanbia plc shares; and,


·     the Exchange Property to which the holder of €100,000 principal amount of Bonds would be

entitled upon exercise of the Exchange Right in respect of such Bond following such change is 4,337.0210 Glanbia plc shares.



For further information contact

Glanbia Co-operative Society Limited +353 56 777 2200 


Martha Kavanagh, Head of Media Relations:  +353 87 646 2006

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










This announcement has been issued through the Companies Announcement Service of Euronext Dublin.


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