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Glanbia Co-operative (IRSH)

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Wednesday 16 October, 2019

Glanbia Co-operative

Addition to the Exchange Property

RNS Number : 1326Q
Glanbia Co-operative Society Ltd
16 October 2019
 

16 October 2019

 

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 EUR0.1068 paid to

ordinary shareholders of Glanbia plc on 4 October 2019, 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 16 October 2019:

 

·     40,587 Glanbia plc shares shall be added to the Exchange Property, and from such date the

Exchange Property shall therefore comprise 4,377,608 Glanbia plc shares; and

 

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

entitled upon exercise of the Exchange Right in respect of such Bond is 4,377.6080 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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