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Glanbia Co-operative (IRSH)

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Friday 01 September, 2017

Glanbia Co-operative

Glanbia Co-Op confirms transfer of 5.9m plc shares

RNS Number : 6417P
Glanbia Co-operative Society Ltd
01 September 2017
 

RNS

 

Glanbia Co-operative Society confirms the transfer of 5.9 million Glanbia PLC shares to over 14,700 members

1 September 2017, Glanbia Co-operative Society Limited ("Glanbia Co-op") wishes to announce that it has transferred, via "spin-out", a total of approximately 5.9 million Glanbia plc shares to over 14,700 members of Glanbia Co-op. This equates to approximately 2% of the issued share capital of Glanbia plc. The average number of shares in Glanbia plc received by each individual member of Glanbia Co-op is 401.

Following the completion of the spin-out, Glanbia Co-op remains the largest individual shareholder in Glanbia plc, with 31.5% of the issued share capital.

The spin-out and the formation of the Glanbia Ireland joint venture were among a number of measures approved by the eligible members of Glanbia Co-op at a special general meeting held on 18 May 2017. These measures are also related to the purchase by Glanbia Co-op of 60% of the Dairy Ireland business from Glanbia plc which was completed on 2 July 2017.

 

For further information contact:

 

Glanbia Co-operative Society Limited

Pat O'Keeffe, Head of Farmer Relations                                       +353 87 241 4970  

 

For further information relating to Glanbia plc:

 

Investor contact:

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

 

Media contact:

Mark Garrett, Director of Communications & Public Affairs +353 86 601 9655

 

This announcement has been issued through the Companies Announcement Service of

The Irish Stock Exchange

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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