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Glanbia Co-operative (IRSH)

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Monday 11 December, 2017

Glanbia Co-operative

Interest Payment on Secured Exchangeable Bonds

RNS Number : 9797Y
Glanbia Co-operative Society Ltd
11 December 2017
 

11 December 2017

 

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: IE00BDDN2224) (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.

 

Interest Payment on 1.375%. Secured Exchangeable Bonds due 9 June 2021 exchangeable into ordinary shares of Glanbia plc

 

Glanbia Co-operative Society Limited (the "Society") is pleased to announce that the Society has today paid interest due to Bondholders of EUR 687.50 per Bond with a record date of 9 December 2017.

 

Addition to the Exchange Property

 

In accordance with the Terms and Conditions of the Bonds, the Society also hereby gives notice to Bondholders that, as a result of the dividend of EUR0.0591 paid to ordinary shareholders of Glanbia plc on 6 October 2017, 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):

 

·      1,440 Glanbia plc shares were added to the Exchange Property and that the Exchange Property now comprises 4,301,132 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 4,301.1320 Glanbia plc shares.

 

For further information contact

Glanbia Co-operative Society Limited +353 56 777 2200 

 

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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