Glanbia PLC Glanbia Co-Op confirms transfer of 5.9m plc shares (6392P)
September 01 2017 - 9:46AM
UK Regulatory
TIDMGLB
RNS Number : 6392P
Glanbia PLC
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 information is provided by RNS
The company news service from the London Stock Exchange
END
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September 01, 2017 10:46 ET (14:46 GMT)
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