Last checked at 1 Apr 2015 15:16
01 April 2015
Glanbia plc, the global performance nutrition and ingredients group, has been informed by its largest shareholder, Glanbia Co-operative Society Limited ('the Society') of its intention to hold a Special General Meeting (SGM) of the Society on 14 May 2015 to recommend to its Members, for their approval, a number of proposals to transfer significant value to the Membership of the Society, details of which were announced on 18 March 2015.
A majority of more than two thirds of the Members present and voting at the meeting will be required to approve the proposals. It is expected that the result of the vote will be known on the day.
If these proposals are approved by the Members, the number of Glanbia plc shares held by the Society will reduce from 121.9 million (41.2% of Glanbia plc issued shares) to 107.9 million (36.5% of Glanbia plc issued shares). The Society's Board will retain the discretion to reduce the Society's holding in Glanbia plc to 33% in the future.
ENDS
For further information contact:Glanbia plc +353 56 777 2200
Media: Mark Garrett, Director of Communications and Public Affairs. Telephone +353 (86) 601 9655
Investors: Liam Hennigan, Head of Investor Relations. Telephone +353 (86) 046 8375