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Glanbia plc confirmed that Tirlán Co-operative Society Limited completed the sale of 12 million ordinary shares in Glanbia, representing approximately 5% of the Company's existing issued share capital, for a total consideration of approximately €257.6 million. This transaction, priced at €21.47 per share, comprised a private placement of 9,671,170 shares to institutional investors and an off-market purchase by Glanbia plc of 2,328,830 shares, approved by shareholders on 29 April 2026. Following settlement expected around 16 June 2026, the acquired shares will be cancelled, resulting in Glanbia having 239,613,665 ordinary shares in issue and Tirlán holding 31,548,762 ordinary shares.
| Date | 12 Jun 2026 |
| Time | 07:05:00 |
| Category | Miscellaneous |
| ID | 0228I |
Glanbia plc
Result of Tirlán Equity Placement and Off Market Purchase
Glanbia plc, the Better Nutrition company ("Glanbia" or the "Company"), confirms that Tirlán Co-operative Society Limited ("Tirlán") has completed the sale of 12 million ordinary shares in the Company, representing approximately 5% percent of the Company's existing issued ordinary share capital, for a total consideration of approximately €257.6 million (the "Transaction").
This Transaction was effected by way of:
1. a private placement of 9,671,170 shares to institutional investors executed through an accelerated bookbuild offering process (the "Equity Placement"); and
2. an off-market sale by Tirlán to the Company of 2,328,830 shares (the "Off Market Purchase"") pursuant to the directed buyback contract (the "Directed Buyback Contract") between the Company and Tirlán approved by shareholders at the annual general meeting of the Company held on 29 April 2026 (the "2026 AGM").
The price per Share in both the Equity Placement and the Off Market Purchase was €21.47 and was determined by a bookbuild offering to institutional investors with settlement expected to occur on or around 16 June 2026.
The shares acquired by the Company pursuant to the Off-Market Purchase will be cancelled. Following settlement of the Off-Market Purchase and subsequent share cancellation, Glanbia is expected to have 239,613,665 ordinary shares in issue. Following the Transaction, Tirlán remains the largest equity investor in Glanbia plc with a holding of 31,548,762 ordinary shares.
On 25 February 2026, the Company announced that the Board had approved a €100 million share buyback programme, of which €50 million was commenced on the same date. The €50 million programme which commenced on 25 February 2026 remains ongoing. The Off-Market Purchase will utilise the remaining €50 million of the authorised €100 million buyback programme.
For further information contact:
Glanbia plc +353 56 777 2200
Mark Garvey, Chief Financial Officer
Liam Hennigan, Group Secretary & Head of Investor Relations: +353 86 046 8375
Martha Kavanagh, Director of Corporate Affairs: +353 87 646 2006