TIDMGLB

RNS Number : 1288Z

Glanbia PLC

20 January 2022

Glanbia plc Transaction in Own Shares

20 January 2022, Glanbia plc ("Glanbia" or "the Company"), the global nutrition Company has been informed that Glanbia Co-operative Society ("the Co-op") has completed the sale of approximately 5.75 million ordinary shares in the Company (the "Shares"), representing around 2 percent of the Company's issued share capital, for a total consideration of approximately EUR70 million (the "Equity Placement"). Concurrently with the Equity Placement, the Co-op placed EUR 250 million senior secured bonds and certain subscribers to these bonds placed existing Shares (the "Delta Shares") together with the Equity Placement (the "Placement")

The price per Share in the Placement was EUR12.25 and was determined by a book-build offering to institutional investors with settlement expected to occur on or around 24 January 2022.

Pursuant to the Company's existing authority to repurchase shares, the Company has participated in the Placement via Glanbia's broker Davy and today purchased 2,527,152 Shares (representing around 0.9 percent of the Company's existing issued share capital), at a price of EUR12.25 per Share (the "Buyback"). The Shares purchased in the Buyback will be cancelled. Following settlement of the above transaction and subsequent share cancellation Glanbia will have 284,022,805 ordinary shares in issue.

The purchase of shares from the Co-op as part of the Buyback constitutes a related party transaction for the Company under the Euronext Listing Rules ("Euronext LR") and the FCA Listing Rules ("FCA LR"). Pursuant to paragraph 11.1.15 (2)(a) of the Euronext LR and paragraph 11.1.10 (2)(b) of the FCA LR, Davy Corporate Finance confirms that the terms of the Buyback with the related party, are fair and reasonable as far as the shareholders of the Company are concerned.

The Buyback completed today by the Company is incremental to the ongoing EUR50 million share repurchase programme announced on 8 December 2021.

ENDS

For further information please contact:

Glanbia plc +353 56 777 2200

Mark Garvey, Group Finance Director

   Liam Hennigan, Group Director of Strategic Planning & Investor Relations:          +353 86 046 8375

Martha Kavanagh, Head of Corporate Communications: +353 87 646 2006

   Davy     +353 1 679 7788

Ivan Murphy/Ronan Veale

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(END) Dow Jones Newswires

January 20, 2022 07:11 ET (12:11 GMT)

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