Glanbia PLC Glanbia increases and extends EUR50m share buyback (3487Y)
04 Maggio 2023 - 8:05AM
UK Regulatory
TIDMGLB
RNS Number : 3487Y
Glanbia PLC
04 May 2023
Glanbia increases and extends existing EUR50m share buy-back of
up to EUR50m to EUR100m
4 May 2023, Glanbia plc, the better nutrition company, (the
"Company" or the "Group") announces that it has increased and
extended its existing share buy-back programme of up to EUR50
million to up to EUR100m in total value in Glanbia plc ordinary
shares ("Shares"). The purpose of the increased and extended
buy-back programme is to further reduce the share capital of the
Company (any Shares repurchased for this purpose will be
cancelled).
Details of the programme
The Company has entered into an agreement with J&E Davy
("Davy") to act as principal in relation to the purchase of the
Company's Shares, within certain pre-set parameters.
The increased and extended programme will run from 4 May 2023,
through to 30 September 2023, unless otherwise terminated in
accordance with the Company's agreement with Davy and prevailing
authority.
Under the terms of the agreement, Davy will make purchases of
the Shares under the buy-back programme independently of, and
uninfluenced by, the Company. Purchases may continue during any
closed period to which the Company is subject. The Company confirms
that it currently has no unpublished inside information.
The increased and extended share buy-back programme will be
conducted within the limitations of the Company's general authority
to repurchase Shares, and conditional upon the passing of
Resolution 10 proposed to be approved by the Company's shareholders
at the 2023 Annual General Meeting to be held today, 4 May 2023, up
to a maximum of 10% of the issued share capital of the Company as
at 3 March 2023, being 27,228,736 Shares.
The programme will be conducted in accordance with Chapter 9 of
the Euronext Dublin Listing Rules and the relevant provisions of
the Market Abuse Regulation 596/2014/EU and the Commission
Delegated Regulation (EU) 2016/1052 (also as in force in the United
Kingdom ("UK"), from time to time, including, where relevant,
pursuant to the UK's Market Abuse (Amendment) (EU Exit) Regulations
2019) as well as the rules of the Central Bank of Ireland.
ENDS
For further information contact:
Glanbia plc +353 56 777 2200
Mark Garvey, Group Finance Director
Liam Hennigan, Group Secretary & Head of Investor Relations:
+353 86 046 8375
Martha Kavanagh, Head of Corporate Communications: +353 87 646
2006
Davy
Ivan Murphy/Ronan Veale +353 1 679 7788
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END
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(END) Dow Jones Newswires
May 04, 2023 02:05 ET (06:05 GMT)
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