REG - Glanbia PLC - Glanbia increases and extends EUR50m share buyback

GlanbiaAnnouncement

04/05/2023 07:15

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RNS Number : 3487Y  Glanbia PLC  04 May 2023

Glanbia increases and extends existing €50m share buy-back of up to €50m
to €100m

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 €50 million to up to €100m 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 The Company confirms that it currently has no unpublished inside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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