Source - Alliance News
Glanbia PLC - Kilkenny, Ireland-based sports nutrition company - Tirlan Co-operative Society Ltd plans to sell up to 17.0 million Glanbia shares, a 7% stake, to finance the repurchase of €250 million in Trilan bonds, Glanbia announces after the London market close on Tuesday. The share sale is being conducted as an accelerated bookbuild led by Goodbody Stockbrokers and J&E Davy. Glanbia will participate by purchasing up to 45% of the shares on offer, spending up to €100 million, as part of its share buyback programme. The 17 million shares are worth about €238.2 million at Tuesday’s closing price.
Current stock price: €14.01
12-month change: down 11%
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