Co-op society to share €238m

Shareholders in Glanbia Co-operative Society are expected to endorse a range of proposals which, if approved, will result in them sharing a windfall of around €238m.

The co-op’s board will seek member approval at a special general meeting which is scheduled to take place from 12pm tomorrow in Gowran Park Racecourse, Co Kilkenny. Only eligible members will vote upon the proposals, but the windfall will be shared by all members.

Depending on the length of the meeting, Glanbia expects to have the result of the vote by around 4pm tomorrow, and expect to hold a press briefing shortly afterwards.