PLC shares windfall for Glanbia members

Shares with a current value of about €530m have been transferred to Glanbia Co-op members since 2013, following the latest “spin-out” transfer of about 10 million Glanbia plc shares to the 15,600 co-op members.

The co-op still retains a 36.5% plc stake, worth about €1.9bn.

The latest transaction is aimed at releasing a portion of the value of the co-op and making it available to members at a time of significant expansion and investment in the Irish dairy industry.