on Tirlán Co-operative Society Limited (isin : XS2436579978)
Tirlán Co-operative Society Limited: Secondary Share Sale Outcome
Tirlán Co-operative Society Limited has announced the completion of a secondary share sale, disposing of 17 million ordinary shares in Glanbia plc. The shares were sold at €13.55 each, generating approximately €230.35 million in gross proceeds. The funds will facilitate the repurchase of Tirlán's €250 million secured exchangeable bonds due in January 2027.
Post-sale, Tirlán remains the largest equity investor in Glanbia plc, holding over 43 million ordinary shares, representing about 7% of the company's share capital. The secondary share sale was coordinated by Goodbody Stockbrokers UC, J&E Davy, and Rabobank-Kepler Cheuvreux acting as joint global coordinators and joint bookrunners. The settlement is expected on October 3, 2025.
R. H.
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