Tirlán Completes Secondary Share Sale and Buyback

Tirlán Co-operative Society Limited has successfully completed a secondary sale of shares. The company sold 9,671,170 ordinary shares through an accelerated bookbuild offering, part of an equity placement process. Additionally, Tirlán participated in a directed buyback with Glanbia plc, selling 2,328,830 shares off-market. The shares were priced at €21.47 each, generating approximately €257.6 million in gross proceeds.

After the transactions, Tirlán will hold around 31.5 million ordinary shares in Glanbia, accounting for about 13.17% of the company's share capital. The sale was coordinated by Goodbody Stockbrokers and Rabobank-Kepler Cheuvreux, who acted as joint global coordinators and bookrunners. The firms ensured successful integration and compliance across necessary jurisdictions.