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Some 14,700 Glanbia co-op members will receive their shares in Glanbia plc in mid-September, the co-op has said.
This comes following the outcome of the vote held in Punchestown in May.
This will see the average member receiving 387 plc shares, worth a total of €6,153 based on Tuesday’s closing share price of €15.90.
However, the real value of the shares to each co-op member can only be calculated on the day they receive their share certificates.
Before the Glanbia Ireland proposal was first announced in February, Glanbia plc shares were trading at €17.30/share and they peaked at almost €20/share in April.
On the day of the May vote to establish Glanbia Ireland, the shares closed at €17.77.
Since the peak set in April, the share price has fallen almost 25% to €15.90.
Once they receive their Glanbia plc share certificates and the accompanying information pack, farmers can decide whether to sell or keep their shares.
With significant investment taking place on farms, it is expected that some farmers will cash in their shares.
This will incur capital gains tax liability and farmers are advised to seek financial advice if they wish to sell.
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