Glanbia Co-op has distributed a 25% per share special dividend to shareholders.
The €10.1m is part of the proceeds of the €67.4m raised by the society after it was given the go-ahead at the co-op’s special general meeting in May 2015.
The €67.4m was funded through the sale of four million shares in Glanbia plc and subsequently created the member support group fund.
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Ordinary dividend
The society’s chair Henry Corbally said it had fulfilled its commitment to paying 25% of the fund as a special dividend to all shareholders.
“Glanbia Co-operative Society has a clear strategy that delivers value creation, by supporting our investments in Glanbia plc and Glanbia Ingredients Ireland (GII), and value distribution, through support for members and a progressive dividend policy.”
The co-op said this special dividend to all shareholders is in addition to the ordinary dividend of a 10% share, which is expected to be paid July.
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Glanbia Co-op has distributed a 25% per share special dividend to shareholders.
The €10.1m is part of the proceeds of the €67.4m raised by the society after it was given the go-ahead at the co-op’s special general meeting in May 2015.
The €67.4m was funded through the sale of four million shares in Glanbia plc and subsequently created the member support group fund.
Ordinary dividend
The society’s chair Henry Corbally said it had fulfilled its commitment to paying 25% of the fund as a special dividend to all shareholders.
“Glanbia Co-operative Society has a clear strategy that delivers value creation, by supporting our investments in Glanbia plc and Glanbia Ingredients Ireland (GII), and value distribution, through support for members and a progressive dividend policy.”
The co-op said this special dividend to all shareholders is in addition to the ordinary dividend of a 10% share, which is expected to be paid July.
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