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Glanbia ( (GLAPF) ) has issued an announcement.
Glanbia plc has repurchased 16,450 of its ordinary shares on Euronext Dublin at a volume-weighted average price of €19.915, with the shares to be cancelled, as part of its ongoing share buyback programme. This transaction is one step within Glanbia’s previously announced plan to repurchase up to €50 million of its stock by 30 September 2026, reducing the number of shares in issue to 242,454,620 and signalling continued capital returns to shareholders.
The company is executing the buyback through broker J&E Davy under the framework of EU Market Abuse Regulation, which requires detailed trade disclosure. The reduction in share count is expected to enhance earnings per share and underscores Glanbia’s confidence in its financial position and long-term strategy, potentially supporting its valuation and strengthening its standing in the public markets.
More about Glanbia
Glanbia plc, branded as the Better Nutrition company, operates in the nutrition and food sector, focusing on value-added dairy and performance nutrition products. The group is listed on Euronext Dublin and manages a broad portfolio of branded and ingredient-based nutrition offerings for global markets.
See more insights into GLAPF stock on TipRanks’ Stock Analysis page.