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Glanbia ( (GLAPF) ) just unveiled an update.
Glanbia has repurchased 15,102 of its ordinary shares on Euronext Dublin on May 13 at a volume-weighted average price of €19.765 per share, with the purchased stock to be cancelled. The transaction is part of a previously announced share buyback programme of up to €50 million running to 30 September 2026, and will reduce the number of ordinary shares in issue to 242,348,721 after settlement and cancellation.
By cancelling the repurchased shares, Glanbia is effectively returning capital to shareholders and marginally enhancing earnings per share, while signalling confidence in its balance sheet and future prospects. The ongoing buyback, executed through broker J&E Davy under EU market abuse rules, forms a continued element of the company’s capital allocation strategy and may support the stock’s trading performance over the programme’s duration.
More about Glanbia
Glanbia plc, branded as the Better Nutrition company, operates in the nutrition and food ingredients industry, focusing on value-added dairy-based and performance nutrition products. The group targets global consumer and business customers seeking premium nutritional solutions, with its shares listed on Euronext Dublin.
For a thorough assessment of GLAPF stock, go to TipRanks’ Stock Analysis page.