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John Daly, who was appointed to the board of Glanbia plc as an independent non-executive director in May, has taken advantage of the recent share slump in the performance nutrition and ingredients company and purchased 5,000 shares on Wednesday.
He purchased the shares at €10.95 each, which came to a total of almost €55,000. He had no shares up to this point in Glanbia.
Daly is also chair of soft drinks Company, Britvic and Vivo Energy. He is a former CEO of multinational cigarette and tobacco manufacturing company, British American Tobacco.
Lows
Shares in Glanbia which had fallen 22% since Tuesday to lows below €11, have been trading slightly above the €11 on Friday. They are down 40% since March.
It is also understood a Glanbia council meeting was brought forward to today (Friday) to update members on the half year results. It had been scheduled for next Friday originally.
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