Glanbia has warned shareholders to be aware of a scam in which companies make unsolicited phone calls offering to buy or sell Glanbia plc shares.
In what is known as “boiler room fraud”, companies, typically from overseas, offer to buy or sell shares at prices much higher than the market price.
The caller uses high-pressure sales tactics, telling shareholders they must make a quick decision or miss out on a lucrative deal.
They usually request bank details or money up front, along with a guarantee to pay back the money if the sale does not go ahead.
Company name
Shareholders who receive unsolicited calls are advised to note the name of the company to check if it is an investment firm authorised by the Central Bank of Ireland.
Glanbia urged shareholders not to respond to pressure to provide bank details or transfer money if they are unsure of the bona fide nature of the caller.