IPL Plastics, formerly known as One51, has indicated a price range of C$13.50 to C$16.00 (€9 to €10.60) per share will be offered to shareholders as part of a C$50m (€33.2m) share buyback offer that closes on Thursday, 31 May 2018. This offer values original shares in One51 between C$2.70 and C$3.20 (€1.79 to €2.12) per share.

The buyback offer enables Irish investors, including the Irish co-op’s which own 25% of shares, to offload their stake in the business at the same valuation as the stock market launch price. However, IPL Plastics does not anticipate many shareholders will take up the offer.