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DEAR SIR
I wish to address some issues raised in an anonymous letter published in your paper last week.
1. Glanbia Co-operative Society (“Glanbia Co-op”) has written to all members with details of a 2018 share trading programme. However, it is important to stress that this is an entirely voluntary programme (as clearly stated in the materials circulated to members).
2. The writer claims that the trading programme was “designed to facilitate the expansion of the dairy sector”. This is not the case – all eligible A1 members of Glanbia Co-op, regardless of farming enterprise, are entitled to apply to purchase shares in this programme. In the event of over-subscription, it has been decided that priority will be given to members with small shareholdings.
The letter writer is correct in stating that this particular share trading programme is not available to non-members. Over the past three years, a number of opportunities have been made available to eligible non-members to become Glanbia Co-op members through the issue of new shares.
These invitations were extended to milk suppliers, grain growers and other farmers who satisfied the relevant member admission criteria.
Members who wish to apply to participate in the share trading programme should note that the deadline for receipt of applications is Friday 7 December.
SHARING OPTIONS: