date:Dec 03, 2012
ff; at least 75% of the members need to approve it in the second round, which will be held on 12 December.
Glanbia Co-op Society chairman Liam Herlihy said that the first voting is a strong endorsement of the board's proposal.
Herlihy also noted that shareholders' approval in the second round of voting will give the newly-established JV, Glanbia Ingredients Ireland (GII), a strong start and put cash into the society.
The 10% shareholding is worth approximately 230m, of which 157m will be dist