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Glanbia Co-operative Society has announced details of its 2021 Trading Bonus Scheme and has confirmed the continuation of its monthly profit distribution payment for milk supplying Members.
It has also confirmed that, in the coming weeks, Glanbia Co-op will return a further €6.3m to 4,500 farmer shareholders under the terms of the 2020 Trading Bonus Scheme.
Glanbia Co-op owns 60% of Glanbia Ireland (“GI”) and receives a dividend each year which equates to 30% of the milk processor’s annual Profit-After-Tax (PAT). At the formation of GI in 2017, Members voted at a Special General Meeting (SGM) in Punchestown to ring-fence this dividend for distribution to active farmer Members of Glanbia Co-op. ....

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