Directorate Change

RNS Number : 8101U

Glanbia PLC

30 June 2009

 



Board Changes at Glanbia plc

Glanbia plc ('the Company') announces the retirement of Mr. Geoff Meagher from his executive roles of Deputy Group Managing Director and Group Finance Director and from the board of Glanbia plc on 30 June 2009, having reached normal retirement age. 

Ms. Siobhan Talbot is appointed to the board of Glanbia plc and to the position of Group Finance Director with effect from 1 July 2009.  

Ms. Talbot, aged 45, is a Chartered Accountant who has been with the Group since 1992. She was appointed Deputy Group Finance Director in June 2005 and prior to that held a number of senior positions in the Group.

Ms. Talbot has notified the Company that she has no details to be disclosed as required under Paragraph 6.6.7 Chapter 6 of the Irish Listing Rules and Paragraph 9.6.13, Chapter 9 of the UK Listing Rules.

Ms. Talbot has today (30 June 2009) on her appointment notified the Company, pursuant to Section 53 of the Companies Act, 1990 as extended by Section 64 of the Companies Act 1990, that she is interested in the following in Glanbia plc:

1. 17,693 ordinary shares of €0.06 each.

2. 75,000 options under the 2002 Long Term Incentive Plan, at an exercise price of €2.725 per share.

3. As a participant of the 2002 Long Term Incentive Plan, Ms. Talbot is eligible for a share award of: 10% of the balance of 4,000 ordinary shares that she continues to hold following the second anniversary of the exercise of the share option over 164,000 ordinary shares on 28 August 2009; 10% of the 75,000 ordinary shares that she continues to hold following the second anniversary of the exercise of the share option.

4. Award in respect of up to 24,000 ordinary shares of €0.06 each may vest under the 2007 Glanbia plc Long Term Incentive Plan - award date 30 August 2007.

5. Award in respect of up to 45,000 ordinary shares of €0.06 each may vest under the 2008 Glanbia plc Long Term Incentive Plan - award date 28 August 2008.

6. Award in respect of up to 56,000 ordinary shares of €0.06 each may vest under the 2008 Glanbia plc Long Term Incentive Plan - award date 9 June 2009.

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