The transaction is subject to the execution of binding legal agreements between the PLC and the Co-op. The transaction consideration is fixed at €307m, is expected to be paid in cash, and is not subject to any adjustment mechanisms post completion. If the proposed transaction completes, GI is not required to pay any dividend to the PLC in respect of the 2021 financial year or otherwise, prior to completion. GI and the Co-op will change their respective names following a transitional period post completion to names that do not include Glanbia.