Shares Issue Scheme 2025/2026

APPLICATIONS NOW BEING SOUGHT FOR PHASE 1

Shares Issue Scheme Phase 1 is now open and Tirlán Co-op is seeking applications for the following categories:

• Category A: Existing A1s holding less shares than representative structure minimum of 800, and who meet other committee membership requirements, to top-up to 800 shares.
• Category B: Governance Academy Tier 1 graduates and current Committee observers who are not shareholders and who meet eligibility for A1 membership.
• Category C: Tirlán milk suppliers under the age of 40 who meet eligibility for A1 membership.
• Category D: Individuals who are not shareholders and have taken over a minimum of 75% control of milk accounts.
• Category E: Part-owner of milk account who is not a shareholder and who is in partnership with unrelated shareholder.

Further details on each category are outlined below.

If you believe you are eligible to purchase shares under any of the above categories please contact the Shares Office (058 44444) or your Milk Supply Manager for an application pack, alternatively click the link below to download a copy.

DOWNLOAD APPLICATION PACK HERE

THE DEADLINE FOR THE RECEIPT OF APPLICATIONS FOR PHASE 1 IS 2 JANUARY 2026.

 

Overview and Further Details

On 19 November 2025, the Council of Tirlán Co-operative Society Limited (“the Society or Co-op”) approved a Shares Issue Scheme for 2025/26.

The objectives of this scheme are to ensure a vibrant Society and to encourage active participation in the representative structure of the Society.

 

How will it work?

Tirlán will launch two independent and separate Share Transaction Schemes:

1. Shares Issue Scheme (Phases 1 and 2)
   1. Phase 1: In phase 1 (December 2025 – 2^nd January 2026), 5 groups outlined below will be offered the opportunity to purchase shares.
   2. Phase 2: In phase 2 (March 2026), other additional groups will be considered to be offered the opportunity to purchase shares.
2. Share Buyback Scheme (Phase 3)
   1. Phase 3: In phase 3 (May 2026), Tirlán will seek approval for a share buyback scheme at the AGM. Subject to approval of members at the AGM, Tirlán will launch a share buyback scheme.

A price of €5 per share applies to both schemes. This price is consistent with shares issued to new milk suppliers for many years.

 

Eligibility – Phase 1

Category A

Existing A1s holding less shares than representative structure minimum of 800, and who meet other committee membership requirements, to top-up to 800 shares.

Category A ensures that valued A1 members of the Society, who may have an interest in serving on a committee of the Society in the future, can bring their shareholding up to the minimum requirement to be on a committee of the Society’s representative structure.

The maximum, and the only, number of shares offered to you to purchase is the amount that will bring your holding to 800 Co-op shares.

If you take up this opportunity to buy shares, you will be required to pay the full cost of the shares you are eligible to purchase upfront.

If you have not received your pack and believe you are eligible, contact the Shares Office at (058) 44444.

Category B

Governance Academy Tier 1 graduates and current Committee observers who are not shareholders and who meet eligibility for A1 membership*.

• Payment details: €1,000 upfront payment with the remaining costs paid over 4 years.
• If you believe you are eligible to purchase shares under this category, please contact the Shares Office or your Milk Supply Manager who will arrange for application forms to be issued to you.

Category C

Tirlán milk suppliers under the age of 40 who meet eligibility for A1 membership*.

• Payment details: €1,000 upfront payment with the remaining costs paid over 4 years.
• If you believe you are eligible to purchase shares under this category, please contact the Shares Office or your Milk Supply Manager who will arrange for application forms to be issued to you.

Category D

Individuals who have taken over a minimum of 75% control of a milk account.

• Payment details: €1,000 upfront payment with the remaining costs paid over 4 years.
• If you believe you are eligible to purchase shares under this category, please contact the Shares Office or your Milk Supply Manager who will arrange for application forms to be issued to you.

Category E

Part-owner of a milk account who is in partnership with an unrelated shareholder.

• Payment details: €1,000 upfront payment with the remaining costs paid over 4 years.
• If you believe you are eligible to purchase shares under this category, please contact the Shares Office or your Milk Supply Manager who will arrange for application forms to be issued to you.

THE DEADLINE FOR THE RECEIPT OF APPLICATIONS FOR PHASE 1 IS 2 JANUARY 2026.

 

Contact: For queries, contact the Tirlán Co-op Shares Office: (058) 44444

*For this Shares Issue Scheme a person needs to be named on the milk account and own at least 20% to be eligible for Co-op shares.

The total consideration for the Share Issue Scheme will not exceed the value set out in section 3(b) of the European Union (Prospectus) Regulations 2019 as amended.