Fyffes’ shareholders back de-merger

FYFFES has confirmed that, at its EGM held in Dublin yesterday, shareholders adopted the proposed resolutions approving the de-merger of its property undertaking to Blackrock International Land and its subscription for 40% of Blackrock.

Shares in Blackrock will be allotted later this week to Fyffes shareholders appearing on the company’s register at 5pm yesterday.

It is expected that trading in Blackrock shares will commence on IEX and AIM on May 15.