Farmers benefit from co-op’s plc shares

KERRY Co-op has transferred 10% of its equity stake in Kerry Group Plc directly back to its farmer shareholders.

As a result, the stake in Kerry Group held directly by the co-operative has dipped by just over 3%, from 30.8% to 27.7%.

Over 5.7 million shares were allocated on a pro rata basis to co-op member who were the beneficiaries of 8.12 public limited company shares for every co-op share held.