Shares fall after bank’s move

ULSTER BANK has taken control of 15.9% of the shares in Greencore, the Irish food company worth €41 million at today’s prices.

Greencore’s shares fell 5.9% to €1.27 in Dublin yesterday.

The Ulster Bank statement said a Greencore Group investor who owns 15.9% of the company’s shares cannot make decisions on its voting rights without getting written instructions from Ulster Bank.