Fyffes sends property company details to shareholders

A circular to Fyffes shareholders setting out details of the proposed demerger of the group’s property undertaking and the subscription for shares in the new property company has been posted today.

The circular includes notice of an extraordinary general meeting of the company to take place at 10am on Tuesday, May 9, in the Westin Hotel, College Green, Dublin 2.

On December 15, 2005, Fyffes announced its intention to establish a new, separately-quoted property company to be owned 60% by Fyffes’ shareholders and 40% by Fyffes plc.

The new property company is to be named Blackrock International Land plc.