Share Base Cost Post Demergers
Following the transfer by Fyffes of part of its property undertaking to Blackrock International Land plc (Blackrock) in exchange for the issue of Blackrock shares to the shareholders in Fyffes, the base cost of Fyffes shares must be apportioned accordingly. Set out in the link below is the advice received from the Irish and the UK Tax Authorities as to how they will treat this split for calculation of capital gains and losses.
Blackrock demerger share base cost (15 Kb PDF)
Following the demerger by Fyffes of its general produce and distribution business to Total Produce plc (“Total Produce”) in exchange for the issue of Total Produce shares to the shareholders in Fyffes, the base cost of Fyffes shares must be apportioned accordingly. Set out in the link below is the advice received from the Irish and the UK Tax Authorities as to how they will treat this split for calculation of capital gains and losses.
Total Produce demerger share base cost (26 Kb PDF)
| Summary | Ireland | UK | |
| 1. Purchased pre Blackrock International Land demerger Sold before Total Produce demerger | FYF BIL | 77.0% 23.0% | 78.94% 21.06% |
| 2. Purchased pre Blackrock International Land demerger Sold after both demergers | FYF BIL TP | 42.4% 23.0% 34.6% | 43.42% 21.06% 35.52% |
| 3. Purchased post Blackrock International Land demerger and pre Total Produce Sold after Total Produce demerger | FYF TP | 55.0% 45.0% | 56.06% 43.94% |
| 4. Purchased post both demergers | No Impact | ||
Fyffes plc, 29 North Anne Street, Dublin 7, Ireland. Phone: + 353 1 887 2700
Registered in Ireland. No: 73342.