FFY.L Share Price (FFY)

Fair reply

Further to my previous, just received this from Fyffes: Thank you for your email. Unfortunately, our hands were tied in relation to this payment which is, in fact, funded by Sumitomo Corporation rather than Fyffes. Under the Scheme of Arrangement rules it was necessary to pay this consideration in Euro. Your final 2 cent per share dividend which is being paid later this week is being funded by Fyffes and will be paid in Sterling to shareholders with UK addresses in the usual way. Regards, Helen Lonergan Fyffes plc Only good thing is the drop in pound value which mitigates the cost a bit!

Funds arrived in bank account now by T/F

My cheque, too, was in euros as opposed to the GB P of all my dividend cheques. Queried it with Computershare UK who were usimpathetic and suggested that their Irish branch were following Fyffes instructions. As I see it, Fyffes are passing on, unfairly, costs and inconvenience to their shareholders. I have raised this with Fyffes and await (not too hopefully) a response.

My div was always paid direct to my bank, I would have preferred that the takeover cheque was paid the same way. I can understand that some shareholders would not like to receive the funds this way however I would have liked to option. I lodged the cheque on Friday, it won't have access to the funds till next Monday.