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Fyffes to raise €47m on the London and Irish stock exchanges.

Fri, 16th Sep 2016 12:25

(ShareCast News) - Irish fruit and fresh produce company Fyffes raised about €47m through a share placing on the London and Irish stock exchanges.The company, through stock broker J&E Davy, will place about 31.45m shares at €1.50, with each share carrying a voting right and a dividend payment, representing about 10% of the company's issued share capitalFyffes has made applications to the Irish Stock Exchange and to the London Stock Exchange for the Placing Shares to be admitted to trading on ESM and AIM, with dealings expected to commence on 20 September.The placing is conditional, upon admission becoming effective and the agreement between the Fyffes and J&E Davy not being terminated in accordance with its terms.Following admission, the number of shares in issue will be about 360.9m, including 31m in treasury, and the total number of voting shares in Fyffes will be about 329.9m.Recently, the company bought two Canadian companies, All Seasons Mushrooms for €41m earlier in September and Highline Produce in April for €98m to expand its presence in the mushroom business.Shares in Fyffes were down 4.12% to 130.63p at 1249 BST.
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17 Feb 2017 17:11

Fyffes Takeover Completed As Scheme Becomes Effective

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6 Feb 2017 10:43

EU clears Sumitomo takeover of Fyffes

(ShareCast News) - Sumitomo Corporation's €751m (£646m) takeover of fruit distributor Fyffes has been cleared by the European Commission. AIM-Listed Fyffe's agreed to the deal last December. Fyffes shareholders are to receive €2.23 per share under the terms of the transaction.

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9 Dec 2016 10:12

Sumitomo to buy Irish food distributor Fyffes for €751.4m

(ShareCast News) - Fyffes has agreed to be bought by Japan's Sumitomo in a €751.4m deal. Under the terms of the acquisition, the Irish food distributor - known for its banana business - will receive €2.23 in cash for each of its shares, which is a premium of around 49% to the closing price on Thursd

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15 Sep 2016 16:19

Fyffes Launches Placing To Bolster Balance Sheet After Acquisitions (ALLISS)

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8 Sep 2016 07:50

Fyffes buys second Canadian mushrooms producer

(ShareCast News) - Fyffes' has returned to Canada for second helpings of mushroom, acquiring Canada's second largest fungi farmer, All Season Mushrooms, for CAD$59.1m (€41m) after buying the country's number-one producer earlier in the year. Ireland-based and AIM-listed Fyffes bought 100% of All Sea

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2 Sep 2016 07:16

Fyffes Reconfirms Full-Year Guidance As First-Half Profit Rises

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29 Apr 2016 07:36

Fyffes Raises 2016 Guidance After Buying Mushroom Producer Highline

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25 Apr 2016 15:07

AGM, EGM Calendar - Week Ahead

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1 Apr 2016 14:28

Fyffes gets into the Canadian mushroom business

(ShareCast News) - Fyffes expanded into the Canadian mushroom business on Friday, purchasing 100% of the equity of the country's largest producer. The AIM-traded banana company said it paid CAD 145m (£77.9m) for Highline Produce, funded through new and existing bank debt. Fyffes' board described Hi

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1 Apr 2016 07:15

Fyffes Buys Mushroom Producer Highline Produce For CAD145 Million

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2 Mar 2016 09:35

BROKER RATINGS SUMMARY: Goldman Cuts Pearson To Sell From Neutral

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26 Feb 2016 15:34

Investors peel away from Fyffes stock after good results

(ShareCast News) - Brits going bananas for imported fruit made for a good year at Fyffes in its annnual report on Friday, but investors weren't sharing the sentiment. The AIM-traded company saw EBITDA increase 16.4% to €56.1m (£44.2m) in the 2015 calendar year, and reported earnings per share growth

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26 Feb 2016 08:55

Fyffes Profit Down In 2015 On Pension-Scheme Charge, Eyes Acquisitions

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19 Feb 2016 16:09

Earnings, Trading Statements Calendar - Week Ahead

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