Conygar Investment Co PLC - property investor and developer - Notes success of the Anglesey Freeport bid consortium in securing freeport status for Anglesey from the UK and Welsh governments. Says its 203 acre brownfield site at Rhosgoch, Wales, will be included within the freeport special areas. Explains that the freeport will form special zones with simplified customs procedures, relief on customs duties, tax benefits and development flexibility.
Director Freddie Jones says: "We are delighted that the Anglesey Freeport bid has been successful and believe it will be transformational for the island and a significant boost for the economy going forward."
Current stock price: 128.00 pence, up 1.6% in London on Friday morning
12-month change: down 14%
By Sophie Rose, Alliance News reporter
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Conygar Inv (CIC)