Ireland: Fyffes directors raise shareholdings

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Ireland: Fyffes directors raise shareholdings

Three executives at Irish fruit multinational Fyffes PLC (L: FFY) have given a vote of confidence in the company through the combined acquisition of 44,820 shares. Fyffes

Chairman David McCann, finance director Tom Murphy and company secretary Seamus Keenan each bought 14,940 shares at a price of €0.85 per share.

The move takes McCann's holding to more than two million shares, representing 0.68% of share capital, while Murphy and Keenan now hold stakes of 0.21% and 0.11% respectively.

Shares in the company fell slightly by 0.24% Wednesday to 71.33 pence per share, or €0.8538 based on exchange rates at the time of writing.

Fyffes is one of Europe's largest produce companies, recording €585.4 million in revenue in the first half of this year and an adjusted EBITDA of €23.1 million.

The company mainly sells bananas, pineapples and melons, in conventional, bio organic and fair trade forms.

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