Management is focused on delivering increasing value for our stakeholders through innovative investment and development. Our core objective is to provide our shareholders with superior returns through outstanding performance.
Balmoral commenced operations on 11 May 2006, as Blackrock International Land plc, by acquiring the property undertaking of Fyffes plc, together with related debt due to Fyffes and ancillary net liabilities. Consideration for the transaction was settled by a one-for-one issue of Blackrock shares to Fyffes' shareholders. On 12 May 2006, Fyffes subscribed €83m cash for a 40% shareholding in Blackrock. Part of the proceeds was used to repay the debt due to Fyffes.
The initial portfolio comprised investment properties generating substantive rental income and other properties with significant development potential.
Several of the properties continue to be occupied by Fyffes and Total Produce plc (which demerged from Fyffes in December 2006) under short-to-medium term arms length operational leases.
In October 2010 the Company changed its name to Balmoral International Land plc (Balmoral).
On 1 September 2011 as part of a group re-organisation, Balmoral International Land Holdings plc became the holding company of Balmoral International Land plc, with existing shareholders, receiving an equal number of shares in the new holding company.
Balmoral shares are traded on the "grey" market operated by Davy stockbrokers. These can traded either by contacting Davy directly, on email@example.com, by calling on 01 614 9000 (from outside Ireland + 353 1 614 9000), mailing Davy, Davy House, 49 Dawson Street, Dublin 2 Ireland or through your stockbroker.