Dairygold’s AGM decided to go ahead and distribute bonus shares retained on behalf of members.

It retained the shares over concerns about how the hungry Revenue might treat them if distributed. But, two years on, no one is much wiser.

Kerry Co-op’s appeal to the Tax Appeals Commission – on its much bigger share problems – has not yet got a verdict.

Dairygold will now send out some two million €1 shares. They can be cashed in by members on retiring.

Suppliers were advised to consult their accountants if concerned about tax. Accumulated interest will be paid out next year.