LONDON (ShareCast) - (Sharecast News) - The Conygar Investment Company was upbeat on the success of the Anglesey Freeport Bid Consortium in securing freeport status for the area on Friday.
It owns the 203-acre brownfield site at Rhosgoch, which would be included within the Freeport special area.

The AIM-traded company said the Anglesey Freeport would create special zones to simplify customs procedures, provide relief on customs duties, offer tax benefits and grant development flexibility.

Conygar also owns the Holyhead Waterfront Development site, which it said stood to benefit from investment on the island as a result of the freeport.

"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," said Conygar director Freddie Jones.

At 1429 GMT, shares in the Conygar Investment Company were down 0.6% at 125.25p.

Reporting by Josh White for Sharecast.com.

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