Falkland Islands British military garrison is stationed on the islands, and the Falkland Islands government funds an additional company-sized light infantry Falkland Islands Defence Force. The Falklands claim an exclusive economic zone (EEZ) extending from its coastal baselines, based on the United Nations Convention on the Law of the Sea; this zone overlaps with the EEZ of Argentina. The United Kingdom and Argentina both claim the Falkland Islands. The UK bases its position on its continuous administration of the islands since 1833 and the islanders' "right to self-determination as set out in the UN Charter". Argentina's position is that it acquired the
Falkland Islands Company out. 1991 FIC's agricultural land holdings, 4 farms consisting of 25% of the land of the Falkland Islands sold to the Falkland Islands Government following the Shackleton report. 1997 Anglo United which has an unsustainable amount of debt undergoes a capital reconstruction and distributes shares in Falkland Islands Holdings plc to its shareholders. For every 300 Anglo United shares shareholders receive 1 share in Falkland Islands Holdings. At this point the Falkland Islands Company became a full subsidiary of Falkland Islands Holdings, name changed to FIH Group plc in September 2016. Falkland Islands Company The Falkland Islands Company Ltd. (FIC)