HC Deb 14 February 1979 vol 962 cc562-4W
Mr. Grylls

asked the Secretary of State for Industry (1) on what date he gave his consent under section 10 of the Industry Act 1975 for the National Enterprise Board to acquire 37.5 per cent. of the nominal value of the total equity in Monotype Holdings Ltd.; what is the number of type of shares acquired, and what was the cost to the Board;

(2) on what date he gave his consent under section 10 of the Industry Act 1975 for the National Enterprise Board to acquire 50 per cent. of the nominal value of the total equity in Newton Securities (Northern) Ltd.; what is the number of type of shares acquired; and what was the cost to the Board;

(3) on what date he gave his consent under section 10 of the Industry Act 1975 for the National Enterprise Board to acquire 49.8 per cent. of the nominal value of the total equity in North-East Audio Ltd.; what is the number of type of shares acquired; and what was the cost to the Board;

(4) on what date he gave his consent under section 10 of the Industry Act 1975 for the National Enterprise Board to acquire 34.4 per cent. of the nominal value of the total equity in Pakmet International Ltd.; what is the number of type of shares acquired; and what was the cost to the Board;

(5) on what date he gave his consent under section 10 of the Industry Act 1975 for the National Enterprise Board to acquire 40 per cent. of the nominal value of the total equity in Powerdrive PSR Ltd.; what is the number of type of shares acquired; and what was the cost to the Board;

(6) on what date he gave his consent under section 10 of the Industry Act 1975 for the National Enterprise Board to acquire 33.3 per cent. of the nominal value of the total equity in Power Dynamics Ltd; what is the number of type of shares acquired; and what was the cost to the Board;

(7) on what date he gave his consent under section 10 of the Industry Act 1975 for the National Enterprise Board to acquire 30 per cent. of the nominal value of the total equity in Sandiacre Electrics Ltd.; what is the number of type of shares acquired; and what was the cost to the Board;

(8) on what date he gave his consent under section 10 of the Industry Act 1975 for the National Enterprise Board to acquire 73.3 per cent. of the nominal value of the total equity in Sinclair Radionics Ltd.; what is the number of type of shares acquired; and what was the cost to the Board;

(9) on what date he gave his consent under section 10 of the Industry Act 1975 for the National Enterprise Board to acquire 79.9 per cent. of the nominal value of the total equity in Systems Programming Holdings Ltd.; what is the number of type of shares acquired; and what was the cost to the Board;

(10) on what date he gave his consent under section 10 of the Industry Act 1975 for the National Enterprise Board to acquire 33–3 per cent. of the nominal value of the total equity in Twinlock Ltd.; what is the number of type of shares acquired; and what was the cost to the Board;

(11) on what date he gave his consent under section 10 of the Industry Act 1975 for the National Enterprise Board to acquire 70.0 per cent. of the nominal value of the total equity in United Medical Enterprises Ltd.; what is the number of type of shares acquired; and what was the cost to the Board;

(12) on what date he gave his consent under section 10 of the Industry Act 1975 for the National Enterprise Board to acquire 49.0 per cent. of the nominal value of the total equity in Vicont of London Ltd.; what is the number of type of shares acquired; and what was the cost to the Board;

(13) on what date he gave his consent under section 10 of the Industry Act 1975 for the National Enterprise Board to acquire 49.9 per cent. of the nominal value of the total equity in Computer and Systems Engineering Ltd.; what is the number of type of shares acquired; and what was the cost to the Board.

Mr. Les Huckfield

My right hon. Friend gave his statutory consent to the Board acquiring 30 per cent. or more of the voting shares in Monotype Holdings Ltd. on 13 September 1978; in Newtown Securities (Northern) Ltd. on 27 June 1978; in North East Audio Ltd. on 7 October 1977; in Pakmet International Ltd. (then Packaging Methods Ltd.) on 23 March 1977; in Powerdrive PSR Ltd. on 13 September 1978; in Power Dynamics Ltd. on 12 December 1977; in Sandiacre Electrics Ltd. on 5 August 1977; in Sinclair Radionics Ltd. on 20 October 1976; in Systems Programming Holdings Ltd.—then Systems Programming Ltd.—on 23 March 1977; in Twin-lock Ltd. on 21 July 1976; in United Medical Enterprises Ltd. on 25 November 1977; and in Vicort of London Ltd. on 2 March 1978. My right hon. Friend's statutory consent was not required by the Board for the acquisition of its shareholding in Computer and Systems Engineering Ltd. In all these cases the number and type of shares acquired, and the cost to the Board, was set out in the replies I gave to the hon. Member on 24 January and 15 November last.

Back to