§ Mr. Cant
asked the Secretary of State for Trade whether he will list the names of companies which have been referred to his Department by the Stock Exchange for investigation under the Companies Act's insider dealing clauses.
§ Mr. Eyre
The Stock Exchange has referred to my Department information concerning dealings in the securities of seven companies, so that the Department may consider whether in any case there are grounds for a prosecution for insider dealing under the Companies Act 1980. The companies concerned are:
- Petrocon Group Ltd.
- Wilkinson Match Ltd.
- County District Properties Ltd.
- Cornell Dresses Ltd.
- Pennine Commercial Holdings Ltd.
- Grand Metropolitan Ltd.
- Coral Leisure Group Ltd.
In the case of the securities of Petrocon Group Ltd, my Department announced on 18 December that there were no grounds for a prosecution. In the other cases inquiries are continuing.