HC Deb 22 November 1982 vol 32 c342W
Mr. Douglas

asked the Secretary of State for Energy what have been the obligations in law upon him as sole shareholder which he has met before the issuing of the prospectus for Britoil.

Mr. John Moore

I am advised that shareholders as such have no legal obligations to discharge before a prospectus is issued.

Mr. Hannam

asked the Secretary of State for Energy if he will give the results of the recent offer for sale of shares in Britoil.

Mr. Lawson

Further to my statement today, the following applications were received:

Sale of shares in Britoil
Size of applications (in shares) No. of applications No. of shares
100–2,000 *35,424 22,633,200
Over 2,000–10,000 133 773,000
Over 10,000–50,000 104 2,771,500
Over 50,000–500,000 75 14,680,000
Over 500,000 16 28,550,000
Total 35,752 69,407,700
Pink preferential applications 276 170,100
Purchase applications 180,658
Free shares matching 1,229
purchased shares 180,658
Free shares 1,822 49,194
Total 580,610
* Of which 32,100 were striking price applications.

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