§ Mr. Moore
It is our intention that BAA employees should have every encouragement to take a stake in their company when it is privatised. Special arrangements will therefore be made as follows.
Most BAA employees will be eligible for about £100 worth of free shares at the time of the flotation. In addition, the Government will provide two free shares for each share purchased by an employee, up to a maximum of about £400 worth of free shares for £200 purchased. All employees and pensioners of BAA will be able to apply on a priority basis for shares at the offer price.