HC Deb 08 March 1976 vol 907 c69W
Mr. Heseltine

asked the Secretary of State for Industry at what price any shares now owned by the National Enterprise Board were acquired consequent upon their transfer from other Government agencies.

Mr. Kaufman

The National Enterprise Board has acquired the publicly-owned shareholdings named in the two

Company Shareholding Percentage of the equity
British Leyland Ltd. 246,490,683 fully paid ordinary shares of 50p nominal value 95.0
Rolls Royce (1971) Ltd. 137,000,000 fully paid ordinary shares of £1 nominal value 100.0
Brown Boveri Kent Ltd. 4,261,757 ordinary voting shares of 25p nominal value 12.3*
Dunford & Elliott Ltd. 271,357 ordinary voting shares of 25p nominal value 2.6
Ferranti Ltd. 4,000,000 voting ordinary shares of 50p nominal value, and 2,666,666, non-voting ordinary shares of 50p nominal value 62.5
Herbert Ltd. 43,632,941 fully paid ordinary shares of 25p nominal value as subscribed for by the Secretary of State; and 7 ordinary shares of 25p nominal vale transferred by the subscribers to the Memorandum of Association as nominees of the Secretary of State 100.0
Cambridge Instruments Ltd. 4,261,757 fully paid ordinary shares of nominal value of 10p and 37,684,255 fully paid ordinary shares of nominal value of 1p 28.2
* Excluding rights issue