§ Mr. Brothertonasked the Secretary of State for Industry what sales the National Enterprise Board has made of its holdings since May 1979.
§ Mr. Michael MarshallSince May last the Board has disposed of all its shareholdings in Hird Brown Ltd. and ICL Ltd. It has also disposed of its equity
COMPANIES IN WHICH THE NEB's HOLDING HAS CHANGED Company Number and description of shares held by NEB Percentage of nominal value of total equity Cost £'000 Aqualisa Products Ltd. … 24,000 £1 ordinary … … … 40.0 24 65,000 £1 redeemable preference … Not equity 65 80,000 £1 redeemable preference … 80 Doyce Electronics Ltd. … 3,334 £1 ordinary … … … … 25.0 17 63,330 £1 redeemable preference … 63 Data Recording Instrument Co. Ltd. 4,820,337 £1 ordinary … … … 89.7 4,844 8,000,000 £1 ordinary (75p paid) … 6,000 1,000,000 £1 redeemable preference … Not equity 1,000 Hydraroll Ltd. … … 14,625 £1 ordinary … … … 46.1 15 109,875 £1 redeemable preference … Not equity 110 Inmos International Ltd … 1,850,000 5p ordinary … … … 67.3 93 550,000 £20 preferred ordinary … … Not equity 11,000 Innotron Ltd. … … 1,308 £1 ordinary … … … … 29.0 44 50,000 £1 redeemable preference … Not equity 50 Insac Group Ltd. … … 7,100,000 £1 ordinary … … … 100.0 7,100 Nexos Office Systems Ltd. 155,990 £1 ordinary … … … 79.8 156 6,100,000 £1 redeemable preference … 6,100 Systime Ltd. … … 929 £1 ordinary … … … … 29.5 405 476 £1 part preference … … … 218 Wholesale Vehicle Finance Ltd. 7,246,250 £1 ordinary … … … 77.5 7,246 In addition to these changes there have been movements in the Stock Exchange prices of certain shares in companies in which the NEB has not changed the size of its shareholdings. At 31 January fast these prices were:
Barrow Hepburn Group Ltd … … … 30p BL Ltd … … … … … … 17p Brown Boveri Kent Ltd. … … … 41p Ferranti Ltd. … … … … … 465p Negretti and Zambra … … … … 40.5p The NEB has also disposed of its shareholdings in ICL Ltd. and Hird Brown Ltd.