§ Dir. McDonaldasked the Secretary of State for Industry if he will publish in the Official Report (a) the percentage of employees who have taken up the offer of shares in British Aerospace, (b) the average value of the shares and (c) the number of employees who have purchased shares in British Aerospace on a plant by plant basis.
§ Mr. WakehamDetails are as follows:274W
- (a) Some 58,800 British Aerospace employees, representing 74 per cent. of total employees and 89 per cent. of those eligible, elected to participate in the British Aerospace employee share ownership scheme taking up the offer of 33 free shares each. Of these some 27,200 (41 per cent. of those eligible) also applied for shares under matching arrangements where for every investment share purchased one free share was allocated. These figures do not include shares purchased by employees other than through the employee share ownership scheme.
- (b) The average value, at the offer price of £1.50 per share, of shares held by all employees participating in the scheme was £160.
- (c) Information in the form requested is not available.