De Lorean Car Co.

HC Deb 18 March 1981 vol 1 cc104-5W

Mr. Cryer

asked the Secretary of State for Northern Ireland if he will list the numbers and holdings of voting shares in the De Lorean Car Co. Ltd.

Mr. Adam Butler

The share capital of De Lorean Motor Cars Ltd. is £18,303,000 divided into 17,757,000 class A redeemable participating preference shares of £1 each—the "A" shares—and 546,000 "B" ordinary shares of £1 each—the "B" shares. All of the "A" shares are owned by the Northern Ireland Development Agency and all of the "B" shares are owned by the De Lorean Motor Company. The shares rank pan passu in all respects save that every holder of an "A" share shall on poll have one vote for each such share and every holder of a "B" share shall on poll have 90 votes for each such share.

Mr. Cryer

asked the Secretary of State for Northern Ireland if he will list the directors and shareholdings of the De Lorean Car Company Incorporated of America.

Mr. Adam Butler

I shall reply to the hon. Member as soon as possible.