HC Deb 23 February 1987 vol 111 c20W
33. Miss Boothroyd

asked the Secretary of State for Transport what information he has as to the final distribution of shares in British Airways between small shareholders, institutions and foreign buyers.

41. Mr. Litherland

asked the Secretary of State for Transport what information he has as to the value of British Airways shares sold to large institutions.

Mr. Michael Spicer

The final allocation was:

Number of shares allocated (million) Value of shares allocated at offer price

(£ million)
United Kingdom offers Employees and pensioners 62.7 78.3
United Kingdom public applications 255.7 319.6
United Kingdom institutions 260.2 325.2
Foreign interest applications 5.7 7.1
Overseas offers 118.6 148.3
Loyalty share bonus retentions 17.3 21.7
720.2 900.2

37. Mr. Campbell-Savours

asked the Secretary of State for Transport what is his policy towards the role of the sale of British Airways in expanding the numbers of small shareholders.

Mr. Michael Spicer

The objective of the British Airways marketing campaign was to deepen rather than widen share ownership.