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National Enterprise Board

Volume 975: debated on Friday 7 December 1979

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asked the Secretary of State for Industry if he will list all the share-holdings of the National Enterprise Board at 30 November 1979, the number and type of shares held, the percentage of the total equity this represents, the total cost of such shares, and, where appropriate, the market value of these shares at 30 November 1979.

The reply which I gave on 27 June 1979–[Vol. 969, c. 188–94]—should be amended in respect of the following items:

Company

Number and description of shares held by NEB

Percentage of nominal value of total equity

Cost £'000

Stock Exchange quotation (closing price 30 November 1979)

ASR Servotron Ltd.18,000 £1 'B' ordinary26·118
300,000 £1 redeemable preference300
Agemaspark Ltd3,700 £1 Ordinary30·0100
50,000 £1 redeemable preferenceNot equity50
100,000 £1 redeemable preference100
Barrow Hepburn Ltd1 000,000 25p Ordinary4·145031p
BL Ltd.1,443,404,996 50p Ordinary99·1844,94818p
Brown Boveri Kent Ltd.10,856,585 25p Ordinary20·03,29344p
BTB (Engineering) Ltd.30,000 £1 redeemable preferenceNot equity30
British Underwater Engineering Ltd.133,674 £1 Ordinary89·2134
5,216,326 £1 redeemable preference5,216
Bull Motors Ltd.1,520,000 £1 Ordinary100·01,520
Cambridge Instrument co. Ltd.1,406,195,968 1p Ordinary93·014,957
4,261 757 10p Ordinary
1,000,000 5p redeemable preferenceNot equity59
CAP-CPP Group Ltd.1,372,760 l0p Ordinary29·5549
Computer and Systems Engineering Ltd.349,750 5p Ordinary27·8882
15,200 £ 1 redeemable preference48
Data Recording Instrument Co. Ltd.3,970 337 £1 Ordinary83·83,977
8,000,000 £1 Ordinary (75p paid)6,000
1,000,000 £1 redeemable preferenceNot equity1,000
Exelarc Engineering Co. Ltd.70,000 £1 Ordinary50·070
Ferranti Ltd.10,666,666 50p Ordinary50·06,933385p

Company

Number and description of shares held by NEB

Percentage of nominal value of total equity

Cost £'000

Stock Exchange quotation (closing price 30 November 1979)

James Howorth & Co. (Holdings) Ltd6,000 £1 Ordinary21·418
6,000 £1 'new' ordinary18
80,000 £1 redeemable preference80
ICL Ltd.8,342,250 £1 Ordinary25·012,956434p
Inmos International Ltd.1,850,000 5p Ordinary67·393
425,000 £20 preferred ordinaryNot equity8,500
Insac Group Ltd.6,100,00 £1 Ordinary100·06,100
Microform Communications International Ltd.191,211 £1 Ordinary28·3310
165,000 £1 redeemable preference165
Middle East Building Services Ltd.37,500 £1 Ordinary29·638
Momex (UK) Ltd.365 £1 Ordinary28·90
Muirhead Office Systems Ltd.2,500 £1 Ordinary25·0210
Nexos Office Systems Ltd.155,990 £1 Ordinary79·8156
3,800,000 £1 redeemable preference3,800
Nexos Office Systems (Holdings) Ltd7,201 £1 Ordinary97·07
129,609 £1 redeemable preference130
Pakmet International Ltd.150,000 £1 preferenceNot equity150
50,000 £1 redeemable preference50
QI (Europe) Ltd.250,000 £1 Ordinary51·02,000
260,000 £1 non-voting ordinary2000
Rolls Royce Ltd.234,000,000 £1 Ordinary100·0234,000
Sinclair Radionics Ltd75,000 £1 Ordinary73·3450
200,000 £1 voting preference200
4,700,000 £1 redeemable preferenceNot equity4,700
Sonicaid Ltd8,970 £1 ordinary49·7117
14,260 £1 redeemable preference180
Yates Duxbury and Sons Ltd.700,000 £1 Ordinary50·01·750

asked the Secretary of State for Industry when he expects to publish the revised guidelines for the National Enterprise Board.

My right hon. Friend will publish a draft of the revised guidelines next week, and intends that the final version should take effect when the Industry Bill is enacted.