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National Enterprise Board

Volume 978: debated on Monday 11 February 1980

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asked the Secretary of State for Industry what sales the National Enterprise Board has made of its holdings since May 1979.

Since 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
CompanyNumber and description of shares held by NEBPercentage of nominal value of total equityCost £'000
Aqualisa Products Ltd.24,000 £1 ordinary40·024
65,000 £1 redeemable preferenceNot equity65
80,000 £1 redeemable preference80
Doyce Electronics Ltd.3,334 £1 ordinary25·017
63,330 £1 redeemable preference63
Data Recording Instrument Co. Ltd.4,820,337 £1 ordinary89·74,844
8,000,000 £1 ordinary (75p paid)6,000
1,000,000 £1 redeemable preferenceNot equity1,000
Hydraroll Ltd.14,625 £1 ordinary46·115
109,875 £1 redeemable preferenceNot equity110
Inmos International Ltd1,850,000 5p ordinary67·393
550,000 £20 preferred ordinaryNot equity11,000
Innotron Ltd.1,308 £1 ordinary29·044
50,000 £1 redeemable preferenceNot equity50
Insac Group Ltd.7,100,000 £1 ordinary 100·07,100
Nexos Office Systems Ltd.155,990 £1 ordinary79·8156
6,100,000 £1 redeemable preference6,100
Systime Ltd.929 £1 ordinary29·5405
476 £1 part preference218
Wholesale Vehicle Finance Ltd.7,246,250 £1 ordinary77·57,246
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 Ltd30p
BL Ltd17p
Brown Boveri Kent Ltd.41p
Ferranti Ltd.465p
Negretti and Zambra40·5p
The NEB has also disposed of its shareholdings in ICL Ltd. and Hird Brown Ltd.