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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.