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Golden Shares

Volume 124: debated on Tuesday 15 December 1987

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To ask the Chancellor of the Exchequer if he will list the golden shares held by the Government in each of the privatised industries, giving (a) the expiry date of each of the shares, and (b) the conditions that are attached to each.

[holding answer 14 December 1987]: The Government hold special shares in the following privatised companies:

  • Amersham International
  • BAA
  • British Aerospace
  • British Gas
  • British Telecom
  • Britoil
  • Cable and Wireless
  • Enterprise Oil
  • Jaguar
  • Rolls-Royce
  • Sealink
  • Vickers Shipbuilding and Engineering
In each case, the rights and restrictions attaching to the special share, including the arrangements for its redemption, are defined in the articles of association of the company concerned.