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Satellite Information Services

Volume 150: debated on Friday 14 April 1989

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To ask the Secretary of State for the Home Department what is the increased percentage stake in Satellite Information Services which has been recently announced for the Horserace Totalisator Board; and on what terms it will be allocated.

I understand that the board may increase its shareholding in Satellite Information Services from 5 to 6 per cent. and will be entitled to purchase these additional shares at the same price per share as that achieved for those shares in the company which are to be made available in a private placing.