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Rolls-Royce

Volume 173: debated on Wednesday 6 June 1990

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To ask the Secretary of State for Trade and Industry whether he has recently exercised his powers as special shareholder in Rolls-Royce plc.

Consent was given on behalf of the special shareholder to a resolution passed at the company's annual general meeting on 30 May amending article 43 of the articles of association which deals with United Kingdom control of the company. The amendment will facilitate the setting up of a depositary receipts programme by the company enabling foreign investors to purchase an interest in shares in Rolls-Royce more easily while maintaining the overall limit on foreign shareholdings of 29ยท5 per cent.