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The Electricity (Scottish Nuclear Limited) (Target Investment Limit) Order 1996
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- 1996 No. 3221 (S. 243)
- Explanatory Note
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Explanatory Note
(This note is not part of the Order)
This Order fixes the target investment limit for the Government shareholding in Scottish Nuclear Limited which is a privatised Scottish nuclear company (as that term is used in Part II of the Electricity Act 1989). Under that Act the limit must be expressed as a proportion of the voting rights exercisable in all circumstances at general meetings of the company. The Government shareholding must normally be kept within this limit. In this case the limit is fixed as nil.
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