The British Steel Act 1988 (Government Shareholding) Order 1989

Statutory Instruments

1989 No. 824

IRON AND STEEL

The British Steel Act 1988 (Government Shareholding) Order 1989

Made

12th May 1989

Laid before Parliament

15th May 1989

Coming into force

5th June 1989

Whereas British Steel plc, being the successor company (1) for the purposes of section 1 of the British Steel Act 1988(2), has ceased to be wholly owned by the Crown, and whereas the Government shareholding as defined in section 6(1) of that Act (“the Government shareholding”) comprises shares in that company carrying 0·0472 per cent. of the voting rights which are exercisable in all circumstances at general meetings of the company;

Now, therefore, the Secretary of State in exercise of his powers under section 6(1) of that Act hereby makes the following Order:

(1)

See S.I. 1988/1376; this Order nominated British Steel plc as the successor company for the purposes of section 1 of the British Steel Act 1988 (c. 35).

(2)

1988 c. 35.