Linked Data API

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max ddp created	2014-06-19T18:57:29.690Z
human indexable	true
min date	2014-06-18
max question first answered	2014-07-02T14:54:32.1355358Z
ddp created	2014-06-18T21:50:27.520Z

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62543

human indexable

published

registered interest

answer date

23/06/2014

date

18/06/2014

date tabled

18/06/2014

ddp created

18/06/2014 21:50:27

ddp modified

07/02/2015 09:47:47

answering body

Department for Business, Innovation and Skills

question status

Tabled

answering dept id

answering dept short name

Business, Innovation and Skills

answering dept sort name

Business, Innovation and Skills

hansard heading

Royal Mail

house id

identifier

201166

legislature

25259

	pref label	House of Commons

parliament number

question first answered

24/06/2014 14:00:07

question text

To ask the Secretary of State for Business, Innovation and Skills, with reference to the Answer of 1 May 2014, Official Report, column 782W, on Royal Mail, what link was established in the engagement letter between the payment of the discretionary fee and the ending of the stabilisation period; and what targets or deadlines were set in the letter.

session

2014/15

session number

tabling member constituency

Edinburgh South

tabling member printed

Ian Murray

title

House of Commons Tabled Parliamentary Question 2014/15 201166

type

WrittenParliamentaryQuestion

uin

201166

version

written parliamentary question type

NamedDay

answer

answer text

The engagement letter between the Department for Business, Innovation and Skills and the syndicate of banks involved in the initial public offering indicated that the payment of the discretionary fee would be determined 10 days after the end of the stabilisation period and paid 5 days after that. As I said in my previous answer (1 May 2014, Official Report, column 782W), we informed the banks that a decision would not be taken in the timeframe set out in the engagement letter given the volatility of the Royal Mail share price after the IPO. The share price remains volatile. We have not set any timetable for the decision.

question first answered

24/06/2014 14:00:07

answering member

creator

3966

	label	Biography information for Ian Murray

publisher

25259

	pref label	House of Commons

tabling member

3966

	label	Biography information for Ian Murray