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question first answered	2014-05-06T12:00:00.00Z
min ddp modified	2015-02-07T04:06:16.370Z
min answer date	2014-04-29
creator › label	Biography information for Mr William Bain

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49214

human indexable

published

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06/05/2014

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30/04/2014

date tabled

30/04/2014

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30/04/2014 22:50:30

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07/02/2015 04:06:16

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Department for Business, Innovation and Skills

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Tabled

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Business, Innovation and Skills

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Business, Innovation and Skills

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197387

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25259

	pref label	House of Commons

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question first answered

06/05/2014 12:00:00

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To ask the Secretary of State for Business, Innovation and Skills, which priority investors in Royal Mail have subsequently sold all or part of their holdings of shares since the date of flotation; and what estimate he has made of the level of profits made in each case.

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2013/14

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Glasgow North East

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Mr William Bain

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House of Commons Tabled Parliamentary Question 2013/14 197387

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WrittenParliamentaryQuestion

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197387

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is ministerial correction

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Maintained by Royal Mail and is subject to uncertainties (e.g. funds can hold their shares through a range of nominees/custodians). Based on the Bloomberg register dated 23rd April, we estimate that more than half of the pilot fishing investors allocated shares remain invested and that they hold shares equal to more than 50% of their combined allocations. Given that the timings of sales and purchases are not available on a fund by fund basis, the Department does not know, and has not made any estimate, of any profits made by these investors (other than Lazard Asset Management whose representative told the Public Accounts Committee on 30 April the level of profit it made on the sale of Royal Mail shares for its clients).

question first answered

06/05/2014 12:00:00

creator

1610

	label	Biography information for Mr William Bain

publisher

25259

	pref label	House of Commons

tabling member

1610

	label	Biography information for Mr William Bain