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62543
registered interest false more like this
date less than 2014-06-18more like thisremove minimum value filter
answering body
Department for Business, Innovation and Skills more like this
answering dept id 26 more like this
answering dept short name Business, Innovation and Skills more like this
answering dept sort name Business, Innovation and Skills more like this
hansard heading Royal Mail more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
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. more like this
tabling member constituency Edinburgh South more like this
tabling member printed
Ian Murray more like this
uin 201166 remove filter
answer
answer
is ministerial correction false more like this
date of answer less than 2014-06-24more like thismore than 2014-06-24
answer text <p> </p><p>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.</p><p> </p><p> </p><p> </p><p>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.</p><p> </p><p> </p><p> </p><p>We have not set any timetable for the decision.</p><p> </p> more like this
answering member constituency Sevenoaks more like this
answering member printed Michael Fallon more like this
question first answered
less than 2014-06-24T14:00:07.4001238Zmore like thismore than 2014-06-24T14:00:07.4001238Z
answering member
88
label Biography information for Sir Michael Fallon more like this
previous answer version
4736
answering member constituency Sevenoaks more like this
answering member printed Michael Fallon more like this
answering member
88
label Biography information for Sir Michael Fallon more like this
tabling member
3966
label Biography information for Ian Murray more like this