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Item Details
| Title:
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ROYAL MAIL
SALE OF SHARES |
| By: |
Great Britain: Department for Business, Innovation and Skills |
| Format: |
Paperback |
| List price:
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£6.25 |
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We currently do not stock this item, please contact the publisher directly for
further information.
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| ISBN 10: |
0108512614 |
| ISBN 13: |
9780108512612 |
| Publisher: |
TSO |
| Pub. date: |
10 July, 2013 |
| Pages: |
10 |
| Synopsis: |
The Government intends to conduct a sale of shares in Royal Mail with the objective of securing the universal postal service for the benefit of all users through the introduction of private sector capital and associated disciplines. This will be achieved through: delivering a sale of shares in Royal Mail within this Parliament; creating an employee share scheme that will lead to at least 10% of the company in employee ownership. The Government has made clear the attractions of an Initial Public Offering (IPO) and have taken the decision to move forward with one, subject to meeting the published sale objectives. An IPO is the most transparent and open form of sale and will allow us to offer shares to the public as well as provide shares for Royal Mail employees from the day of the sale. It is the intention to dispose of a majority stake, taking into account shares sold and those transferred to employees as part of the employee share scheme. The IPO will include a retail offer which will enable members of the public to buy shares in this iconic company on the same terms as institutional investors.The retail offer will comprise two application routes: (i) via intermediaries, which will allow members of the public to apply for Royal Mail shares (ii) a direct route, where members of the public can apply directly to Government. The next public step if the Government proceeds with the IPO will be the publication of the Intention to Float |
| Publication: |
UK |
| Imprint: |
TSO |
| Returns: |
Non-returnable |
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