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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Order)

This Order sets the target investment limit for the Government shareholding in BAA plc at 4.548 per cent of the voting rights exercisable at general meetings of the company, being the proportion of those rights carried by shares which, at the date this Order is made, are held by or on behalf of the Treasury or by or on behalf of the Secretary of State, as required by section 7 of the Airports Act 1986. BAA plc ceased to be wholly owned by the Crown on 28th July 1987.