# The British Steel Act 1988 (Government Shareholding) Order 1989, Introduction: Introductory text


IRON AND STEEL
Made 12th May 1989
Laid before Parliament 15th May 1989
Coming into force 5th June 1989
Whereas British Steel plc, being the successor company for the purposes of section 1 of the British Steel Act 1988, has ceased to be wholly owned by the Crown, and whereas the Government shareholding as defined in section 6(1) of that Act (“the Government shareholding”) comprises shares in that company carrying 0·0472 per cent. of the voting rights which are exercisable in all circumstances at general meetings of the company;
Now, therefore, the Secretary of State in exercise of his powers under section 6(1) of that Act hereby makes the following Order:

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Source: https://www.legislation.gov.uk/uksi/1989/824/introduction (the official version)
Page: https://openlegislation.uk/british-steel-act-1988-government-shareholding-order-1989/introduction
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.