Introductory text

TRANSPORT

RAILWAYS

Made 8th October 1996

Laid before Parliament 14th October 1996

Coming into force 4th November 1996

Whereas Railtrack Group PLC is an operating company within the meaning of section 101 of the Railways Act 1993^f1 and ceased to be a public sector railway company within the meaning of that section on 20th May 1996;

And whereas the Government shareholding in Railtrack Group PLC at the time when the following Order is made comprises shares carrying 0.8 per cent. of the voting rights which are exercisable in all circumstances at general meetings of the company;

And whereas no previous order has been made fixing a target investment limit in relation to that Government shareholding:

Now, therefore, the Secretary of State, in exercise of the powers conferred by section 101(1) of the Railways Act 1993, and with the consent of the Treasury^f2, hereby makes the following Order:-

Annotations

Footnotes

f1: 1993 c. 43.
f2: See section 101(9).