# The Water (Target Investment Limit) Order 1990

S.I. 1990/1083 · made 16 May 1990

This Order fixes target investment limits for the Government shareholding in the privatised water companies. The limits are expressed as a proportion of voting rights exercisable in all circumstances at general meetings of the companies. The Government shareholding must normally be kept within these limits.

Made under: Water Act 1989 (Section 89)

PDFs: Printed copy https://openlegislation.uk/water-target-investment-limit-order-1990/pdf/uksi_19901083_en.pdf

## Introductory text

WATER, ENGLAND AND WALES
Made 16th May 1990
Laid before Parliament 21st May 1990
Coming into force 11th June 1990
Whereas each company listed in the Schedule is the nominated holding company of a successor company to a water authority;
And whereas each company ceased to be wholly owned by the Crown on 12th December 1989;
And whereas the proportion of the ordinary voting rights in fact carried by the Government shareholding in each company at thetime when this Order is made is as shown in the Schedule;
And whereas no previous order has been made fixing a target investment limit for the Government shareholding in any such company;
Now, therefore, the Secretary of State for Wales in relation to Welsh Water p.l.c. and the Secretary of State for the Environment in relation to all the other companies, in exercise of the powers conferred on them by section 89 of the Water Act 1989 and of all otherpowers enabling them in that behalf, hereby make the following Order:

## 1 Citation and commencement

This Order may be cited as the Water (Target Investment Limit) Order 1990 and shall come into force on 11th June 1990.

## 2 Target investment limit

The target investment limit for the Government shareholding in each company listed in the Schedule expressed as a proportion of the ordinary voting rights shall be as specified therein.

## Signature

David Hunt
Secretary of State for Wales
16th May 1990
Chris Patten
Secretary of State for the Environment
16th May 1990

## TARGET INVESTMENT LIMITS

Nominated holding company
Government shareholding as a proportion of the ordinary voting rights
Target investment limit as a proportion of the ordinary voting rights
Anglian Water p.l.c.
1.79 per cent
2.04 per cent
Northumbrian Water p.l.c.
1.25 per cent
1.50 per cent
North West Water Group
1.73 per cent
1.98 per cent
Severn Trent p.l.c.
1.92 per cent
2.17 per cent
Southern Water p.l.c.
1.84 per cent
2.09 per cent
South West Water p.l.c.
1.16 per cent
1.41 per cent
Thames Water p.l.c.
2.21 per cent
2.46 per cent
Welsh Water p.l.c.
1.81 per cent
2.06 per cent
Wessex Water p.l.c.
1.78 per cent
2.03 per cent
Yorkshire Water p.l.c.
1.98 per cent
2.23 per cent

## Explanatory note

(This note is not part of the Order)
This Order fixes target investment limits for the Government shareholding in the privatised water companies. The limits are expressed as a proportion of voting rights exercisable in all circumstances at general meetings of the companies. The Government shareholding must normally be kept within these limits.

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Source: https://www.legislation.gov.uk/uksi/1990/1083 (the official version)
Page: https://openlegislation.uk/water-target-investment-limit-order-1990
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.