§ Mr. Grylls
asked the Secretary of State for Industry if he will publish in the Official Report the amount invested in the Cambridge Instrument Company by the National Enterprise Board, since 3 549W May, the number and type of shares now held, the percentage of the equity this represents and the cost to the National Enterprise Board of these shares.
§ Mr. David Mitchell
The company is expected today to make a rights issue of £6.5 million. This issue is fully underwritten by the National Enterprise Board, but the Board's resultant holding will not be known for some time since it will depend upon the extent to which other shareholders take up their rights. Prior to this issue the Board had not invested in the company in the period since 3 May 1979, when its shareholding was as follows:
Number Cost Equity £'000 Per cent Ordinary £1 712,684,255 8,020 87.1 Ordinary 10p 4,261,757 Ordinary 1p 50,000,000 500 Non-equity