54 Target investment limit for Government shareholding
Gas Act 1986 (1986 c 44) | Legislation

54  Target investment limit for Government shareholding

(1)     As soon as he considers expedient and, in any case, not later than six months after the successor company ceases to be wholly owned by the Crown, the Secretary of State shall by order fix a target investment limit in relation to the shares for the time being held in that company by virtue of any provision of this Part by the Treasury and their nominees and by the Secretary of State and his nominees (in this section referred to as “the Government shareholding”).

(2)     The target investment limit shall be expressed as a proportion of the voting rights which

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