Chuka Umunna – 2014 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by Chuka Umunna on 2014-07-15.

To ask the Secretary of State for Business, Innovation and Skills, what agreement was sought from priority investors on the long-term holding of shares in Royal Mail.

Matthew Hancock

No agreement was sought from the priority investors ahead of the sale of shares in Royal Mail on the long term holding of shares.

Any mechanism which requires a buyer to give up the rights normally associated with shares, such as a restriction on the right to sell those shares for a period of time, would be reflected in the price investors would be prepared to pay for those shares.