Growth and Infrastructure Bill — Commons Amendments — 24 Apr 2013 at 19:18

Lords Amendment25: Leave out Clause 27

Commons disagreement and reason

The Commons disagree to Lords Amendment No. 25 for the following Reason-

25A: Because the new status of employee shareholder should be made available.

Lords insistence and reason

The Lords insist on their Amendment No. 25 for the following Reason-

25B: Because it is inappropriate for employees to be exempted from statutory employment rights in this manner.

Commons insistence and amendments to words so restored to the Bill

The Commons insist on their disagreement to Lords Amendment No. 25 but propose the following amendments to the words restored to the Bill by that disagreement-

25C: Page 34, line 13, after "£2,000," insert-

"(ca) the company gives the individual a written statement of the particulars of the status of employee shareholder and of the rights which attach to the shares referred to in paragraph (b) ("the employee shares") (see subsection (4A)),"

25D: Page 34, line 38, at end insert-

"(4A) The statement referred to in subsection (1)(ca) must-

(a) state that, as an employee shareholder, the individual would not have the rights specified in subsection (2),

(b) specify the notice periods that would apply in the individual's case as a result of subsections (3) and (4),

(c) state whether any voting rights attach to the employee shares,

(d) state whether the employee shares carry any rights to dividends,

(e) state whether the employee shares would, if the company were wound up, confer any rights to participate in the distribution of any surplus assets,

(f) if the company has more than one class of shares and any of the rights referred to in paragraphs (c) to (e) attach to the employee shares, explain how those rights differ from the equivalent rights that attach to the shares in the largest class (or next largest class if the class which includes the employee shares is the largest),

(g) state whether the employee shares are redeemable and, if they are, at whose option,

(h) state whether there are any restrictions on the transferability of the employee shares and, if there are, what those restrictions are,

(i) state whether any of the requirements of sections 561 and 562 of the Companies Act 2006 are excluded in the case of the employee shares (existing shareholders' right of pre-emption), and

(j) state whether the employee shares are subject to drag-along rights or tag-along rights and, if they are, explain the effect of the shares being so subject."

25E: Page 34, line 38, at end insert-

"( ) Where a company makes an offer to an individual for the individual to become an employee shareholder, an acceptance by the individual of the offer is of no effect unless seven days have passed since the day on which the offer was made."

25F: Page 35, line 23, at end insert-

""drag-along rights", in relation to shares in a company, means the right of the holders of a majority of the shares, where they are selling their shares, to require the holders of the minority to sell theirs;""

25G Page 35, line 25, at end insert-

""tag-along rights", in relation to shares in a company, means the right of the holders of a minority of the shares to sell their shares, where the holders of the majority are selling theirs, on the same terms as those on which the holders of the majority are doing so"

Motion A

Moved by Viscount Younger of Leckie:

That this House do not insist on its Amendment 25, to which the Commons have disagreed for their Reason 25A, do agree with the Commons in their Amendments 25C, 25D, 25F and 25G to the words restored to the Bill by that disagreement, and do disagree with the Commons in their Amendment 25E to the words so restored but do propose the following Amendments in lieu-

25H: Page 34, line 38, at end insert-

"( ) Agreement between a company and an individual that the individual is to become an employee shareholder is of no effect unless, before the agreement is made-

(a) the individual, having been given the statement referred to in subsection (1)(ca), receives advice from a relevant independent adviser as to the terms and effect of the proposed agreement, and

(b) seven days have passed since the day on which the individual receives the advice.

( ) Any reasonable costs incurred by the individual in obtaining the advice (whether or not the individual becomes an employee shareholder) which would, but for this subsection, have to be met by the individual are instead to be met by the company."

25J: Page 35, line 25, at end insert-

""relevant independent adviser" has the meaning that it has for the purposes of section 203(3)(c);"

Debate in Parliament | Source |

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All Votes Cast - sorted by party

Lords for which their vote in this division differed from the majority vote of their party are marked in red. Also shows which lords were ministers at the time of this vote. You can also see every eligible lord including those who did not vote in this division.

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NamePartyVote
The Bishop of BristolBishopaye
The Bishop of ExeterBishop (front bench)aye
Lord Ahmad of WimbledonCon (front bench)no
Baroness Anelay of St JohnsCon (front bench)tellno
The Earl of ArranConno
Lord Ashton of HydeConno
Lord Astor of HeverCon (front bench)no
Earl Attlee Con (front bench)no
Lord Baker of DorkingConno
Lord Bates Con (front bench)no
Baroness Berridge Con (front bench)no
Lord Black of BrentwoodCon (front bench)no
Lord Blackwell Con (front bench)no
Lord Blencathra Con (front bench)no
Baroness Bottomley of NettlestoneConno
Lord Bowness Con (front bench)no
Lord Brabazon of TaraCon (front bench)no
Viscount Bridgeman Conno
Lord Brittan of SpennithorneConno
Lord Brougham and Vaux Con (front bench)no
Baroness Browning Con (front bench)no
Baroness Buscombe Conno
Baroness Byford Conno
The Earl of CaithnessConno
Earl Cathcart Conno
Lord Cavendish of FurnessConno
Baroness Chalker of WallaseyConno
Lord Coe Conno
Lord Colwyn Con (front bench)no
Lord Cope of BerkeleyCon (front bench)no
Lord Cormack Con (front bench)no
The Earl of CourtownConno
Lord Crathorne Con (front bench)no
The Earl of Crawford and BalcarresConno
Lord Crickhowell Con (front bench)no
Baroness Cumberlege Conno
Lord de Mauley Con (front bench)no
Lord Deben Conno
Lord Deighton Con (front bench)no
Lord Dixon-Smith Con (front bench)no
Lord Dobbs Conno
The Earl of DundeeCon (front bench)no
Baroness Eaton Con (front bench)no
Viscount Eccles Conno
Baroness Eccles of MoultonCon (front bench)no
Lord Eden of WintonConno
Lord Elton Con (front bench)no
Lord Faulks Con (front bench)no
Lord Fellowes of West StaffordConno
Lord Fink Conno
Lord Flight Conno
Baroness Fookes Con (front bench)no
Lord Forsyth of DrumleanCon (front bench)no
Lord Fowler Conno
Lord Framlingham Conno
Lord Fraser of CarmyllieConno
Lord Freeman Conno
Lord Freud Con (front bench)no
Lord Gardiner of KimbleCon (front bench)no
Baroness Gardner of ParkesCon (front bench)no
Lord Garel-Jones Conno
Lord Geddes Con (front bench)no
Lord Glenarthur Con (front bench)no
Lord Glendonbrook Conno
Lord Goodlad Con (front bench)no
Viscount Goschen Conno
Lord Grade of YarmouthConno
Lord Green of HurstpierpointCon (front bench)no
Lord Griffiths of FforestfachConno
Lord Hamilton of EpsomConno
Baroness Hanham Con (front bench)no
Lord Harris of PeckhamConno
Lord Henley Conno
Baroness Heyhoe Flint Conno
Lord Higgins Conno
Lord Hill of OarefordCon (front bench)no
Lord Hodgson of Astley AbbottsConno
The Earl of HomeConno
Baroness Hooper Con (front bench)no
Lord Howard of LympneConno
Lord Howard of RisingCon (front bench)no
Earl Howe Con (front bench)no
Lord Howe of AberavonCon (front bench)no
Lord Howell of GuildfordConno
Lord Hunt of WirralConno
Lord Hurd of WestwellConno
Lord Inglewood Con (front bench)no
Lord James of BlackheathConno
Baroness James of Holland ParkConno
Baroness Jenkin of KenningtonCon (front bench)no
Lord Jenkin of RodingConno
Lord Jopling Conno
Lord King of BridgwaterConno
Lord Kirkham Conno
Baroness Knight of CollingtreeConno
Lord Lamont of LerwickConno
Lord Lang of MonktonCon (front bench)no
Lord Lawson of BlabyCon (front bench)no
Lord Leach of FairfordConno
Lord Lexden Con (front bench)no
The Earl of LindsayConno
Lord Lingfield Conno
The Earl of LiverpoolConno
Lord Lloyd-Webber Conno
The Marquess of LothianConno
Lord Lucas Conno
Lord Luke Con (front bench)no
Lord Lyell Con (front bench)no
Lord Macfarlane of BearsdenConno
Lord MacGregor of Pulham MarketCon (front bench)no
Lord Mackay of ClashfernCon (front bench)no
Lord Magan of CastletownConno
Lord Mancroft Con (front bench)no
Lord Marland Conno
Lord Marlesford Con (front bench)no
Lord Mawhinney Conno
Lord Mayhew of TwysdenCon (front bench)no
Lord McColl of DulwichConno
The Duke of MontroseConno
Baroness Morris of BoltonCon (front bench)no
Lord Moynihan Conno
Lord Naseby Con (front bench)no
Lord Nash Con (front bench)no
Baroness Neville-Jones Con (front bench)no
Baroness Newlove Conno
Baroness Noakes Con (front bench)no
Lord Northbrook Conno
Lord Norton of LouthCon (front bench)no
Baroness O'Cathain Con (front bench)no
Baroness Oppenheim-Barnes Conno
Lord Parkinson Conno
Lord Patten Conno
Baroness Perry of SouthwarkCon (front bench)no
Lord Plumb Conno
Lord Popat Con (front bench)no
Baroness Rawlings Conno
Lord Renfrew of KaimsthornConno
Lord Renton of Mount HarryConno
Lord Ribeiro Conno
Viscount Ridley Conno
Lord Risby Conno
Lord Rotherwick Conno
Lord Ryder of WensumConno
Lord Sassoon Conno
Baroness Seccombe Con (front bench)no
The Earl of SelborneCon (front bench)no
Lord Selkirk of DouglasCon (front bench)no
Lord Selsdon Con (front bench)no
Baroness Shackleton of BelgraviaConno
Baroness Sharples Conno
Lord Shaw of NorthsteadCon (front bench)no
Lord Sheikh Conno
Baroness Shephard of NorthwoldConno
The Earl of ShrewsburyCon (front bench)no
Lord Skelmersdale Con (front bench)no
Lord Spicer Conno
Baroness Stedman-Scott Con (front bench)no
Lord Sterling of PlaistowCon (front bench)no
Lord Stewartby Conno
Baroness Stowell of BeestonCon (front bench)no
Lord Strathclyde Conno
Lord Taylor of HolbeachCon (front bench)no
Lord Trefgarne Conno
Viscount Trenchard Conno
Lord Trimble Con (front bench)no
Lord True Con (front bench)no
Lord Tugendhat Con (front bench)no
Viscount Ullswater Con (front bench)no
Baroness Verma Con (front bench)no
Lord Vinson Conno
Lord Waddington Conno
Lord Wakeham Con (front bench)no
Lord Waldegrave of North HillCon (front bench)no
Baroness Warsi Con (front bench)no
Lord Wasserman Conno
Lord Wei Conno
Baroness Wheatcroft Con (front bench)no
Baroness Wilcox Conno
Lord Wolfson of Aspley GuiseConno
Viscount Younger of LeckieCon (front bench)no
Lord Adebowale Crossbenchaye
Lord Berkeley of KnightonCrossbenchaye
Lord Bilimoria Crossbenchaye
The Earl of ClancartyCrossbenchaye
Lord Crisp Crossbenchaye
Lord Elystan-Morgan Crossbenchaye
Lord Harries of PentregarthCrossbench (front bench)aye
Baroness Hayman Crossbenchaye
Lord Hennessy of NympsfieldCrossbenchaye
Baroness Hollins Crossbenchaye
Lord Kerr of KinlochardCrossbenchaye
Baroness Kidron Crossbenchaye
Baroness Morgan of DrefelinCrossbenchaye
Lord Ouseley Crossbenchaye
Lord Palmer Crossbench (front bench)aye
Lord Patel of BradfordCrossbenchaye
Baroness Richardson of CalowCrossbenchaye
Lord Aberdare Crossbench (front bench)no
Lord Armstrong of IlminsterCrossbenchno
Lord Ballyedmond Crossbenchno
Lord Best Crossbenchno
Lord Bichard Crossbench (front bench)no
Lord Birt Crossbenchno
Lord Butler of BrockwellCrossbench (front bench)no
Baroness Campbell of SurbitonCrossbenchno
Viscount Craigavon Crossbench (front bench)no
Lord Craig of RadleyCrossbench (front bench)no
Baroness Finlay of LlandaffCrossbenchno
Baroness Greengross Crossbenchno
Baroness Howarth of BrecklandCrossbenchno
Baroness Howe of IdlicoteCrossbenchno
Lord Jay of EwelmeCrossbenchno
Lord Kakkar Crossbenchno
Lord Laming Crossbench (front bench)no
Lord Low of DalstonCrossbenchno
The Countess of MarCrossbench (front bench)no
Baroness Masham of IltonCrossbenchno
Lord Mawson Crossbench (front bench)no
Viscount Montgomery of AlameinCrossbench (front bench)no
Lord Patel Crossbench (front bench)no
Lord Rowe-Beddoe Crossbench (front bench)no
Lord St John of BletsoCrossbench (front bench)no
Lord Trees Crossbenchno
Lord Walpole Crossbench (front bench)no
Lord Walton of DetchantCrossbenchno
Baroness Warnock Crossbenchno
Lord Williamson of HortonCrossbenchno
Lord Browne of BelmontDUPno
Lord Stoddart of SwindonIndependent Labouraye
Lord Brown of Eaton-under-HeywoodJudgeaye
Lord Hardie Judgeaye
Baroness Adams of CraigieleaLabaye
Lord Adonis Lab (minister)aye
Baroness Andrews Lab (minister)aye
Lord Bach Labaye
Baroness Bakewell Lab (minister)aye
Lord Bassam of BrightonLab (minister)tellaye
Lord Beecham Lab (minister)aye
Lord Bilston Lab (minister)aye
Baroness Blackstone Labaye
Lord Boateng Labaye
Lord Borrie Labaye
Lord Bradley Labaye
Lord Bragg Lab (minister)aye
Lord Brooke of AlverthorpeLabaye
Lord Brookman Labaye
Lord Browne of LadytonLabaye
Lord Campbell-Savours Lab (minister)aye
Viscount Chandos Labaye
Lord Christopher Lab (minister)aye
Lord Clarke of HampsteadLabaye
Lord Clinton-Davis Lab (minister)aye
Lord Collins of HighburyLab (minister)aye
Baroness Corston Lab (minister)aye
Baroness Crawley Labaye
Lord Davies of CoityLab (minister)aye
Lord Davies of OldhamLab (minister)aye
Lord Davies of StamfordLab (minister)aye
Lord Desai Labaye
Baroness Donaghy Labaye
Lord Donoughue Labaye
Baroness Drake Labaye
Lord Dubs Lab (minister)aye
Lord Eatwell Lab (minister)aye
Lord Elder Lab (minister)aye
Lord Evans of ParksideLabaye
Lord Evans of WatfordLabaye
Baroness Farrington of RibbletonLabaye
Lord Faulkner of WorcesterLab (minister)aye
Lord Filkin Lab (minister)aye
Lord Foster of Bishop AucklandLabaye
Lord Foulkes of CumnockLab (minister)aye
Baroness Gale Lab (minister)aye
Baroness Gibson of Market RasenLab (minister)aye
Baroness Golding Labaye
Lord Gordon of StrathblaneLab (minister)aye
Baroness Gould of PotternewtonLab (minister)aye
Lord Grantchester Lab (minister)aye
Lord Grenfell Labaye
Lord Grocott Labaye
Viscount Hanworth Labaye
Lord Harris of HaringeyLab (minister)aye
Lord Hart of ChiltonLab (minister)aye
Lord Haworth Labaye
Baroness Hayter of Kentish TownLab (minister)aye
Baroness Healy of Primrose HillLab (minister)aye
Baroness Hilton of EggardonLab (minister)aye
Lord Hollick Lab (minister)aye
Baroness Hollis of HeighamLab (minister)aye
Lord Howarth of NewportLabaye
Baroness Howells of St DavidsLab (minister)aye
Lord Howie of TroonLabaye
Lord Hoyle Labaye
Lord Hughes of WoodsideLabaye
Lord Hunt of Kings HeathLab (minister)aye
Lord Irvine of LairgLab (minister)aye
Baroness Jay of PaddingtonLab (minister)aye
Lord Jones Labaye
Baroness Jones of WhitchurchLab (minister)aye
Lord Judd Lab (minister)aye
Lord Kennedy of SouthwarkLab (minister)aye
Baroness Kennedy of The ShawsLab (minister)aye
Baroness King of BowLabaye
Lord Kinnock Labaye
Baroness Kinnock of HolyheadLabaye
Lord Kirkhill Labaye
Lord Knight of WeymouthLab (minister)aye
Lord Layard Labaye
Lord Lea of CrondallLabaye
Baroness Liddell of CoatdykeLabaye
Lord Liddle Lab (minister)aye
Baroness Lister of BurtersettLab (minister)aye
Lord Macdonald of TradestonLabaye
Lord MacKenzie of CulkeinLabaye
Baroness Mallalieu Lab (minister)aye
Baroness Massey of DarwenLab (minister)aye
Lord Maxton Lab (minister)aye
Lord McAvoy Lab (minister)aye
Lord McConnell of GlenscorrodaleLabaye
Baroness McDonagh Labaye
Lord McFall of AlcluithLab (minister)aye
Baroness McIntosh of HudnallLab (minister)aye
Lord McKenzie of LutonLab (minister)aye
Lord Mitchell Lab (minister)aye
Lord Monks Labaye
Lord Moonie Labaye
Lord Morris of HandsworthLabaye
Lord Myners Lab (minister)aye
Baroness Nye Labaye
Lord O'Neill of ClackmannanLab (minister)aye
Lord Parekh Labaye
Lord Pendry Labaye
Baroness Pitkeathley Lab (minister)aye
Lord Prescott Labaye
Baroness Prosser Labaye
Baroness Quin Labaye
Lord Radice Labaye
Baroness Ramsay of CartvaleLab (minister)aye
Lord Rea Labaye
Lord Reid of CardowanLabaye
Lord Richard Lab (minister)aye
Lord Rosser Lab (minister)aye
Lord Rowlands Labaye
Baroness Royall of BlaisdonLab (minister)aye
Lord Sawyer Labaye
Baroness Sherlock Lab (minister)aye
Viscount Simon Lab (minister)aye
Baroness Smith of BasildonLab (minister)aye
Lord Snape Labaye
Lord Soley Lab (minister)aye
Lord Stevenson of BalmacaraLab (minister)aye
Lord Stone of BlackheathLabaye
Baroness Symons of Vernham DeanLabaye
Baroness Taylor of BoltonLab (minister)aye
Lord Temple-Morris Labaye
Lord Touhig Labaye
Lord Triesman Lab (minister)aye
Lord Tunnicliffe Lab (minister)tellaye
Lord Turnberg Labaye
Baroness Turner of CamdenLabaye
Baroness Uddin Labaye
Baroness Wall of New BarnetLab (minister)aye
Lord Warner Labaye
Baroness Warwick of UndercliffeLabaye
Lord Watson of InvergowrieLabaye
Lord West of SpitheadLabaye
Baroness Wheeler Lab (minister)aye
Baroness Whitaker Labaye
Lord Whitty Labaye
Baroness Wilkins Labaye
Lord Wills Labaye
Lord Winston Lab (minister)aye
Lord Wood of AnfieldLab (minister)aye
Baroness Worthington Lab (minister)aye
Baroness Young of Old SconeLabaye
Baroness Brinton LDemaye
Lord Addington LDem (front bench)no
Lord Alderdice LDem (front bench)no
Lord Ashdown of Norton-sub-HamdonLDemno
Lord Avebury LDemno
Baroness Barker LDemno
Baroness Benjamin LDemno
Baroness Bonham-Carter of YarnburyLDemno
Lord Bradshaw LDemno
Lord Burnett LDemno
Lord Chidgey LDemno
Lord Clement-Jones LDem (front bench)no
Lord Cotter LDemno
Lord Dholakia LDem (front bench)no
Baroness Doocey LDem (front bench)no
Lord Dykes LDemno
Baroness Falkner of MargravineLDem (front bench)no
Baroness Garden of FrognalLDem (front bench)no
Lord German LDemno
Baroness Hamwee LDem (front bench)no
Baroness Harris of RichmondLDem (front bench)no
Lord Hussain LDemno
Baroness Jolly LDem (front bench)no
Lord Kirkwood of KirkhopeLDem (front bench)no
Baroness Kramer LDem (front bench)no
Lord Lee of TraffordLDem (front bench)no
Baroness Linklater of ButterstoneLDemno
Lord Loomba LDemno
Lord Maclennan of RogartLDem (front bench)no
Baroness Maddock LDem (front bench)no
The Earl of Mar and KellieLDem (front bench)no
Lord Marks of Henley-on-ThamesLDem (front bench)no
Lord McNally LDem (front bench)no
Baroness Miller of Chilthorne DomerLDemno
Lord Newby LDem (front bench)tellno
Baroness Northover LDem (front bench)no
Baroness Parminter LDemno
Lord Phillips of SudburyLDemno
Baroness Randerson LDem (front bench)no
Lord Razzall LDem (front bench)no
Lord Roberts of LlandudnoLDem (front bench)no
Lord Roper LDem (front bench)no
Baroness Scott of Needham MarketLDem (front bench)no
Lord Sharkey LDemno
Baroness Sharp of GuildfordLDem (front bench)no
Lord Shipley LDem (front bench)no
Lord Shutt of GreetlandLDem (front bench)no
Lord Steel of AikwoodLDemno
Lord Stephen LDemno
Lord Stoneham of DroxfordLDemno
Lord Storey LDemno
Lord Taverne LDemno
Lord Teverson LDem (front bench)no
Lord Thomas of GresfordLDemno
Baroness Thomas of WinchesterLDem (front bench)no
Baroness Tonge LDemno
Lord Tope LDemno
Lord Tyler LDem (front bench)no
Lord Wallace of SaltaireLDem (front bench)no
Lord Wallace of TankernessLDem (front bench)no
Baroness Walmsley LDemno
Lord Watson of RichmondLDemno
Baroness Williams of CrosbyLDemno
Lord Willis of KnaresboroughLDem (front bench)no
Lord Maginnis of DrumglassNon-affiliatedno
Lord Wigley PCaye
Lord Empey UUPno
Lord Rogan UUPno

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