Postal Services Bill — Report (1st Day) — 4 May 2011 at 16:43
Amendment 2
Moved by Lord Young of Norwood Green
2: Before Clause 2, insert the following new Clause-
"Royal Mail companies to be publicly owned
(1) Each Royal Mail company must at all times be publicly owned.
(2) Accordingly-
(a) any issue or transfer of shares in a company will have no effect if it would cause a Royal Mail company to cease to be publicly owned, and
(b) any issue or transfer of share rights to a person will have no effect if the acquisition by the person of the shares to which the share rights relate would cause a Royal Mail company to cease to be publicly owned."
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