Flotation Of Aerostructures Hamble

EDM number 1614 in 1993-94, proposed by John Denham on 19/10/1994.

That this House notes that Aerostructures Hamble was floated in June 1994, at a share price of 120 pence on the basis of a prospectus prepared by N. M. Rothschild; notes also reports that the former chief executive, Mr A. Barr, made ú1.74 million from the sale of shares and other directors made over ú1.5 million; notes with concern that, following the recent admission of previously undisclosed order book and production problems, the share price fell to 24 pence; believes that the employees of the company are likely to be the first to suffer from this collapse; and calls on the Department of Trade and Industry to establish an inquiry into the circumstances surrounding the flotation and the preparation of the prospectus and to establish if any relevant information was withheld and, if so, by whom and to whose benefit.

This motion has been signed by a total of 25 MPs.

MP	Date	Constituency	Party	Type
John Denham	19/10/1994	Southampton, Itchen		Proposed
John Cummings	20/10/1994	Easington		Signed
Michael Connarty	20/10/1994	Falkirk East		Signed
William McKelvey	20/10/1994	Kilmarnock & Loudoun		Signed
John McAllion	20/10/1994	Dundee East		Signed
Eddie Loyden	20/10/1994	Liverpool, Garston		Signed
Lynne Jones	20/10/1994	Birmingham, Selly Oak		Signed
Peter Hardy	20/10/1994	Wentworth		Signed
Ernie Ross	20/10/1994	Dundee West		Signed
Bridget Prentice	20/10/1994	Lewisham East		Signed
Colin Pickthall	20/10/1994	West Lancashire		Signed
Jim Dowd	20/10/1994	Lewisham West		Signed
Jeremy Corbyn	21/10/1994	Islington North		Signed
Mike Watson	24/10/1994	Glasgow Central		Signed
Alan Simpson	25/10/1994	Nottingham South		Signed
Bill Michie	25/10/1994	Sheffield, Heeley		Signed
Michael Clapham	26/10/1994	Barnsley West & Penistone		Signed
Tommy Graham	26/10/1994	Renfrew West and Inverclyde		Signed
Janet Anderson	26/10/1994	Rossendale & Darwen		Signed
Mike Hall	27/10/1994	Warrington South		Signed
Derek Enright	27/10/1994	Hemsworth		Signed
Ian Davidson	27/10/1994	Glasgow, Govan		Signed
Ken Livingstone	27/10/1994	Brent East		Signed
Martyn Jones	01/11/1994	Clwyd South West		Signed
Jack Thompson	01/11/1994	Wansbeck		Signed

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