RELEASE FROM DT
5 JUNE
DRAFT PRESS NOTICE
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(for Financial Secretary)
Richest $76.
516
LLOYDS/MIDLAND: CONSENT BY SECRETARY OF STATE FOR TRADE AND
INDUSTRY UNDER SECTION 75(4C) (a) OF THE FAIR TRADING ACT 1973
Pa
133
ANNEX
C Mr Story /or 18/6
The Secretary of State for Trade and Industry, Michael Heseltine, has given consent to the acquisition by Lloyds Bank plc of shares in Midland Bank plc provided that its shareholdings and those of its associates in aggregate do not amount to 10% or more of
Midland's issued share capital.
Nules for Editors
1.
2.
Section 75(4A) of the Fair Trading Act 1973 makes it unlawful for any person owning or controlling an enterprise to which a merger reference relates and those associated with such a person from acquiring shares in a company which is subject to the reference or those associated with such a company, except
with the consent of the Secretary of State under Section
75(4C) of the Act.
The text of the consent may be inspected at the Department of Trade and Industry in Room 534, Ashdown House, 123 Victoria
Street, London SW1E 6RB.
CP2WED51. AUG
200
CADIOD NOLILEDWOƆ) 110
SS:60
26/90/50
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