TIME is running out for investors planning to register for the
Government's #4000m power sell-off.
Anyone interested in receiving incentives in the PowerGen and National
Power share sale has until tomorrow to log details with one of the 130
participating share shops.
People missing the deadline can still buy shares, but will forfeit the
right to perks on offer, including payments discounts and bonus shares.
Existing National Power and PowerGen shareholders have not been
automatically registered and must log their details with a share shop
along with everyone else, quoting their shareholder number.
The incentives are a choice of either a discount of 25p a share off
subsequent instalments on the first 800 shares allocated, or bonus
shares -- one for 15 on the first 1200 allocated and held until March 31
1998.
Once an individual has registered their share shop will send them
information on the offer. Mini prospectuses and application forms will
be delivered during the week beginning February 20 and completed
application forms must be received by noon on March 1.
Price of the first two instalments are the same -- 170p per National
Power share and 185p per PowerGen share. The second instalment is due on
February 6 next year and the third six months later.
Investors will have to wait until the offer closes on March 6 before
the price of the third and final instalment is announced.
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