Main points of the offer
t Substantially all of Railtrack to be sold
pounds 69m additional dividend to be paid in October from
last year's profits
Shares to be paid for in two instalments in May this year
and June 1997
Private investors to pay 190 p for first instalment, with the total price to be announced 20 May, including a discount for private investors.
pounds 380 minimum investment (for 200 shares) in first instalment
5p a share off the second instalment up to maximum pounds 120 discount. Alternatively, one free share for every 15 held.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies