United Kingdom · Question · Written question
UIN 94390
Train Operating Companies: Investment Income
Original
Introduced
23 September 2020
Last action
28 September 2020 · Answer
Status
Answered
Sponsors
—
Subjects
Discovery layer
Source updated
28 September 2020
Summary
To ask the Secretary of State for Transport, what restrictions he plans to place on the payment of dividends by train operating companies as a condition of the Emergency Recovery Management Agreements.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
23 September 2020
Written question
To ask the Secretary of State for Transport, what restrictions he plans to place on the payment of dividends by train operating companies as a condition of the Emergency Recovery Management Agreements.
Source: Commons
28 September 2020
Answer
Franchisees will remain in ‘lock-up’ for the duration of the Emergency Recovery Management Agreements (ERMAs), meaning that payment of dividends may not made without the Secretary of State’s consent. Consent to the payment of a Permitted Dividend will not...
Source: Written answer
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- · Department for Transport · Answering body
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Sources
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- Official source: https://questions-statements.parliament.uk/written-questions/detail/2020-09-23/94390
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1237120
- uk · wq-1237120 · source updated 28 September 2020