asked the Minister for Finance, in respect of equity holdings held in his name due to IDA, SFADCo and Údarás investments, (a) the total number so held (b) the companies concerned and (c) the total amounts of dividends received in the year ending 31 July, 1988 in respect of such investments.
Written Answers. - Equity Holdings.
151.
The IDA has taken up investments in 22 companies actively trading, on behalf of the Minister for Finance in whose name they are registered, at a cost of £10,045,574. A list of the companies is given.
Dividends were received in the year ended 31 July 1988 totalling £11,370 from one company, Biocon Biochemicals Ltd. Investments taken up by SFADCo or Údarás are not registered in the name of the Minister for Finance.
Equity Shareholding held at end of 1988 in Companies actively trading.
|
Company |
IR£ Value of Cost of Share Capital |
% of Ordinary Share Capital |
|
Asahi Spinning (I) Ltd. Killala, Co. Mayo |
450,000 |
15.00 |
|
Asahi Synthetic Fibres Ltd. Killala* |
1,125,000 |
— |
|
Mitsui Denman (I) Ltd. Little Island, Cork |
440,000 |
5.00 |
|
Elxsi Corporation, San Jose, California* |
892,459 |
— |
|
Lake Electronics Designs Ltd, Dublin 12* |
246,250 |
— |
|
Premium Periclase Ltd. Drogheda* |
1,500,000 |
— |
|
KME International Ltd. Dublin |
210,000 |
3.00 |
|
Pressure Hydraulics Ltd. Carlow* |
26,000 |
— |
|
Silver Hill Foods Ltd. Emyvale, Co. Monaghan* |
100,000 |
— |
|
Biocon Biochemicals Ltd. Carrigaline, Co. Cork |
1,000,000 |
4.35 |
|
Tower Fame Ltd. Dublin* |
200,005 |
5.00 |
|
Ramville Ltd. Portumna, Co. Galway* |
450,000 |
2.69 |
|
Mentec Ltd. Dublin 8* |
500,000 |
5.00 |
|
Lissadell Towels Ltd. Carrickmacross, Co. Monaghan* |
1,610 |
— |
|
Softrans International Ltd. Blackrock, Co. Dublin* |
54,250 |
— |
|
Sullivan Studios (I) Ltd. Dublin 2 |
— |
5.00 |
|
Berto Limited Dublin 2* |
1,000,000 |
— |
|
Rynhart Collection Ltd. Bantry, Co. Cork* |
50,000 |
— |
|
Bantry Bay Mussels Ltd. Bantry, Co. Cork* |
50,000 |
— |
|
Ovamass Ltd. Dublin 2 |
— |
5.00 |
|
Kerry Group Plc, Listowel, Co. Kerry |
1,500,000 |
0.80 |
|
C Step Ltd. Dundalk, Co. Louth* |
250,000 |
10.00 |
* The value of shares held includes shares other than ordinary shares.