1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140 
Daf shares buoyan1
8th June 1989, Page 6
8th June 1989
Page 6
Page 6, 8th June 1989
— Daf shares buoyan1
Close
Noticed an error?
If you've noticed an error in this article please click here to report it so we can fix it.
If you've noticed an error in this article please click here to report it so we can fix it.
• Daf shares soared by more than £4 per share when trading on the Amsterdam and London Stock markets opened on Monday. The company's shares were priced at FL47 (£13.17) but jumped to £17.25 before falling back to close at £16.62.
Daf s 15,000 workers, including 7,000 Leyland Daf employees, made a windfall profit as the value of their 12 free shares increased from 2158 to £206. British Aerospace made 290 million by selling a 24% Daf stake in the flotation but retains 16% of Daf shares.
The sale of the 17.9 million Daf shares was more than 20 times over-subscribed when the flotation offer closed.
Tags
Locations:
Amsterdam, London Stock markets