Ministers apply finishing touches to 'Tell Sid'-style NatWest offer

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Jun 17, 2007
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Ordinary investors will be awarded 'bonus' shares in NatWest Group if they hold onto stock they acquire in the taxpayer-backed bank, under a plan expected to be finalised by ministers later this month. Sky News has learnt key details of the options being explored by the Treasury for a multibillion pound retail offer of NatWest shares, including a likely £10,000 cap on applications from members of the public. Jeremy Hunt, the chancellor, announced in last year's autumn statement that he would explore a mass-market share sale "to create a new generation of retail investors".
 
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