Sets out the government’s intention to conduct a sale of shares in Royal Mail. This introduction of private sector capital aims to secure the universal postal service for the benefit of all users. As part of this Initial Public Offering (IPO), members of the public will have the opportunity to buy shares.
We will also create an employee share scheme that will lead to at least 10% of the company in employee ownership. Ten per cent of the company’s shares will be allocated to Royal Mail employees for free.
See the related press notice on Royal Mail stock market flotation.