S.I. No. 396/2014 - State Airports (Shannon Group) Act 2014 (Shannon Commercial Enterprises Transfer Day) Order 2014.

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S.I. No. 396/2014 - State Airports (Shannon Group) Act 2014 (Shannon Commercial Enterprises Transfer Day) Order 2014.

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Notice of the making of this Statutory Instrument was published in
“Iris Oifigiúil” of 5th September, 2014.
I, PASCHAL DONOHOE, Minister for Transport, Tourism and Sport, in exercise of the powers conferred on me by section 28 (1)(b) of the State Airports (Shannon Group) Act 2014 (No. 27 of 2014), after consultation with the Minister for Public Expenditure and Reform, hereby order as follows:
1. This Order may be cited as the State Airports (Shannon Group) Act 2014 (Shannon Commercial Enterprises Transfer Day) Order 2014.
2. The day appointed as the day when ownership of all shares held—
(a) by the Minister for Public Expenditure and Reform, and
(b) in trust by persons for the Minister for Public Expenditure and Reform,
in the share capital of Shannon Free Airport Development Company Limited stand vested in Shannon Group is 5 September 2014.
GIVEN under my Official Seal,
3 September 2014.
PASCHAL DONOHOE,
Minister for Transport, Tourism and Sport.
EXPLANATORY NOTE
(This note is not part of the Instrument and does not purport to be a legal interpretation)
This Order fixes the 5th day of September 2014 as the day — the Shannon Commercial Enterprises transfer day — on which all shares held by, or on behalf of, the Minister for Public Expenditure and Reform in Shannon Free Airport Development Company Limited (Shannon Development) stand vested in Shannon Group plc as provided for under section 28 (1)(b) of the State Airports (Shannon Group) Act 2014 . (On the Shannon Commercial Enterprises transfer day, Shannon Free Airport Development Company Limited is re-named as Shannon Commercial Enterprises Limited.)

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