Part 1Restructuring of Royal Mail group

Ownership of the Post Office

I16Meaning of “Post Office company”

1

In this Part “Post Office company” means a company that—

a

is engaged in the provision of post offices,

b

is or has at any time been—

i

a subsidiary of the original holding company, or

ii

in the same group as a company that is or (as the case may be) was at that time designated under this section, and

c

is designated for the purposes of this subsection by order made by the Secretary of State.

2

A company may be designated only if, immediately before it is designated, it is wholly owned by the Crown.

3

An order under subsection (1) may not be amended or revoked.

4

An order under section 93 that appoints a day for the commencement of section 1 (removal of restrictions on ownership of Royal Mail Holdings plc etc) may not be made unless Post Office Limited (registered number 02154540) has been designated under subsection (1).