Blue Arrow: Chronology of events
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Your support makes all the difference.June 1982 Tony Berry acquires 55 per cent of Blue Arrow
July 1984 Blue Arrow floated on USM at pounds 3.1m capitalisation
July 1986 Floated on the stock exchange at pounds 87m
March 1987 Mr Berry becomes director of Tottenham Hotspur and acquires shares
7 Sept Blue Arrow acquires Manpower for pounds 844m
Sept Mr Berry borrows pounds 7.7m to buy rights shares
Sept ADT acquires large stake in Blue Arrow
19 Oct Stock market crash
1 Nov Norman Tebbit appointed non-executive director
9 Nov 1988 Canvey project suggested at meeting between Mr Berry and Peter de Savary
11 Nov Mr de Savary presents Canvey project to Blue Arrow executives
30 Nov Canvey discussed at Blue Arrow board meeting, Mitchell Fromstein's Filofax notes discovered
2 Dec Letter of intent to proceed with Canvey sent to Mr de Savary
6 Dec Mr Fromstein is dismissed
7 Dec Minute from 2 December prepared, 'purportedly authorising' the Canvey transaction. Agreement signed
15 Dec Drawdown notice served on Blue Arrow seeking pounds 25m by 21 Dec
17 Dec Mr Berry meets Michael Ashcroft of ADT about a possible merger
19 Dec Unrelated inquiry into County NatWest's handling of the Blue Arrow rights issue announced
20 Dec Board meeting to consider Mr Berry's future
21/23 Dec Drawdown of pounds 25m Canvey loan
12 Jan 1989 Mr Berry and David Atkins resign executive roles, Mr Fromstein rejoins board and appointed chief executive
28 Feb Planning application submitted for Canvey
3 April Blue Arrow AGM: pounds 25m loan revealed, but not association with Canvey
4 April Mr Berry is removed as chairman and Mr Atkins as deputy
18 May Mr Berry and Mr Atkins resign as directors
19 May Shareholders' circular explaining events
26 May Inspectors' inquiry announced
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