Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
To enable the Council as the Special Shareholder in Millennium Stadium plc to consider granting its consent to proposed changes to the company’s Articles of Association and associated financial arrangements.
Appendix A to this report is exempt from publication pursuant to the Local Government Act 1972, Schedule 12a Part 4 Paragraph 14
RESOLVED: that the granting of consent on behalf of the Council, as the Special Shareholder of Millennium Stadium plc (as required under the company’s Articles 4.3 (a), (l), (m) and (q)), to the proposed changes to the company’s Articles of Association and associated financial arrangements be approved. This includes consent for Millennium Stadium plc to have the ability to increase its indebtedness up to a revised threshold and for the company to enter into a guarantee and/or debenture in the future, subject to approval by the company’s board.
Publication date: 17/12/2018
Date of decision: 13/12/2018
Decided at meeting: 13/12/2018 - Cabinet
Effective from: 29/12/2018
Accompanying Documents: