Agenda item
Millennium Stadium Plc - Changes to Articles of Association and Associated Financial Arrangements
Decision:
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.
Supporting documents:
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Cabinet 13 Dec 2018 Millenium Stadium, item 6.
PDF 144 KB - Restricted enclosure View the reasons why document 6./2 is restricted
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