Cymraeg

ModernGov Councillors and Meetings

cardiff.moderngov.co.uk

Decision details

Millennium Stadium Plc - Changes to Articles of Association and Associated Financial Arrangements

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

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.

 

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.

 

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:

 

To request a document in an accessible format please e-mail us.

© 2022 Cardiff Council
We use strictly necessary cookies to allow you to have the best experience on our website. These cookies do not track users.