Issue - decisions

Millennium Stadium Plc - Consent Of Special Shareholder To Changes To Financial Arrangements

15/09/2020 - Millennium Stadium Plc - Consent Of Special Shareholder To Changes To Financial Arrangements

Appendix A (Confidential Legal and Financial Implications) to this report is exempt from publication on the basis that it contains information of the description set out in paragraphs 14 and 16 of Part 4 of Schedule 12A of the Local Government Act 1972.

 

Agreed: that consent be granted of consent on behalf of the Council, as the Special Shareholder, for Millennium Stadium plc to change its financial arrangements and to increase its guarantee liability or indebtedness above the threshold set out in Article 4.3(q) of the Company’s Articles.