Decision details

Following consideration, the committee unanimously resolved to:

(1)        Approve the Company’s request under its loan agreement to vary the lease at its Arlington Square, Bracknell property, subject to adhering and complying with any relevant implications of the section 24 direction.

(2)        Recommend to the Shadow Authority to approve the Company’s request under its loan agreement to vary the lease at its Arlington Square, Bracknell property.

(3)        Recommend to the Shadow Authority to review its future options around the Arlington Square, Bracknell property.

Note: In the opinion of the Chief Executive and in accordance with the Paragraph 14.2 of Annex 4.6 of the Operating Framework (Overview, Audit and Scrutiny) the decision on this item is considered to be urgent and is not subject to call-in.