Issue - meetings

Meeting: 18/02/2025 - Shareholder Committee (Item 7)

7 Updated Articles of Association for West Norfolk Property pdf icon PDF 118 KB

Additional documents:

Decision:

RESOLVED: That the 2 items below be clarified prior to the amended Articles being agreed:

 

·         legal clarification be sought on the question of the ability to prevent the transfer of shares if the Shareholder Committee wished to do so, and

·         whether capitalisation of profits - para 17- is the right intention for the company, without approval of the Shareholders.

 

Reason for Decision

 

To enable West Norfolk Property to file the updated Articles of Association with Companies House.

 

Minutes:

Click here to view the recording of this item on YouTube

 

The Committee was informed that West Norfolk Property Ltd had reviewed their Articles of Association. Prior to submission to Companies House, they were required to be agreed by the Shareholder Committee either by written resolution or a special resolution at a general meeting.

 

The Committee in reviewing the Articles raised some queries which required legal clarification prior to it approving the amended articles.

 

RESOLVED: That the 2 items below be clarified prior to the amended Articles being agreed:

 

·         legal clarification be sought on the question of the ability to prevent the transfer of shares if the Shareholder Committee wished to do so, and

·         whether capitalisation of profits - para 17- is the right intention for the company, without approval of the Shareholders.

 

Reason for Decision

 

To enable West Norfolk Property to file the updated Articles of Association with Companies House.