Decision details

Shareholder Actions - Pathway for Care Limited

Decision Maker: Commercial Ventures Executive Sub-Committee

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

Shareholder Actions required for Pathway for Care Limited.

Decision:

RESOLVED that:

i.         Pathway for Care Limited’s Annual Report and Unaudited Financial Statements for the year ended 31 July 2019, be received and confirmation from Pathway for Care Limited that provision has been made for the repayment of the £1.1 million preference shares by April 2023 be requested;

ii.        the departure of John Jory as Director of the Company be noted; and

iii.       Councillor V Lewanski be appointed as Director of Pathway for Care Limited as a replacement for John Jory and the appointment be confirmed in writing to Pathway for Care as set out in the exempt Part 2 section of the agenda.

Corporate Priorities : A great council.;

Wards Affected: (All Wards);

Contact: Kirsty Jane Hill, Democratic Services Officer Email: Kirsty.J.Hill@reigate-banstead.gov.uk Tel: 01737 276749.

Report author: Kirsty Jane Hill

Publication date: 21/09/2020

Date of decision: 17/09/2020

Decided at meeting: 17/09/2020 - Commercial Ventures Executive Sub-Committee

Effective from: 29/09/2020

Accompanying Documents: