Decision Maker: Executive

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: Yes

Date of Decision: December 9, 2024

Purpose:

Content: The Executive agreed the recommendations as outlined above namely:   1.     To approve the termination of the Sale Agreement with Nikal Ltd.   2.     To delegate authority to the Head of Legal Services to issue notices to Nikal to terminate the Sale Agreement in accordance with clause 12 of the Sale Agreement.   3.     To delegate authority to the Chief Executive to appoint appropriate professional commercial advisers to promote and market the site to future Investors and Developers.