London CIV subscription for B shares

June 2, 2025 Executive Director of Finance (Section 151 Officer) (Officer) Key decision Awaiting outcome View on council website

This summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.

Summary

...to sign the subscription letter and authorize the payment of £70,312 for 70,312 B shares in London CIV, proportional to Barnet's existing shareholding, to meet regulatory capital requirements.

Full council record

Decision

To document enacting of the delegation to sign the subscription letter and make the payment.

Supporting Documents

London CIV - Subscription letter 2025_signed v3.pdf
DPR LCIV subs.pdf
London LGPS CIV Ltd Articles of Association dated 20 April 2023.pdf

Details

OutcomeFor Determination
Decision date2 Jun 2025