Purpose

The report seeks a formal Shareholder Decision
following approval of the Aequus Group
Holding Limited (AGHL) Board to the proposed interim dividend
payable to the Shareholder for the financial years 2023/24. A
formal Shareholder Decision is required in accordance with the
Shareholder Agreement, as Reserved Matter 32 for the actual
dividend payment to be made from AGHL to the Council
(Shareholder).

Decision

To approve the reserved matter below to allow
AGHL to progress with paying the interim dividend of £771K
for 2023/24 to the Shareholder in order
to meet the total Council Returns target set of £1m
for the financial year 2023/24.
 
Reserved Matter 32 - Declaring or paying any
end of year dividend of the Company (where applicable).