Decision details

Tricuro Local Authority Trading Company Transfer of Shares

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To seek approval for the transfer of Dorset Council's share in Tricuro, leaving BCP Council as the sole shareholder in the company.

Decision:

RESOLVED that Cabinet approved the transfer of Dorset Council’s share in Tricuro for the sum of £350,000.

Voting: Unanimous

Portfolio Holder: Health & Wellbeing

Reason

The transfer or allocation of Tricuro shares is a reserved matter, under the Shareholder Agreement and therefore requires Cabinet approval. The result of this decision would be for BCP Council to be the single shareholder in Tricuro.

Report author: Phil Hornsby

Publication date: 12/01/2024

Date of decision: 10/01/2024

Decided at meeting: 10/01/2024 - Cabinet

Effective from: 20/01/2024

Accompanying Documents: