TRAVEL – What Do Those Stats Really Mean?
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No separate Senior Independent Director has been appointed to the Board as, within the view of the Directors, it is inappropriate to take action given the size and composition of the Board. The Chairman’s performance is evaluated annually by the Board when finishing up the features carried out by a nomination committee as detailed on web page 27. All the Directors make themselves obtainable to shareholders at common meetings of the Company. Pursuant to the loan settlement between the Company and SDVP, the Company is not going to buy any of its Ordinary shares out of capital reserves unless the duvet for the ultimate redemption worth of the Zero Dividend Preference shares is at least 1.9 instances after the purchase. A Special Resolution was also passed on 5 September 2019 giving the Directors power to issue Ordinary shares for cash notwithstanding the pre-emption provisions of the …
