Decision details

1.            That the increase of the previously approved loan facility to Apadmi Group Ltd from £2.7m to up to £3.3m be approved.

2.            That the investment into The Modular Analytics Company Limited of £400,000, approved under delegation, be noted.

3.            That authority be delegated to the Treasurer and Monitoring Officer to review the due diligence information in respect of the above loan, and, subject to their satisfactory review and agreement of the due diligence information and the overall detailed commercial terms of the loan, to sign off any outstanding conditions, issue final approvals and complete any necessary related documentation in respect of the loan noted above.