URL: https://glostext.gloucestershire.gov.uk/ieDecisionDetails.aspx?ID=2362

Decision Maker: Cabinet Member - Finance and Property

Outcome:

Is Key Decision?: Yes

Is Callable In?: Yes

Purpose: To seek approval to agree a new UBICO Shareholder Agreement.

Content: To seek approval to agree a new UBICO Shareholder Agreement. That the Cabinet Member for Finance and Property rejects the alternative options and takes the recommended decision to:   Approve the termination of a shareholders’ agreement between the following local authority shareholders:   a. Gloucestershire County Council b. Cheltenham Borough Council c. Cotswold District Council d. Forest of Dean District Council e. Stroud District Council f. Tewkesbury Borough Council g. Gloucester City Council; and h. West Oxfordshire District Council   that was entered into in January 2020 for the purpose of ensuring that they retain control over the strategic direction and key decisions of the environmental services company known as Ubico Limited (the “2020 Shareholders’ Agreement”).   2. Approve the proposal described in this report to enter into a replacement Shareholders’ Agreement between the above parties commencing in January 2025 in the form set out in exempt Appendix 3 to this report.   For the reasons set out in the report.  

Date of Decision: December 12, 2024