STRICTLY CONFIDENTIAL
ད
MINUTES OF A MEETING OF THE DIRECTORS OF
REDIFFUSION TELEVISION LIMITED
HELD ON FRIDAY, 13TH FEBRUARY 1981, AT 2.30 P.M.
AT THE BOARD ROOM OF SIR ELLY KADOORIE CONTINUATION LIMITED
ST. GEORGE'S BUILDING, 23RD FLOOR, HONGKONG.
Present:
Sir Sidney Gordon
S
Chairman
Mr. R.M. Denny
Mr. R. Dent
Mr. S.C. Huang
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Managing Director
Mr. Hui Sai Fun
Mr. E.J.V. Hutt (alternate Director
for Mr. R.C. Kwok)
Mr. Lamson Kwok
Mr. F.S. Li
Mr. K.S. Lo
Mr. J. MacKenzie
Mr. G.A. Pilgrim
Mr. L.M. Thompson
The Hon. Francis Tien
ANNEX E
In attendance:
Mr. Raymond Huang
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Company Secretary
Apology:
Mr. N. Mellersh
Before proceeding to the business of the meeting the Chairman apologised for the short notice given in convening the meeting and explained that he was advised of the visit of Messrs. R.M. Denny and L.M. Thompson only early this week.
528 APPOINTMENT OF MR. E.J.V. HUTT
It was resolved that the appointment of Mr. E.J.V. Hutt as alternate Director for Mr. R.C. Kwok be and is hereby confirmed.
529 MINUTES
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The Minutes of the meeting of 19th January 1981, having been circulated to the Directors, were confirmed and signed by the Chairman.
530 - CAPITAL RESTRUCTURE
Mr. R.M. Denny said that last summer Messrs. Schroders & Chartered Ltd. assisted in the preparation of a plan for the restructuring of the company and Rediffusion was obliged and did offer the first options to the existing shareholders. At the meeting in October it became apparent that none of the present shareholders was willing to subscribe to the new shares and it was agreed that Rediffusion would be free to approach new investors.