TNAG-1078-FCO40-1328-Policy-of-the-Hong-Kong-Government-on-television-services-1981 — Page 50

STRICTLY CONFIDENTIAL

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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.