POL00026486 - Email from Ben Foat to Tim Parker, Nick Read cc’d Tom Cooper and others RE: GLO - settlement agreement agreed

Evidence on official site

POL00026486
POL00026486

Message
From: Ben Foat I_ 4
Sent: 10/12/2019 21
To: Tim Parker [Tim.Park:
cc: Cooper, Tom.
carl.creswell
Subject:

Attachments: Settlement Agreement - revised version (Cs) (Clean) .1.DOCX

All
The parties have now agreed the settlement agreement which includes a financial payment of £57.75m.

As discussed earlier today, Tim and Nick could you by reply all to this email:
1. confirm that you approve this settlement in the terms set out in the attached agreement. Please note the
settlement agreement may be amended for typographical errors or for formatting purposes;
2. Confirm that you authorise the General Counsel to execute the agreement on substantially the same terms as
the attached agreement.

Upon this approval, we will seek the approval of BEIS via Tom and Richard as previously discussed.

Kind regards
Ben

Ben Foat
Group General Counsel
Ground Floor

20 Finsbury Street
LONDON

EC2Y SAQ

Mobile { GRO

Charles Flint QC

James Hartley

Lord, William

‘Watts, Alan ¢
Subject: RE: Mediation privileged .

All

I attach a proposed revised version. With apologies for putting you under pressure which is out of our hands, we do need an immediate answer as to
whether this is agreed, subject to formatting.

Kind regards

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Kate

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