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Lord, William
From: Watson, Richard - UKGI <:
Sent: 10 December 2019 22:48
To: Ben Foat
Ce: Nick Read; Tim Parker; Watts, Alan; Emanuel, Catherine; Rodric Williams; Lord, William; Cooper, Tom - UKGI; carl.creswell
andrew.parsons; Patrick Bourke
Subject: Re: GLO - settlement agreement agreed
Ben
Thanks to everyone for all their hard work. Much appreciated. The shareholder approves.
I intend to update Ministers now that settlement has been acheived.
Thanks again
Richard
Sent from my BlackBerry — the most secure mobile device — via the EE Network
Catherine.Emanu
Hi Richard
As noted below, both Tim and Nick have now approved the settlement on behalf of Post Office. Do let me know if/ when you are able to give formal approval for me to
proceed with the settlement.
If it would be helpful to have a call happy to do so.
Many thanks
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Ben
Ben Foat
Group Generat Counsel
Ground Floor
20 Finsbury Street
LONDON
EC2Y 9AQ
Fro! ick Read ¢
Sent: Tuesday, December 10, 2019 1
To: Tim Parker <tr” ~
Cc: Cooper, Tom - UKGI <-
PM
Ben Foat <i”
*-"jWatson, Richard - UKGI <R
; Emanuel, Catherine
20. $ Lord, William <'
LO - settlement agreement agreed
Patrick Bourke
Ben,
I approve the agreement and authorise the General Counsel to execute.
Regards,
Nick
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Fro im Parker <
Sent: Tuesday, December 10, 2019 1
To: Ben Foat <f" i “en
Cc: Cooper, Tom - UKGI <
“} Watson, Richard - UKGI <f
; Emanuel, Catherine <@ ~~
Patrick Bourke
‘odric Williams <
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I approve the agreement and authorise the general counsel to execute.
Best
Tim
From: Ben Foat +
Sent: Tuesday, December 10, 2019 9:58:24 PM
To: Tim Parker
Cc: Cooper, Tom - UKGI <
Watts, Alan <!
i ; Lord, William
LO - settlement agreement agreed
}Rodric Williams < Patrick Bourke
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 Generai Counsel
Ground Floor
20 Finsbury Street
LONDON
EC2Y 9AQ
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POL00026508
From: Emanuel, Catherin
Sent: Tuesday, December 10, 2019 9:44:26 PM
To: Patrick Green QC :
Ce: Henry Warwick
Watts, Alan </*
; Charles Flint QC <
1 Ognjen Miletic <¢:
Imogen Randall
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
Kate
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