POL00103714 - Email from Nick Read to Tim Parker, Ben Foat, Tom Coopers and others; Re: GLO - settlement agreement agreed

Evidence on official site

POL00103714
POL00103714

Message
From: Nick Read!
on behalf of — Nick Read:
Sent: 10/12/2019 2.
To: Tim Parker
cc: Cooper, Tom
carl.creswelt Wi
Subject: Re: GLO - settlement agreement agreed
Ben,
I approve the agreement and authorise the General Counsel to execute.
Regards,
Nick

Get Outlook for iOS

From: Tim Parker

Emanuel, Catherine
>; Patrick Bourke

Rodric Williams
>; Lord, William f°
‘e: GLO - settlement agreement agreed

“Subje
Ben
I approve the agreement and authorise the general counsel to execute.
Best

Tim

From: Ben Foat ¢

Emanuel, Catherine

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;

POL-0103297
POL00103714
POL00103714

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 9AQ

Mobile

: Emanuel, Catherine
Sent: Tuesday, December 10, 2019 9:

>; stephen.ruttle:
Watts, Alan <.
Mediation privileged

Lord, William

>;

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

Herbert Smith Freehills LLP and its subsidiaries and Herbert Smith Freehills, an Australian Partnership, are
separate member firms of the international legal practice known as Herbert Smith Freehills.

This message is confidential and may be covered by legal professional privilege. If you are not the intended
recipient you must not disclose or use the information contained in it. If you have received.this.email.in error
please notify us immediately by return email or by calling our main switchboard oni GRO _ )and
delete the email. oe

Further information is available from www.herbertsmithfreehills.com, including our Privacy Policy which
describes how we handle personal information.

Herbert Smith Freehills LLP is a Limited Liability Partnership registered in England and Wales with registered
number OC310989. It is authorised and regulated by the Solicitors Regulation Authority of England and Wales

POL-0103297
POL00103714
POL00103714

(https://www.sra.org.uk), authorisation number 419682. A list of the members and their professional
qualifications is open to inspection at the registered office, Exchange House, Primrose Street, London EC2A
2EG. We use the word partner of Herbert Smith Freehills LLP to refer to a member of Herbert Smith Freehills
LLP, or an employee or consultant with equivalent standing and qualifications. Herbert Smith Freehills LLP's
registration number for Value Added Tax in the United Kingdom is GB 927 1996 83.

POL-0103297