UKG100003503
UKGI00003503
From: Callard Richard (ShEx)[/O=BIS PRODUCTION/OU=EXCHANGE ADMINISTRATIVE GROUP
(FYDIBOHF23SPDLT)/CN=RECIPIENTS/CN=EFOFAS7983304064B518D3B87774A899-
RCALLARD]
Sent: Wed 04/03/2015 8:14:09 AM (UTC)
To: Thompson Laura (Shareholder Executive}.
Subject: Sparrow
Morning Laura — hope you are feeling better etc.
If you are (and no worries if you are not), we should probably discuss sparrow today. The Board approved the papers
that went round (I approved it directionally but said we still had a number of tactical things to work through such as
the question of a WMS and the “safety net” point). We therefore need to be ready to go when they push the button
which suggests we need a sub sooner rather than later. I suppose topics for debate in my mind are:
¢ Do we do an early sighting sub with a firmed up one shortly thereafter (i.e. because some of the remaining
tactical issues are still to be worked through), or put up the full sub as soon as we can?
e Is Tom right that an WMS is the way to go — you’ve probably got a more informed view on that than me. But
the key question is does it really reduce the risk of an Urgent Question (my worry is that Jo won’t be around
to answer it!)
« Where are we on the “safety net” point — we probably have to go with it regardless, but it’ll come down to
how strong our argument is.
You may well have other points. Anyway, lets discuss if you are feeling up to it.
R
Richard Callard I Executive Director I Post Office Limited and Green Investment Bank Shareholder Teams I
Shareholder Executive .
BIS, 1 Victoria Street, London SW1H OET Ii
The Department for Business, Innovation and Skills (BIS) is making a difference by supporting sustained growth and
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