Govcom Reports 2016-02-11

Proposal to amend Articles 16.1, 16.2 and 16.3 as follows:

Retirement of Directors

16.1 Elected Directors shall retire from office at the second third Annual General Meeting since their last appointment, unless by the close of the meeting there are insufficient Directors to hold a quorate meeting of the Directors.

16.2 Co-opted Directors shall retire from office after two three years from the date of their appointment and become eligible for reappointment, in accordance with Article 17.2, if the Trustees see fit.

16.3 If more than three four Elected Directors are appointed at an Annual General Meeting, the number appointed in excess of three four shall be required to retire at the next second Annual General Meeting from their appointment.