SLR - Ofcom Licensing

Section 105(A): Ability to maintain proposed service
1. Ownership and control of company, which will operate the licence
b) Proposed Investors and Shareholding Structure
(iv) Outline any shareholders agreements or arrangements which exist.
A shareholders agreement is in place containing standard terms. A copy can be supplied if
required.
(v) Where a corporate body other than a current Ofcom licensee will be providing 30% or more
of the required funding, details should be given of its directors and main shareholders, and of
its activities.
Laser Broadcasting Limited is the only corporate shareholder with a holding of more than
30%.
Laser Broadcasting Limited was established in 2002 to bid for local FM radio station licences
and acquire minority holdings in existing commercial radio businesses, as part of a long-term
strategy to build interests in a group of locally focused radio stations. Shrewsbury Local
Radio would be pleased to provide more information upon request.
Laser Broadcasting’s main shareholders are: (Directors are marked with an asterisk):
Full Name Holding
Hugh Morgan Williams* 1.90%
Nigel Reeve * 18.25%
NEL Ltd * 36.56%
Charles May * 13.42%
Keith Rawlings 6.20%
John Roberts 8.69%
Tim Jones 4.58%
Susan Hall * 0.50%
Misc Shareholders 9.89%
100.00%
(vi) Ofcom may request additional information (e.g. a banker's letter, statutory/management
accounts) regarding the shareholders, or any other providers of finance, listed in the
application.
Further information can be supplied if required.
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