At the half yearly meeting on Friday 23^rd September 2011, the following reports were submitted:

• Directors' Report
• Chief Executive's report

In brief, the meeting:

• Approved the Directors' and Chief Executive's Reports
• Agreed a dividend rate of 1.5% for the period January to July 2011

The following directors were elected:

• Mr A R Beaumont and Ms L Foulds (four year term)
• Mr N Lloyd and Mr V Egan (three year term)