When AmbFAS was first registered it was registered as a charity owned Community Interest Company [CIO] owned by its parent charity Devon Essential Medical Services.
In early 2013 Devon Essential Medical Services was deregistered upon the registration of its replacement - Devon EMS & Southern Event Solutions CIO.
It has now been agreed that the CIO will pass its majority shareholding in AmbFAS over to its Directors and that each Director will have an equal shareholding, as part of the agreement the majority of AmbFAS Directors will also be Trustees of the CIO.
There will be some changes to the AmbFAS Board of Directors who will now own and administer the CIC.
AmbFAS is set to take on a fresh new look with and given a higher profile, and in many respects will look like a fresh new company displaying its new logo and dedicated website, existing SLAs between AmbFAS and the CIO will continue, and AmbFAS set to be a key part of the Devon EMS Group.
We will keep you posted on further developments
Comments