AGM definition

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How to pay a final or special cash dividend

How to pay a final or special cash dividend A company has an implied power to distribute its profits to its members, unless its articles of association provide otherwise. A dividend is one type of distribution that may be made by a company to its members. In fact, dividends are the most common type of distribution made by a company. However, a company is under no legal obligation to pay a dividend, unless the rights attaching to its shares specify that it must. Any entitlement that a member has to a dividend from a company derives from the shares they hold in that company—any right to a dividend attaches to a class of a company’s shares. No dividend may be declared, or paid, by a company unless it is done in accordance with the respective rights of the shareholders of a company. Different classes of share often have different dividend rights attaching to them. The ordinary meaning of 'dividend' is a share of profits, whether at a fixed rate or...

Standard listings in 2019 [Archived]

Standard listings in 2019 [Archived] ARCHIVED: Lexis+® UK Corporate conducted research to examine current market trends in respect of equity capital markets (ECM) transactions in 2019. Background and approach This review looks at the 22 companies which listed on the standard segment of the Official List 2019 (by way of IPO, introduction or transfer from AIM) and forms part of our annual trend report which aims to provide insight into the current dynamics of ECM activity in the UK. The other parts of our 2019 trend report comprise: • IPOs in 2019—Main Market and AIM [Archived] • Secondary Offers in 2019—Main Market and AIM [Archived] • Risk factor disclosure in 2019 IPOs [Archived] • Legal and regulatory developments in Equity Capital Markets 2019 [Archived] Introduction to standard listings Prior to the harmonisation of certain key elements of capital markets regulation across the EU, the UK listing regime was divided into a system of primary and secondary listing. A primary listing was the main listing category available to both...

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Letter of representation for a single or multiple corporate representative(s) to attend an AGM of a private company or unlisted public company

Letter of representation for a single or multiple corporate representative(s) to attend an AGM of a private company or unlisted public company To: The Directors [insert company name] [Limited OR PLC] [insert address of company] [insert date] Letter of representation: [insert name of corporate shareholder] [Limited OR PLC] (the Company) We, being the holders of [insert number of shares] [ordinary] shares of £[insert value] each in the capital of [insert name of company] [Limited OR PLC], notify you that [insert name of corporate representative] has been appointed as corporate representative of the Company pursuant to a resolution of the board of the Company dated [insert date] (the Corporate Representative). The Corporate

Certified copy board resolution to appoint single or multiple corporate representative(s)—AGM of listed public company

Certified copy board resolution to appoint single or multiple corporate representative(s)—AGM of listed public company [insert company name] [LIMITED OR PLC] (the Company) At a meeting of the board of directors of the Company held on [insert date], the following resolution was passed: That [[insert name of single corporate representative] OR the following persons] be appointed as corporate representative[s] of the Company[ in respect of the shares listed next to the representative’s name] to represent[, whether in person or remotely via electronic means,] the Company at the annual general meeting of [insert company name] PLC to be held on [insert date] at [insert time] at [insert address][, and additionally, through the electronic facilities that are being made available via [insert URL of virtual meeting platform] (the Virtual Meeting Platform)] [: OR

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Share Incentives weekly highlights—17 April 2025

This week's edition of Share Incentives weekly highlights includes (1) an update from the FCA on its PISCES sandbox framework following proposals in consultation paper CP24/29, (2) a focus on executive pay as the AGM season continues and (3) a new Q&A which considers whether an option holder can claim business asset disposal relief in relation to the sale of shares resulting from their EMI option exercise if a disqualifying event has previously occurred.