Final dividend 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...

How to pay a dividend in specie

How to pay a dividend in specie 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 declare or 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...

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Explanatory statement for a restructuring plan

Explanatory statement for a restructuring plan This document is important and requires your immediate attention If you are in any doubt as to any aspect of this proposal or as to the action you should take, you should consult your professional adviser without delay. Further copies of this document and the enclosed voting forms can be obtained from the address listed on page [insert number]. [they may also be downloaded and printed from the website [insert website address]]. Proposal in relation to restructuring plan Pursuant to Part 26A of the Companies Act 2006 Between [Insert Company name] And its creditors/members (as defined in the restructuring plan) The meeting[s] of Creditors/Members to consider the restructuring plan (the Meeting[s]') will be held [[at insert address] OR virtually by telephone/webinar OR on [insert date] . The meeting[s] will commence at [insert time] London time. Notice of the meeting[s] is set out in Appendix 5 to this document. The action required to be taken by...

Chair’s AGM script—voting on a poll

Chair’s AGM script—voting on a poll For the Annual General Meeting of [Name of company] to be held on [Date] at [venue] 1 Introduction Good morning Ladies and Gentlemen. I am [insert name], the Chair of [insert name of company]. It is now [insert the exact time], which is [just past] the time set for the Annual General Meeting of [insert company name] to commence. 2 Quorum Having checked with Company Secretary/advisers/registrars There is a quorum present, so I declare the meeting open. 3 Housekeeping Before we commence, I would like to run through a few practicalities. Fire exits are located [[over there] OR [insert location]] and there is no fire drill planned for this morning. May I ask everyone to make sure mobile phones are switched off. Thank you. [[You may also be interested to note that this meeting is being recorded so that those shareholders and interested parties who are unable to be here today can view it on the company’s website from tomorrow onwards].]...

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Will there be a remittance in circumstances where a non-UK resident company declares a dividend and pays it to a shareholder’s non-UK bank account from monies held in the company's English bank account? The shareholder is a remittance basis user.

Will there be a remittance in circumstances where a non-UK resident company declares a dividend and pays it to a shareholder’s non-UK bank account from monies held in the company's English bank account? The shareholder is a remittance basis user. This Q&A assumes that: • the company holds its assets in its own right and not as a nominee of the shareholder • Conditions C and D set out in sections 809L(4) and 809L(5) of the Income Tax Act 2007 (ITA 2007) are not relevant to this query • at no time does the remittance basis user obtain a proprietary interest in the company's UK bank account A remittance of foreign income or gains will occur if Conditions A and B set out at ITA 2007, s 809L(2) and (3) are met insofar as foreign income or gains (or property derived from them) are brought to, or received or used in, the UK by, or for the benefit of a 'relevant person' or are used to pay for a service...