Withdrawal or amendment of dividend resolution to Annual General Meeting

Unforeseen circumstances can impact businesses resulting in the need for prudent cash management at this time. The board may, therefore, conclude that it is no longer appropriate to recommend or declare a dividend that is due to be put to shareholders for approval at the Annual General Meeting. Alternatively, boards may conclude that a dividend should still be paid, but the amount of the divided should be reduced. Our Q&As address a number of the most important issues.

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