Examples of Additional Dividend in a sentence
In accordance with clause 4.1 of the Offer Document,the consideration payable by WSP to each accepting Opus shareholder will then reduce by an amount equal to the Additional Dividend (i.e. from $1.85 to $1.78).
On 13 September 2017, WSP agreed to vary its Offer pursuant to Rule 27 of the Takeovers Code to increase the Offer price to $1.85 per Share and to allow Opus to declare an additional cash dividend of $0.07 per Share (plus any available imputation credits) (the Additional Dividend).
Any payment of an Additional Dividend will first be credited against the earliest accumulated but unpaid Additional Dividend due with respect to each share that remains payable.
Such Trust Claimants shall then be entitled to any Additional Dividend payable from the T&N Hercules Fund at the same time as any Additional Dividend is payable to them from the T&N Fund (or would be payable if there were sufficient funds available in the T&N Fund to pay an Additional Dividend).
The Company may redeem all or some of the Preference Shares, in an aggregate amount equal to the issue price of the preference share of HK$100 each plus any unpaid dividends (including any Arrears of Dividend or any Additional Dividend Amount).