Board Resolution Approving Declaration of Final Dividend

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Phone: {{phone}} | Email: {{email}} | Web: {{website}}

Board Resolution Approving Declaration of Final Dividend

Board Resolution Approving Declaration of Final Dividend

{{company_name}} {{company_address}} Tel: {{phone}} Email: {{email}} Website: {{website}}

BOARD RESOLUTION APPROVING DECLARATION OF FINAL DIVIDEND

PASSED by the Board of Directors of {{company_name}} (hereinafter referred to as “the Company”) at a meeting duly convened and held at {{meeting_location}} on {{date_of_meeting}} at {{time_of_meeting}}.

WHEREAS:

A. The Company’s audited financial statements for the financial year ended {{financial_year_end_date}} have been presented to and considered by the Board.

B. The Company’s Articles of Association and relevant legislation permit the declaration of dividends from its profits.

C. The Board has assessed the Company’s financial position, cash flow, and future capital requirements and has determined that the Company has sufficient distributable profits to declare a final dividend.

IT IS HEREBY RESOLVED THAT:

1. A final dividend of {{dividend_amount_per_share}} ({{currency}}) per ordinary share be and is hereby declared for the financial year ended {{financial_year_end_date}}, amounting to a total dividend of {{total_dividend_amount}} ({{currency}}).

2. The final dividend shall be payable to shareholders registered in the Company’s share register at the close of business on {{record_date}}.

3. The dividend payment date shall be {{payment_date}}.

4. The Company Secretary be and is hereby authorised to dispatch dividend warrants, effect electronic transfers, or take such other steps as may be necessary to distribute the declared dividend to eligible shareholders.

5. The Board confirms that, after payment of the final dividend, the Company will satisfy the solvency and liquidity tests as required by applicable corporate legislation.

CERTIFICATION

We, the undersigned, being a quorum of the Directors of {{company_name}}, do hereby certify that the foregoing resolution was duly passed by the Board of Directors on the date mentioned above and that it is in conformity with the Memorandum and Articles of Association of the Company and all applicable laws.

SIGNED BY THE DIRECTORS:

_____________________________

Name: {{director_name_1}}

Signature:

Date:

_____________________________

Name: {{director_name_2}}

Signature:

Date:

_____________________________

Name: {{director_name_3}}

Signature:

Date: