Common use of Scrip dividends Clause in Contracts

Scrip dividends. 139 The Directors may, if authorised by an ordinary resolution of the Company, offer the holders of Ordinary Shares (excluding any member holding shares as treasury shares) the right to elect to receive Ordinary Shares, credited as fully paid, instead of cash in respect of any dividend or any part of any dividend specified by the ordinary resolution. The following provisions shall apply:-

Appears in 2 contracts

Sources: Articles of Association (Unilever PLC), Articles of Association (Unilever PLC)

Scrip dividends. 139 138 The Directors may, if authorised by an ordinary resolution of the Company, offer the holders of Ordinary Shares (excluding any member holding shares as treasury shares) the right to elect to receive Ordinary Shares, credited as fully paid, instead of cash in respect of any dividend or any part of any dividend specified by the ordinary resolution. The following provisions shall apply:-

Appears in 1 contract

Sources: Articles of Association (Unilever PLC)