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Withdrawal or amendment of dividend resolution to Annual General Meeting

Due to the unprecedented impact of COVID-19 on businesses, many companies will be considering that there is a 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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