Common use of Scrip dividends Clause in Contracts

Scrip dividends. The Directors may, if authorised by an ordinary resolution of the Company, offer any Holders of Shares the right to elect to receive Shares, credited as fully paid, instead of cash in respect of the whole (or some part, to be determined by the Directors) of any dividend specified by the ordinary resolution. The following provisions shall apply (subject always to the provisions of the Acts):

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

Scrip dividends. The Directors may, if authorised by an ordinary resolution of the Company, offer any Holders of Ordinary Shares the right to elect to receive Ordinary Shares, credited as fully paid, instead of cash in respect of the whole (or some part, to be determined by the Directors) of any dividend specified by the ordinary resolution. The following provisions shall apply (subject always to the provisions of the Acts):

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