Examples of Dividend in a sentence
In addition to the Permitted Dividend, the Spirent Board will be entitled (if it sees fit) to declare and approve the payment of a dividend to Spirent Shareholders of up to 1.0 xxxxx per Spirent Share if the Effective Date has not occurred by 30 June 2025.
The Permitted Dividend is intended and expected to be declared by the Spirent Board and will be payable to Spirent Shareholders at any time before the Effective Date (or, if the Acquisition is implemented by way of a Takeover Offer, at any time before the Takeover Offer becomes or is declared unconditional) to Spirent Shareholders on the register of members at the relevant record date.
As part of the Acquisition, the boards of Keysight and Spirent have agreed the declaration and payment of the Permitted Dividend in lieu of a final dividend for the year ended 31 December 2023.
If, on or after the date of this announcement and prior to the Effective Date, any dividend, distribution, or other return of capital is declared, made, or paid or becomes payable by Spirent (other than the Permitted Dividend and/or the Additional Dividend), Keysight reserves the right to reduce the Acquisition Price payable under the terms of the Acquisition for the Spirent Shares by an amount equal to the amount of any such dividend, distribution or other return of capital.
Keysight and Spirent have agreed that the Spirent Board may declare and pay the Permitted Dividend and the Additional Dividend without any reduction in the Acquisition Price.