Written Resolution – Declaration of Dividend

This template written resolution is sent to shareholders so that they can declare a final dividend following its recommendation by the directors at a board meeting.

What this written resolution is used for

Use this template as an alternative to passing the resolution at a general meeting.

When is a shareholder resolution required?

A resolution is only required for the declaration of a final dividend where the company’s articles require it (often where the company has private company model articles).

Directors are able to recommend and declare interim dividends.

Circulation date and lapse date

The circulation date will usually be the date of the board meeting approving circulation of the written resolution, but it can be a later date.

The lapse date will be the last day of the 28-day period beginning with the circulation date, unless the company’s articles specify a different period.

Written Resolution – Declaration of Dividend is part of Corporate. Just £38.50 + VAT provides unlimited downloads from Corporate for 1 year.