Re: Dividends and shareholder agreements

On Thu, 22 Mar 2007 18:28:06 GMT, "Mike Lewis"
<mike-at-home@xxxxxxxxxxxxxxxxxxxxx> wrote:


"Peter Saxton" <peter@xxxxxxxxxxxxxxxxx> wrote in message
news:phavv21f5rrdsvcp3doaapjleg2anlq077@xxxxxxxxxx
I've seen a shareholders agreement that says dividends should be paid
out in a different percentage to the shareholdings.

Is this possible? If so, would you have different dividend per share
rates per dividend voucher?

I wouldn't have thought so because the dividends are declared and paids by
the directors, who are not party to the shareholders agreement. At least not
in their capacity as directors.

But how could most shareholder agreements have any force then?

--
Peter Saxton from London
peter@xxxxxxxxxxxxxxxxx
.

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