Dividends & Distributions in Specie - Under the Spotlight

Introduction

The words ‘dividend in specie’ and ‘distribution in specie’ are often used interchangeably in practice. However, they are different and this webinar will analyse the legal differences between the two forms (including appreciating why the differences are important and how this impacts on the documentation you will be preparing).

If you are a solicitor, accountant or company secretary advising private companies in the UK and are involved in drafting dividend documentation, then this short webinar is for you.

What You Will Learn

This webinar will cover the following:

• Dividends - a brief summary
• Deemed distribution (and Aveling Barford)
• Dividends in specie and relevant requirements in the articles of association
• Distributions in specie and relevant statutory requirements
• Legal issues impacting on directors’ considerations
• When is shareholder approval required?
• How to determine the amount of a distribution in specie (and whether the transaction is legally permitted)
• Consequences for getting the process wrong

This webinar was recorded on 28th January 2022