Create preferred shares for fixed dividend and Dividend policy
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- Proposals: 2
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- #935515
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Description
Experience Level: Intermediate
Industry: Healthcare
Legal topic: Ownership
Description of legal work: We would like to provide shares to our senior managers where by we pay them a fixed amount in dividend each month.
THere are enough post tax profits to justify the dividends.
I am told that it is possible to create a class of preferred share that have a coupon value ( say 10,000) and then to pay dividend as a percentage of the coupon value ( say 10% - would mean a divided of £1000 per month).
They key features are - no voting rights, rights to claw back shares any time on paying back the coupon value.
If you are have knowledge on these matters either as a solicitor or accountant , please bid here.
We also could do with a dividend policy to make this water tight.
Extra notes:
Legal topic: Ownership
Description of legal work: We would like to provide shares to our senior managers where by we pay them a fixed amount in dividend each month.
THere are enough post tax profits to justify the dividends.
I am told that it is possible to create a class of preferred share that have a coupon value ( say 10,000) and then to pay dividend as a percentage of the coupon value ( say 10% - would mean a divided of £1000 per month).
They key features are - no voting rights, rights to claw back shares any time on paying back the coupon value.
If you are have knowledge on these matters either as a solicitor or accountant , please bid here.
We also could do with a dividend policy to make this water tight.
Extra notes:
Trevor S.
100% (76)Projects Completed
114
Freelancers worked with
106
Projects awarded
27%
Last project
15 Mar 2021
United Kingdom
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