Template:Nutshell Equity Derivatives 10.1: Difference between revisions
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{{eqderivprov|10.1}}. “'''{{eqderivprov|Dividend Amount}}'''” means a {{eqderivprov|Share}}’s {{eqderivprov|Record Amount}}, {{eqderivprov|Ex Amount}} or {{eqderivprov|Paid Amount}}, as specified in the {{eqderivprov|Confirmation}} and | {{eqderivprov|10.1}}. “'''{{eqderivprov|Dividend Amount}}'''” means a {{eqderivprov|Share}}’s {{eqderivprov|Record Amount}}, {{eqderivprov|Ex Amount}} or {{eqderivprov|Paid Amount}}, as specified in the {{eqderivprov|Confirmation}} and adjusted to cater for concentrations or dilutions under Section {{eqderivprov|11.2}}. <br> | ||
{{Nutshell Equity Derivatives 10.1(a)}} | {{Nutshell Equity Derivatives 10.1(a)}} | ||
{{Nutshell Equity Derivatives 10.1(b)}} | {{Nutshell Equity Derivatives 10.1(b)}} | ||
{{Nutshell Equity Derivatives 10.1(c)}} | {{Nutshell Equity Derivatives 10.1(c)}} | ||
{{Nutshell Equity Derivatives 10.1(final)}} | |||
Latest revision as of 13:28, 4 October 2019
10.1. “Dividend Amount” means a Share’s Record Amount, Ex Amount or Paid Amount, as specified in the Confirmation and adjusted to cater for concentrations or dilutions under Section 11.2.
- 10.1(a) “Record Amount” means 100% of the gross cash dividend per Share declared by the Issuer to Shareholders on any record date during the Dividend Period.
- 10.1(b) “Ex Amount” means 100% of the gross cash dividend per Share declared by the Issuer to Shareholders of record, where the Shares commence trading “ex-dividend” during the Dividend Period.
- 10.1(c) “Paid Amount” means 100% of the gross cash dividend per Share paid during the Dividend Period to holders of record of a Share.
Any “gross cash dividend” represents the sum before any tax withholding and excluding any tax imputations, credits, refunds or deductions granted or levied on the dividend, and excluding any Extraordinary Dividends and Excess Dividend Amounts.