Chelverton UK Dividend Trust PLC (‘the Company’) and its subsidiary SDV 2025 ZDP PLC (‘SDVP’) (‘the subsidiary’) together form the Group. The Group’s funds are invested principally in mid and smaller capitalised UK companies. The portfolio includes companies listed on the Official List and firms admitted to trading on AIM.
BLACKROCK, BLACKROCK SOLUTIONS, ALADDIN, iSHARES, LIFEPATH, SO WHAT DO I DO WITH MY MONEY, INVESTING FOR A NEW WORLD, and BUILT FOR THESE TIMES are registered and unregistered emblems of BlackRock, Inc. or its subsidiaries in the United States and elsewhere. BlackRock Asset Management Deutschland AG has obtained full license from FTSE to use such copyright in the creation of this product. ‘FTSETM’ is a trade mark jointly owned by the London Stock Exchange Limited and The Financial Times Limited and is used by FTSE worldwide Limited under license. iShares® is a registered trademark of BlackRock Fund Advisors or its affiliates.The Underlying Indices are maintained by Barclays Capital.
The Group funds its operations via Zero Dividend Preference shares issued by SDVP and equity. Cash, liquid sources and quick-term debtors and collectors arise from the Group’s day-to-day operations. comprise strange shares in companies listed on the Official List and firms admitted to AIM. If the Restructuring Resolution is both not proposed or not passed then the Directors shall convene a General Meeting no more than four months after the date of the First GM (or such adjournment).
The impact of Covid-19 is all too apparent on our lives and the world and UK financial system. A lesser known influence is the overall, across the board, discount or elimination of dividends paid by corporations.
- In addition, notice 23 on pages sixty four to 68 to the monetary statements sets out the Group’s goals, policies and processes for managing its capital; its monetary danger management objectives; particulars of its financial instruments; and its exposure to credit danger and liquidity risk.
- The Chairman’s efficiency is evaluated yearly by the Board when carrying out the capabilities performed by a nomination committee as detailed on page 27.
- The Group’s enterprise activities, along with the factors prone to have an effect on its future development, performance and position, are described in the Chairman’s Statement on pages 2 and three and in the Investment Manager’s Report on pages 4 to six.
- All the Directors make themselves out there to shareholders at common meetings of the Company.
- Notwithstanding the challenges arising from the influence of Covid-19, the Investment Manager continues to function and administer the Company in accordance with relevant accounting requirements.
These communications help the Board make informed selections when contemplating tips on how to promote the success of the Company for the advantage of shareholders. This 12 months, the Annual General Meeting to be held on 9 September 2020 is to be closed to shareholders owing to the Covid-19 pandemic and only Directors will attend. Shareholders are subsequently strongly encouraged to vote by proxy, appointing the Chairman as their proxy.
Shareholders’ funds are the whole value of all of the Company’s property, at present market value, having deducted all prior expenses at their par worth (or at their asset worth). Each holder of Zero Dividend Preference shares on a show of palms may have one vote at meetings where Zero Dividend Preference shareholders are entitled to vote and on a ballot may have one vote for each Zero Dividend Preference share held.
Dividends receivable on quoted fairness shares are taken into consideration on the ex-dividend date. Where no ex-dividend date is quoted, they’re introduced under consideration when the Group’s right to obtain fee is established. Other investment revenue and interest receivable are included within the financial statements on an accruals foundation. Overseas dividends acquired from UK Companies are said gross of any withholding tax.
The companies/securities will not be acquired or owned by, or acquired with the assets of, an ERISA Plan. iShares Physical ETCs are trade traded commodities and are neither fund nor change traded funds. The iShares Physical ETCs are collection of secured metal-linked securities issued in the form of debt securities. Unlike the iShares funds domiciled in Ireland which problem shares, the securities of all iShares Physical ETCs are issued within the form of debt securities which are listed and traded as non-equity securities.
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