Final dividends are paid once a year, with reference to the company’s annual accounts.
A company’s articles of association typically provide that the directors may make a recommendation as to the amount of any final dividend, which is then approved (or ‘declared’) by the shareholders.
The shareholders may approve the directors’ recommendation by passing a written resolution or at a general meeting. They may decide that a lower dividend should be paid, but they cannot declare a dividend that is higher than the amount recommended by the directors.
Once a dividend has been declared by the shareholders, the company is obliged to pay it, either immediately or (if the shareholders’ resolution so provides) on a future date as stated in the resolution.
Therefore, we offer the following amount of dividends to the investors over the three year term:
• Dividends for year 1: $600,000.00 US Dollar
• Dividends for year 2: $700,000.00 US Dollar
• Dividends for year 3: $800,000.00 US Dollar,
but only if we raise the full amount of $10,000,000 US Dollar.
Board of Directors Phasis Invest LLC