Company Name Ltd
(the “Company”)

Minutes of a meeting of the board of directors held at [REGISTERED OFFICE ADDRESS] on [DATE].

The following directors were present:

[DIRECTORS]

In Attendance:

[ATTENDEES]

Purpose of the meeting

The purpose of the meeting was to give consideration to the declaration of an interim dividend.

Directors' interests

It was noted that those directors who had an interest in the business of the Meeting had previously declared their interests to the extent required by the Companies Act 2006. It was further noted that the said directors were entitled to attend and vote at the meeting and form part of the quorum, notwithstanding such interests.

Accounts to support interim dividend

The accounts for the period ending  31 December 2009  were tabled and it was noted that these accounts showed that there were sufficient distributable profits, as defined by section 830 of the Companies Act 2006 (as amended), that is out of 'profits available for the purpose', to make a distribution in the amount of the interim dividend under consideration.

The directors further noted that nothing had happened since the date of these accounts (including any subsequent distribution(s)) that would contravene the Companies Act 2006 above provisions, if the interim dividend under consideration was to be paid.

The directors considered i) the financial position of the Company in the light of the above accounts ii) any subsequent events iii) Part 23 of the Companies Act 2006 to the extent necessary, and iv) the ability of the Company to settle its debts in the foreseeable future, and concluded that the interim dividend under consideration could lawfully be declared. 

Payment of interim dividend

It was resolved that an interim dividend of [DIVIDENT AMOUNT] per [SHARE VALUE AND CLASS] shares in respect of the year ended [DATE], be declared on the [SHARE CLASS] shares and payable on [DATE], to [SHARE CLASS] shareholders registered at the close of business on [DATE].

There being no further business the meeting was closed.

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Chairman								Date