This section has no associated Explanatory Notes
83(1)Paragraph 62 (reinvestment of dividends) is amended as follows.U.K.
(2)In sub-paragraph (1) for the first “all” substitute “ some or all of the ”.
(3)After sub-paragraph (1) insert—
“(1A)The company's direction must set out—
(a)the amount of the cash dividends to be applied as mentioned in sub-paragraph (1), or
(b)how that amount is to be determined.”
(4)In sub-paragraph (4) after “may” insert “ modify or ”.