PDSnet Glossary

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Definition

An event which results from a decision of the company's board of directors and which does not require shareholder compliance. For example, the declaration of a dividend is a corporate action and the shareholders receive payment of the dividend without having to make a decision. This is the opposite of a voluntary corporate action which requires the shareholder to do something, if he chooses, such as a rights issue where the shareholder must make a decision about taking up the rights or selling them). All corporate actions, mandatory and voluntary, are reported on the stock exchange news service (SENS).

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