The London Stock Exchange says it will allow companies listed on its markets to defer payment of dividends for up to 30 business days - but no more than 60 business days after the record date - because of the impact of coronavirus on markets.

An issuer must inform the LSEG's Stock Situations Team of any deferral of a dividend payment and this must be notified without delay.

After the deferral period has expired the dividend must be paid or cancelled.

If any dividend is to be cancelled and not paid, the LSEG says this should be notified by the issuer without delay.

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The London Stock Exchange says it will allow companies listed on its markets to defer payment of dividends for up to 30 business days - but no more than 60 business days after the record date - because of the impact of coronavirus on markets.

An issuer must inform the LSEG's Stock Situations Team of any deferral of a dividend payment and this must be notified without delay.

After the deferral period has expired the dividend must be paid or cancelled.

If any dividend is to be cancelled and not paid, the LSEG says this should be notified by the issuer without delay.