Glossary entry (derived from question below)
Polish term or phrase:
AKCJE UPRZYWILEJOWANE DWUKROTNIE
English translation:
preference shares / preferred stock with double voting rights
Added to glossary by
magdawu
Feb 20, 2013 10:04
11 yrs ago
11 viewers *
Polish term
AKCJE UPRZYWILEJOWANE DWUKROTNIE
Polish to English
Bus/Financial
Finance (general)
5.000.000 (PIĘĆ MILIONÓW) AKCJI IMIENNYCH UPRZYWILEJOWANYCH DWUKROTNIE CO DO GŁOSU TRZECIEJ EMISJI - SERIA C
przepraszam za capslocki, ale kopiowałam z oryginału
przepraszam za capslocki, ale kopiowałam z oryginału
Proposed translations
(English)
4 +1 | preference shares / preferred stock with double voting rights | Karol Kawczyński |
Proposed translations
+1
13 mins
Polish term (edited):
AKCJE UPRZYWILEJOWANE DWUKROTNIE CO DO GŁOSU
Selected
preference shares / preferred stock with double voting rights
http://www.vallourec.com/en/finance/shareholder-corner/becom...
Double voting rights : shares that have been paid up in full and which can be shown to have been registered for four years in the name of the same shareholder have a voting right that is double that granted to other shares.
http://www.lexology.com/library/detail.aspx?g=099343af-00fd-...
If, for example, on 1 January 2010, a person held between 30% and one third of the voting rights of a company admitted to trading on Euronext Paris but less than 30% in share capital as a result of holding shares with double voting rights, the benefits of the grandfather clause would only apply to the holding in voting rights. It follows, in the same example, that if the person's holding then crossed the 30% threshold in share capital after 1 January 2010 (if not as a result of a prior firm undertaking), he or she would need to have reduced the holding in share capital to below 30% or have filed a draft offer by 1 February 2012. In the same way, if a person were to hold over 30% of the issuer's share capital at 1 January 2010 but under 30% of the voting rights on the same date due, for example, to preference shares with no voting rights or double voting rights held by other shareholders, then the benefits of the grandfather clause would only apply to the holding in share capital.
http://www.airliquide.com/en/the-shareholderscharter.html
equality of all shareholders: 1 share = 1 vote (no double-voting rights)
http://www.egx.com.eg/english/stocks.aspx
Preferred or Preference shares represent ownership of a company but they are different from ordinary shares and more similar to debt instruments. Preference shares in Egypt enjoy double voting rights according to Company Law No. 159 for year 1981.
Double voting rights : shares that have been paid up in full and which can be shown to have been registered for four years in the name of the same shareholder have a voting right that is double that granted to other shares.
http://www.lexology.com/library/detail.aspx?g=099343af-00fd-...
If, for example, on 1 January 2010, a person held between 30% and one third of the voting rights of a company admitted to trading on Euronext Paris but less than 30% in share capital as a result of holding shares with double voting rights, the benefits of the grandfather clause would only apply to the holding in voting rights. It follows, in the same example, that if the person's holding then crossed the 30% threshold in share capital after 1 January 2010 (if not as a result of a prior firm undertaking), he or she would need to have reduced the holding in share capital to below 30% or have filed a draft offer by 1 February 2012. In the same way, if a person were to hold over 30% of the issuer's share capital at 1 January 2010 but under 30% of the voting rights on the same date due, for example, to preference shares with no voting rights or double voting rights held by other shareholders, then the benefits of the grandfather clause would only apply to the holding in share capital.
http://www.airliquide.com/en/the-shareholderscharter.html
equality of all shareholders: 1 share = 1 vote (no double-voting rights)
http://www.egx.com.eg/english/stocks.aspx
Preferred or Preference shares represent ownership of a company but they are different from ordinary shares and more similar to debt instruments. Preference shares in Egypt enjoy double voting rights according to Company Law No. 159 for year 1981.
Peer comment(s):
agree |
rzima
: tak to się tłumaczy, choć dla Anglosasów chyba lepiej by było pominąć słowo preferred/preference (ale przecież oni też powinni potrafić się wykazać szarymi komórkami :) )
23 hrs
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Dziękuję :)
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4 KudoZ points awarded for this answer.
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