20:26 Jan 30, 2021 |
Norwegian to English translations [PRO] Bus/Financial - Finance (general) | |||||||
---|---|---|---|---|---|---|---|
|
|
Repair offering Explanation: Maybe an alternative, though not necessarily better: Repair offerings are a Norwegian phenomenon and has apparently only been observed in the Norwegian capital markets. The offering is issued after a private placement and is exclusively directed towards nonparticipating shareholders. A firm is not required to do a repair offering subsequent to a private placement, but it is often used to justify the waiving of preferential rights. Specifically, the OSE takes it into account when evaluating whether a firm can deviate from the equal treatment principle. The main purpose of repair offerings is to reduce ownership dilution by letting nonparticipating shareholders buy shares at the same terms as in the private placement. Shares are granted on a pro-rata basis and resembles a rights-offering. However, if the stock price drops below the initial subscription price, the offering is effectively canceled. Reference: http://https://openaccess.nhh.no/nhh-xmlui/bitstream/handle/... |
| |
Login to enter a peer comment (or grade) |
BrE 'catch-up' pari passu issue Explanation: My first hunch was a pari passu issue, though I don't think BrE share or AmE stock need be spelt out as may be a bond / debenture issue. 'Catch up' may be recognisable on the London Stock Exchange, but query recognizable on the New York one: 'At exit, the A Ords pay out first at the price per share at which they were acquired. The Ords then ‘catch up’ by paying out at the same price per share at which the A Ords have just been paid out. The A Ords and the Ords then participate pro rata and *pari passu*.' Example sentence(s):
Reference: http://humphreys.law/wp-content/uploads/2020/05/Humphreys_Ch... |
| |
Login to enter a peer comment (or grade) |
subsequent offering to eligible shareholders/subsequent repair offering Explanation: Axator ASA in press announcement : subsequent repair offering DnB in the prospectus for the same offering: subsequent offering to eligible shareholders https://www.dnb.no/bedrift/markets/emisjoner/arkiv/161125-axactor.html https://www.dnb.no/portalfront/nedlast/no/markets/emisjoner/2016/161125-axactor.pdf |
| |
Login to enter a peer comment (or grade) |
Login or register (free and only takes a few minutes) to participate in this question.
You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.