tail swallow(-ing)
Polish translation: bezgotówkowe nabycie lub objęcie udziałów/akcji (przez obecnych wspólników/akcjonariuszy) [tail swallowing /cashless take-up]
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| 16:56 Oct 15, 2017 |
| English to Polish translations [PRO] Bus/Financial - Finance (general) / SIP | |||||||
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|  Selected response from: mike23 Poland Local time: 04:28 | ||||||
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| 2 +1 | bezgotówkowe nabycie udziałów/akcji (przez obecnych wspólników/akcjonariuszy) [ang. tail swallowing] |
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Answers
3 hrs confidence: 
peer agreement (net): +1
peer agreement (net): +1| tail swallowing / cashless take-up bezgotówkowe nabycie udziałów/akcji (przez obecnych wspólników/akcjonariuszy) [ang. tail swallowing] Explanation: tail swallowing - nabycie nowo emitowanych udziałów/akcji spółki handlowej przez jej obecnych wspólników/akcjonariuszy z wykorzystaniem środków pochodzących ze zbycia części przysługujących im praw do nabycia takich udziałów/akcji https://uk.practicallaw.thomsonreuters.com/4-107-7567?__lrTS... Tail swallowing is what shareholders do when they don't want to shell out for a company fundraising. When a company tries to build up some cash through a rights issue, shareholders almost always exercise their right to buy new shares at a discounted price. But if they can't afford to subscribe for new stock, or they don't support the management team, shareholders are confronted with two options... Which are? One is sell on all of their 'rights' on the open market. This generates some cash for an investor. But it's rarely enough to offset the drop in the value of their existing shares, which generally slide when the new cut-price stock is issued. For that reason, reluctant shareholders will often take the second option, which is 'tail swallowing'. How? By selling a portion of their rights so that they can buy some of the new shares they've been offered, but without putting any extra cash in. The 'tail' disappears, but the body remains intact. Read more: http://www.thisismoney.co.uk/money/news/article-1694805/Tail... https://www.proz.com/kudoz/english_to_italian/finance_genera... https://www.proz.com/kudoz/english_to_spanish/finance_genera... http://www.investopedia.com/terms/c/cash-neutral.asp HOW DOES TAIL-SWALLOWING WORK? Also known as a "cashless take-up", it allows investors to sell enough rights to cover the cost of taking up the remainder. Hargreaves Lansdown, the stockbroker, said that if Barclays shares were trading at £3, then 100 rights would be worth £1.15 each (£3 less £1.85). Shareholders could therefore sell 65 rights to generate £74.75. After a broker commission charge of, say, £10, this would leave £64.75 – enough to take up the remaining 35 rights without investing any further cash. http://www.thisismoney.co.uk/money/news/article-1694805/Tail... -------------------------------------------------- Note added at 3 hrs (2017-10-15 20:07:54 GMT) -------------------------------------------------- Opcja 2: bezgotówkowe nabycie lub objęcie udziałów/akcji (przez obecnych wspólników/akcjonariuszy) [ang. tail swallowing / cashless take-up] |
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Reference comments
1 hr peer agreement (net): +2 |
| Reference: Tail swallowing Reference information: Tail swallowing is what shareholders do when they don't want to shell out for a company fundraising. When a company tries to build up some cash through a rights issue, shareholders almost always exercise their right to buy new shares at a discounted price. - http://www.thisismoney.co.uk/money/news/article-1694805/Tail... |
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