French term
Espèces d'actions
"Article 6 - Espèces d'actions"
Document in Swiss French
3 +4 | classes of shares | Marco Solinas |
2 | (AmE & CanE) varieties of stocks or stock units | Adrian MM. |
Class of Shares | AllegroTrans |
Jul 2, 2020 15:01: Yvonne Gallagher changed "Language pair" from "French to English" to "English to French"
Jul 2, 2020 15:01: Yvonne Gallagher changed "Language pair" from "English to French" to "French to English"
Jul 2, 2020 22:17: Jennifer White changed "Level" from "PRO" to "Non-PRO"
PRO (1): AllegroTrans
Non-PRO (3): Yvonne Gallagher, Rob Grayson, Jennifer White
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Proposed translations
classes of shares
neutral |
Rob Grayson
: Possibly, except that "classes d'actions" is pretty standard…
8 mins
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agree |
Germaine
: C'est le standard en EN. En français, on dit plutôt "catégories d'actions"
28 mins
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agree |
AllegroTrans
: Yes, this is the standard phrase
1 hr
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agree |
Daryo
2 hrs
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agree |
Chris Pr
4 hrs
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(AmE & CanE) varieties of stocks or stock units
Perhaps the non-pro voters can elaborate...
There are two main types of stocks: common stock and preferred stock. Common Stock. Common stock is, well, common.
Some companies are also granting restricted stock or restricted stock units
http://www.thebalance.com/what-are-stocks-3306181
http://www.equigest.fr/docs/prospectus_equi-actions-suisse.pdf
neutral |
AllegroTrans
: Doesn't goggle, sorry google, very welland not a term I have seen in practice
11 mins
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Espèces d'actions doesn't Google at all, plus drafters of memos and arts of assoc. + partnership don't take their cue from g/hits. Nor do we know if the actions are ordinaires and/or privilégiées, rather than A, B &C.
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neutral |
philgoddard
: I've never seen this either, and your first reference says types.
1 hr
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what ? - Espèces d'actions, ha. ha! It's also non-standard, even by Swiss innovation. so deserves a non-standard ENG translation that is within corporately acceptable parameters.
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Reference comments
Class of Shares
By James Chen
Updated Jun 17, 2020
What Is a Class of Shares?
A class of shares is a type of listed company stock that is differentiated by the level of voting rights shareholders receive. For example, a listed company might have two share classes, or classes of stock, designated as Class A and Class B. Owners of companies that have been privately owned and go public often create class A and B share structures with different voting rights in order to maintain control and/or to make the company a more difficult target for a takeover. Two of the primary types of stock are common shares, representing the majority of shares available across the market, and preferred stock, which typically guarantee a fixed dividend but do not have voting rights.
agree |
Daryo
2 hrs
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thanks
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neutral |
philgoddard
: Your reference uses "type" twice.
3 hrs
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only for amplification, not as a synonym
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Discussion
I'm removing my answer on that basis.
Just because in Switzerland they say "Espèces d'actions" can not change the fact that the share capital in some companies is divided in "classes" of different rights. (and they are ever only called "classes" - whatever shift in meaning Swiss like to inflict on French words)
Is your comment aimed at me by any chance?
If so, there is a misunderstanding.
When I said "we don't have "classes d'action in French...", I meant the term does not occur in the French text, NOT that share classes do not exist in France.
Shares in company capital could be divided in several "classes" according to the rights associated with each class - NO OTHER term is used by Companies house (if THEY don't know the subject matter, I can't imagine who else would!).
I find it a really bizarre method to claim that it's not the right term in UK company law just because "une classe d'actions" is supposed to be a non-existent term in French.
To make it even more bizarre as method, the term "une classe d'actions" DOES EXIST in French (French French, that is) and means "class of shares".
If it happens that not all shares are "the same", then the action capital is divided in "classes (of shares)" makes no difference if classes are designated by letters (for brevity) or by names as "ordinary, preferential, non-voting, whatever ..) - there is no possible "other context" when a different name would be used for different categories / types / varieties of shares.
https://www.limitedcompanyhelp.com/different-classes-shares/
As its articles of association, we imagine that it is "class shares" (with voting rights) but we have no other proof of this.
I think therefore that Bob is not wrong to suggest "types of shares" (redeemable, preferable etc.) and as he points out, we don't have "classes d'action" in French which is the normal term for "share classes".