exercice de 6.000 BSPCE Managers 2

English translation: exercise of 6,000 BSPCE Managers 2

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

French term or phrase:	exercice de 6.000 BSPCE Managers 2
English translation:	exercise of 6,000 BSPCE Managers 2
Entered by:	Laura Hastings-Brownstein

23:18 Apr 11, 2023

French to English translations [PRO]
Bus/Financial - Government / Politics / Minutes of an Extraordinary General Meeting

French term or phrase: exercice de 6.000 BSPCE Managers 2

Explanation:
The document is redacted in Canadian French. The question I have is how is the phrase, BSPCE Managers 2 (in reference to Stock Options for employees) used in conjunction with "exercice"? Should "BSPCE Managers 2" be considered a name of a fund and "exercise" the fiscal year thereof? Or is there a different interpretation all together? Thanks!
Example sentence:
Constatation de l’exercice de 6.000 BSPCE Managers 2 au titre du plan adopté par l'assemblée générale extraordinaire en date du 20 mars 2019
Other context:
L’Associé Unique, après avoir rappelé que :
L’assemblée générale extraordinaire de la Société réunie le 20 mars 2019 a, dans sa huitième résolution, autorisé l’émission à titre gratuit d’un nombre maximum de 414.235 BSPCE Managers 2, donnant chacun droit à la souscription d’une action ordinaire de la Société, et réservé l’attribution de ces BSPCE Managers 2 aux salariés ou dirigeants sociaux soumis au régime fiscal des salariés de la Société en fonction à la date d’attribution des BSPCE Managers 2.
Chaque BSPCE Managers 2 permet la souscription, aux conditions de l’article 163 bis G II du code général des impôts, au maximum d’une action ordinaire d’une valeur nominale de 0,01 euro à un prix de souscription de 1,05 euros, comprenant une prime d’émission de 1,04 euros par action.
L’assemblée générale du 20 mars 2019 a également donné tous pouvoirs au Comité stratégique pour mettre en œuvre cette résolution, et à l’effet notamment d’émettre et attribuer les BSPCE Managers 2, d’arrêter les conditions d’exercice et les modalités définitives des BSPCE Managers 2 et de constater le nombre d’actions ordinaires émises par suite d’exercice des BSPCE Managers 2, procéder aux formalités consécutives aux augmentations de capital correspondantes et apporter aux statuts les modifications corrélatives.
En vertu des pouvoirs lui ayant été conférés par l’assemblée Générale extraordinaire en date du 20 mars 2019, le Comité stratégique a décidé le 30 juin 2020 d'attribuer notamment 6.000 BSPCE Managers 2 à Monsieur XXXXX.

Laura Hastings-Brownstein KudoZ activity Questions: 405 (none open) (5 without valid answers) (15 closed without grading) Answers: 92
Local time: 07:25

exercise of 6,000 BSPCE Managers 2

Explanation:
What does it mean to exercise stock options?
Exercising stock options means you’re purchasing shares of a company’s stock at a set price. If you decide to exercise your stock options, you’ll own a piece of the company. Owning stock options is not the same as owning shares outright.
http://carta.com/blog/exercising-stock-options/

BSPCEs are a particular kind of French stock option/warrant:
http://www.proz.com/kudoz/french-to-english/investment-secur...

Selected response from:

philgoddard
United States

Grading comment

This answer is among the best I have ever received. I love that Phil included an explanation and a link as well. Thanks as always, Phil!
4 KudoZ points were awarded for this answer

Summary of answers provided

4 +2

exercise of 6,000 BSPCE Managers 2

philgoddard

Answers

34 mins confidence:

peer agreement (net): +2

exercise of 6,000 BSPCE Managers 2

philgoddard
United States
Native speaker of: English
PRO pts in category: 42

Grading comment

This answer is among the best I have ever received. I love that Phil included an explanation and a link as well. Thanks as always, Phil!

Notes to answerer

Asker: Thanks to both of you. I think the word order was actually the biggest problem!

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