premier ... de premier rang

English translation: first-ranking (shareholders)

11:10 Mar 21, 2019
French to English translations [PRO]
Bus/Financial - Finance (general) / Articles of Association
French term or phrase: premier ... de premier rang
This is found in the articles of association of a company, in the share transfers section. The shareholders are split into various categories:

the majority shareholder,
the minority shareholders,
the "Associé(s) Minoritaire(s) de Premier Rang" holding, alone or in concert, 15% or more of the share capital, and then
the "Premier(s) Associé(s) Minoritaire(s) de Premier Rang", meaning the "Associé(s) Minoritaire(s) de Premier Rang" détenant le plus
important pourcentage de participation


I'm looking for a translation of premier and premier rang that makes sense here!

Thanks
Jane RM
France
Local time: 15:57
English translation:first-ranking (shareholders)
Explanation:
Lightwork Business - Basics of Business™ - What are the different ...
https://lightworkbusiness.com/.../what-are-the-different-typ...

For example some shares may rank first for capital distribution with others only paid if sufficient assets are left after the first ranking shareholders have received ...
Selected response from:

AllegroTrans
United Kingdom
Local time: 14:57
Grading comment
thanks
3 KudoZ points were awarded for this answer



Summary of answers provided
4first-ranking (shareholders)
AllegroTrans
3(Pre-)Preferential, Pre-Emption Class A Minority Members (Shareholders)
Adrian MM.


Discussion entries: 2





  

Answers


1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5
Premier(s) Associé(s) Minoritaire(s) de Premier Rang
(Pre-)Preferential, Pre-Emption Class A Minority Members (Shareholders)


Explanation:
Clss A vs. B shares in Anglo-Am. law has a slightly different meaning for a pre-emptibe scenario, as this might well be, but arguably put across the message.

Preference shareholders would give a (misleading) impression of the issue of preference (AmE: preferred) stock.

'La clause de préemption vient consacrer un droit simple : celui d’accorder une préférence, un droit de priorité pour l’achat des actions ou parts sociales (les titres) d’un associé qui souhaite sortir de la startup, au détriment d’un tiers acquéreur. ...On parle d’actionnaire de premier rang ou de rang A-'

Example sentence(s):
  • The difference between Class A shares and Class B shares of a company’s stock usually comes down to the number of voting rights assigned to the shareholder. Class A shareholders generally have more clout.

    Reference: http://eng.proz.com/kudoz/french-to-english/insurance/416652...
    Reference: http://www.altoavocats.com/2015/11/17/le-droit-de-preemption...
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 81

Peer comments on this answer (and responses from the answerer)
neutral  AllegroTrans: much too convoluted
11 hrs
  -> The context is one of pre-emption.

disagree  Daryo: the question was badly formulated, but this has no connection with this ST which is about ranking of minority shareholders, not a hint about any preferential shareholders.
23 hrs
  -> Again, company charges (mortgages) not shareholders rank in priority and you have mixed up preferential (pre-emptive) with (UK) preference (US: preferred) share-holders.

agree  Julie Barber: Researching the terms leads to preemption rights. Para 2 http://www.le-droit-des-affaires.com/droit-de-preemption-de-... Need more context + understanding of the primary/secondary level of rights or is that the A/B part?
4 days
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1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5
first-ranking (shareholders)


Explanation:
Lightwork Business - Basics of Business™ - What are the different ...
https://lightworkbusiness.com/.../what-are-the-different-typ...

For example some shares may rank first for capital distribution with others only paid if sufficient assets are left after the first ranking shareholders have received ...

AllegroTrans
United Kingdom
Local time: 14:57
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 267
Grading comment
thanks

Peer comments on this answer (and responses from the answerer)
agree  philgoddard
2 hrs
  -> thanks

disagree  Daryo: there is no point answering a badly formulated question + this would work ONLY for "de premier rang" but not for "premier ..." // these are "the first amongst the last" the biggest minority shareholders Whole term needs being translated.
23 hrs
  -> I only intended my answer to be for the second term, which is undoubtedly correct

neutral  Adrian MM.: This is possibly a pre-emption scenario. Company etc. charges (mortgages) - and not shareholders - rank in priority.
4 days
  -> I simply translated "de premier rang"; how can this meaning anything other than "first-ranking"?
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