German translation: Kraftloserklärung von Stammaktien
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.
English to German translations [PRO] Bus/Financial - Investment / Securities
English term or phrase:cancellation of common stock
- XYZGroup announces the immediate *cancellation* of 25 MILLION Common Shares thereby reducing the shares issued and outstanding by approximately 35%.
- The Company is pleased to announce that the Company’s controlling shareholder has agreed to *cancel* 25 million of the 30 million shares that the Shareholder currently owns. This will result in an approximate 35% reduction in the total shares outstanding. Following this *cancellation* the issued and outstanding shares of the Corporation will be approximately 46 million.