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droit de souscription préférentielle

English translation: preferential subscription right

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
French term or phrase:droit de souscription préférentielle
English translation:preferential subscription right
Entered by: Stella Woods
Options:
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22:11 May 17, 2001
French to English translations [PRO]
Bus/Financial
French term or phrase: droit de souscription préférentielle
from stock market - sorry no other context
Stella Woods
Local time: 03:10
preferential subscription right
Explanation:
Subscription right: privilege granted to existing shareholders of a corporation to subscribe to shares of a new issue of common stock before it is offered to the public.
(Dictionary of Finance and Investment Terms, Barron's, 1995)

Here's an example:
"Increase the share capital of Banco Bilbao Vizcaya Argentaria, S.A., in the amount of 104,000,000 euros, by the issue of new ordinary shares, with exclusion of the preferential subscription right, following for the determination of the price the procedure which is applied to public offers for subscription of shares"
(http://www.bbv.es/BBV/ingles/relinv/rel_junta_ing.htm)

GOOD LUCK!
Selected response from:

David Meléndez Tormen
Spain
Local time: 17:10
Grading comment
thank you - I tried an internet search for subscription right but couldn't find it!
4 KudoZ points were awarded for this answer

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Summary of answers provided
napreferential subscription right
David Meléndez Tormen


  

Answers


38 mins
preferential subscription right


Explanation:
Subscription right: privilege granted to existing shareholders of a corporation to subscribe to shares of a new issue of common stock before it is offered to the public.
(Dictionary of Finance and Investment Terms, Barron's, 1995)

Here's an example:
"Increase the share capital of Banco Bilbao Vizcaya Argentaria, S.A., in the amount of 104,000,000 euros, by the issue of new ordinary shares, with exclusion of the preferential subscription right, following for the determination of the price the procedure which is applied to public offers for subscription of shares"
(http://www.bbv.es/BBV/ingles/relinv/rel_junta_ing.htm)

GOOD LUCK!

David Meléndez Tormen
Spain
Local time: 17:10
Native speaker of: Native in SpanishSpanish
PRO pts in pair: 24
Grading comment
thank you - I tried an internet search for subscription right but couldn't find it!
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