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18:16 Jun 19, 2018 |
Spanish to English translations [PRO] Bus/Financial - Law: Contract(s) / Shares and shareholders | |||||||
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| Selected response from: Robert Carter Mexico Local time: 07:49 | ||||||
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4 +2 | subscribe [or take up] a share |
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subscribe [or take up] a share Explanation: Subscribed refers to newly issued securities that an investor has agreed or stated his or her intent to buy prior to the issue date. When investors subscribe, they expect to own the designated number of shares once the offering is complete. https://www.investopedia.com/terms/s/subscribed.asp#ixzz5Ith... The institutional shareholder which had given irrevocable commitments to take up 727,000 Mackie International shares under the rights issue has now done so. On Thursday, the company had announced that the block of shares had not been taken up because of an "administrative oversight". https://www.investopedia.com/terms/s/subscribed.asp -------------------------------------------------- Note added at 16 mins (2018-06-19 18:32:54 GMT) -------------------------------------------------- Sorry, the link to the last reference is wrong, it should be: https://www.irishtimes.com/business/mackie-shares-taken-up-1... |
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