tomar una accion

English translation: subscribe [or take up] a share

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:tomar una accion
English translation:subscribe [or take up] a share
Entered by: Eileen Brophy
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18:16 Jun 19, 2018
Spanish to English translations [PRO]
Bus/Financial - Law: Contract(s) / Shares and shareholders
Spanish term or phrase: tomar una accion
Does "tomar una accion" refer to the purchase of a share or is there another way of acquiring shares apart from
buying them? This is the context......"En el momento de tomar una accion debe desembolsarse el valor nominal de la misma".

Thank you for any help
Eileen Brophy
Spain
Local time: 07:41
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

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Note added at 16 mins (2018-06-19 18:32:54 GMT)
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Sorry, the link to the last reference is wrong, it should be:
https://www.irishtimes.com/business/mackie-shares-taken-up-1...
Selected response from:

Robert Carter
Mexico
Local time: 00:41
Grading comment
Thank you for your help Robert
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +2subscribe [or take up] a share
Robert Carter


  

Answers


14 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
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...

Robert Carter
Mexico
Local time: 00:41
Meets criteria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 374
Grading comment
Thank you for your help Robert
Notes to answerer
Asker: Thank you very much for your help Robert, take as a word alone did not sound right to me.


Peer comments on this answer (and responses from the answerer)
agree  AllegroTrans
51 mins
  -> Thanks, Chris.

agree  Andy Watkinson
6 hrs
  -> Cheers, Andy.
Login to enter a peer comment (or grade)



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