May 2, 2018 14:15
6 yrs ago
5 viewers *
Spanish term
United States
Commercial/Legal Language Specialist
Native in: English
Works in: Spanish to English, Portuguese to English
en concepto de picos
Spanish to English
Bus/Financial
Investment / Securities
From a leaflet on investment offer terms and conditions
Dada la ecuación de canje de la Contraprestación en Acciones, serán necesarias, al menos ocho acciones de [company name] para recibir una acción de [company name], y aquellos accionistas que acudan a la Oferta con un número de acciones que no resulte un número entero de acciones de [company name], recibirán un pago en efectivo en concepto de picos.
Dada la ecuación de canje de la Contraprestación en Acciones, serán necesarias, al menos ocho acciones de [company name] para recibir una acción de [company name], y aquellos accionistas que acudan a la Oferta con un número de acciones que no resulte un número entero de acciones de [company name], recibirán un pago en efectivo en concepto de picos.
Proposed translations
(English)
| 4 +2 | in respect of fractions |
Andy Watkinson
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| 5 | cash inlieu of fractional shares |
bigedsenior
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Proposed translations
+2
1 hr
Selected
in respect of fractions
When, as is the case here, a certain whole number of shares are to be swapped but there is not an exact match, the fractional shares are paid in cash.
This is the formula used when calculating a dividend payout and I don't see why it couldn't be used here,
This is the formula used when calculating a dividend payout and I don't see why it couldn't be used here,
4 KudoZ points awarded for this answer.
2 hrs
cash inlieu of fractional shares
https://getsatisfaction.com/.../topics/how-to-record-cash-in-lieu-of-fractional-shares
Nov 7, 2015 - Offhand I can't think of any way of handling a cash in lieu transaction as anything other than a sale of that fractional share. You typically receive fractional shares as the result of a stock split, a merger, a spinoff, or some similar corporate action, and commonly the fractional share isn't deposited into your ...
How to Report a Fractional Share Payment From a 20-to-1 Stock Split ...
https://finance.zacks.com › Investing › Investing for Beginners
Companies can improve their stock price through a reverse stock split. But the split rarely results in an even exchange, and companies don't want to have thousands of fractional shares on their books. Instead, each shareholder receives a cash payment in lieu of the fractional share value.
Nov 7, 2015 - Offhand I can't think of any way of handling a cash in lieu transaction as anything other than a sale of that fractional share. You typically receive fractional shares as the result of a stock split, a merger, a spinoff, or some similar corporate action, and commonly the fractional share isn't deposited into your ...
How to Report a Fractional Share Payment From a 20-to-1 Stock Split ...
https://finance.zacks.com › Investing › Investing for Beginners
Companies can improve their stock price through a reverse stock split. But the split rarely results in an even exchange, and companies don't want to have thousands of fractional shares on their books. Instead, each shareholder receives a cash payment in lieu of the fractional share value.
Peer comment(s):
| neutral |
philgoddard
: I don't see how this is different to Andy's answer.
51 mins
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the meaning may be the same, but the wording is different. It is the wording used in most of the broker statements I have seen used in the last 20 years of preparing taxes, the wording that is used in the refs provided.
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