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22:00 Jul 17, 2019 |
Portuguese to English translations [PRO] Bus/Financial - Accounting / Stock option agreement | |||||||
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| Selected response from: Mark Robertson Local time: 13:11 | ||||||
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Summary of answers provided | ||||
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4 +1 | receipt of amounts as capital reduction |
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4 | receipt of payments in connection with reductions of share capital |
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receipt of amounts as capital reduction Explanation: http://www.businessdictionary.com/definition/capital-reducti... Reducing the amount of issued share capital to reflect (1) permanent reduction in a firm's scale of operations, or (2) revenue losses that cannot be recovered from the firm's earnings, resulting in permanent loss of capital. |
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receipt of payments in connection with reductions of share capital Explanation: One of the ways in which a company's share capital can be reduced is by repaying share capital to some shareholders, followed by the cancellation of those shares. The source text provides that share options are not to be treated as shares until actually converted into shares and accordingly, that holders of share options are not entitled, inter alia, to receive such repayments of share capital. |
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