Einlage der Dividendenansprüche

English translation: contributing their dividend rights

13:21 Mar 2, 2020
German to English translations [PRO]
Bus/Financial - Accounting
German term or phrase: Einlage der Dividendenansprüche
...wurde der Vorstand ermächtigt, das Grundkapital der Gesellschaft zu erhöhen, um Aktiendividenden durchzuführen, in deren Rahmen Aktien der Gesellschaft gegen Einlage der Dividendenansprüche der Aktionäre aus dem genehmigten Kapital ausgegeben werden.

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So the management board has been authorised to pay out stock dividends whereby shares in the company are paid to shareholders from the authorised capital in exchange for...?

Thanks!
scottmw90
Local time: 04:45
English translation:contributing their dividend rights
Explanation:
is what is says. But it's a rather odd formulation at best.

Companies can normally pay out dividends in cash or stock so I don't know why shareholders would have to surrender their entitlement to (presumably cash) dividends. All I can think of is that these capital increases would be made using funds that would otherwise be paid out in cash.
Selected response from:

Ted Wozniak
United States
Local time: 23:45
Grading comment
Very helpful as always, thanks Ted!
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1contributing their dividend rights
Ted Wozniak
4deposit of equities
Vittorio Ferretti
3 +1surrender of dividend rights /claims
Chris Pr
4in return for the dividend entitlements being capitalis/zed.....out of the authoris/zed capital
Adrian MM.


  

Answers


7 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
deposit of equities


Explanation:
...

Vittorio Ferretti
Local time: 05:45
Works in field
Native speaker of: Native in GermanGerman
PRO pts in category: 16
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10 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
surrender of dividend rights /claims


Explanation:
As a logical deduction....

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Note added at 20 mins (2020-03-02 13:41:38 GMT)
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...waiver might also be an option...

"...the new shares issued in exchange for the surrender of dividend rights will be released..,"

https://www.montea.com/news/enactment-of-the-implementation-...

Chris Pr
United Kingdom
Local time: 04:45
Native speaker of: Native in EnglishEnglish

Peer comments on this answer (and responses from the answerer)
agree  philgoddard
15 mins
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24 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
contributing their dividend rights


Explanation:
is what is says. But it's a rather odd formulation at best.

Companies can normally pay out dividends in cash or stock so I don't know why shareholders would have to surrender their entitlement to (presumably cash) dividends. All I can think of is that these capital increases would be made using funds that would otherwise be paid out in cash.

Ted Wozniak
United States
Local time: 23:45
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 762
Grading comment
Very helpful as always, thanks Ted!

Peer comments on this answer (and responses from the answerer)
agree  Sebastian Witte: Either this or "surrendering"
1 day 16 hrs
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10 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
gegen Einlage der Dividendenansprüche ....aus dem genehmigten Kapital
in return for the dividend entitlements being capitalis/zed.....out of the authoris/zed capital


Explanation:
The German-speaking source-country needs to be known, as the meaning can change from North Germany to Austria (Einlage = registration).

Otherwise, there are two ways of reading and parsing the phrase: Aktien der Gesellschaft....aus dem genehmigten Kapital ausgegeben> company shares are issued out of the authorized capital or Einlage der Dividendenansprüche der Aktionäre .....aus dem genehmigten Kapital > in consideration of the shareholders' dividend entitlements being capitalised (taken out) of such - which must make more sense.






Example sentence(s):
  • Capitalization issue or scrip issue the issue by a JOINT-STOCK COMPANY of additional SHARES to existing SHAREHOLDERS without any further payment being required.

    Reference: http://www.proz.com/personal-glossaries/entry/882646-einlage...
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 25
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