Einzelverbriefung der Aktien
English translation: issue of individual share certificates
| GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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| 04:37 May 21, 2002 |
| German to English translations [PRO] Bus/Financial - Investment / Securities | |||||||
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|  Selected response from: Ralf Lemster Germany Local time: 11:05 | ||||||
Grading comment
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| Summary of answers provided | ||||
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| 5 +4 | issue of individual share certificates |
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| 4 | Claims to physical delivery of share certificates are excluded |
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Answers
8 mins confidence: 
peer agreement (net): +4
peer agreement (net): +4issue of individual share certificates Explanation: "Shareholders' rights regarding the issue of individual share certificates will be excluded." The fact that the company will issue registered shares with limited transferability (just in case you were looking for it...<g>) doesn't make a difference here - the reason why companies exclude the issue of individual certificates is operational cost: it's much more efficient to issue and deposit a global certificate with a securities depository. Title to individual holdings is vested by way of partial ownership of the global certificate; transfers work in the same way. |
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