Glossary entry

Spanish term or phrase:

acción no endosable de v/n

English translation:

non-endorsable shares with a nominal value of ......

Added to glossary by Jaime Hyland
Jul 14, 2011 12:02
12 yrs ago
13 viewers *
Spanish term

acción no endosable de v/n

Spanish to English Bus/Financial Accounting
"150.000 acciones ordinarias, nominativas no endosables de v/n equivalente a $5,00.- c/u con derecho a un voto por acción."

The text appears under the heading "Composición del Capital, Suscripto e integrado"

My problem here is two-fold: Firstly, I'm guessing "de v/n" might refer to the method of voting at GM's (by roll call, rather than be secret ballot, I assume). Am I right, and if so, what exactly does "v/n" stand for?

Secondly, does "no endosable" qualify "de v/n". In other words, does "no endosable" refer to whether the voting rights for a share are transferrable via a proxy, or to whether and how the share can be bought and sold on the market?

Thanks very much in advance.

The text is Argentinian.

Proposed translations

13 mins
Selected

non-endorsable shares with a nominal value of ......

.

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Note added at 13 mins (2011-07-14 12:16:38 GMT)
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or with a nominal value equivalent to .....

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Note added at 14 mins (2011-07-14 12:17:42 GMT)
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Nominal value is best for Europe, par value is more common in US.

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Note added at 16 mins (2011-07-14 12:19:40 GMT)
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578676460 non endorsable registered common shares face value Ps. 1 each, and with one vote each. The principal shareholder of the Company is Cresud ...

and as you can see, face value is also used but I would stick with nominal for UK and par for US.

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Note added at 19 mins (2011-07-14 12:22:16 GMT)
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On October 4, 2006, the Company acquired 26083596 common, registered, non- endorsable shares, Class B, nominal value Ps. 1 each, 1 vote per share of Palermo ...

Download ENG - Socotherm - [ Traducir esta página ]
www.socotherm.com/.../EECC_Socotherm_Americas_al_31_03_08_E...
31 Mar 2008 – Common, non-endorsable shares, nominal value $ 1 each of five votes each,. 66500000. 70000000. 18500000. Common, class B, registered, ...

2 Dec 2010 – has a non-transferable, redeemable, share of nominal value (e.g. $1) on which dividends cannot be paid. Consequently earnings (profit ...

[PDF] HCL ARGENTINA S.A. Financial Statements as of June 30, 2010 - [ Traducir esta página ]
www.hcltech.com/.../52_ HCL Argentina financial(English) .....
Formato de archivo: PDF/Adobe Acrobat - Vista rápida
30 Jun 2010 – Type, nominal value and No. of votes Subscribed Paid-in Registered. $. $. $. 354525 Non-endorsable, registered common shares with a nominal ...
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4 KudoZ points awarded for this answer. Comment: "Much obliged FVS"
+1
11 mins

par value

Probably "valor nominal" - par value
Peer comment(s):

agree philgoddard : Or nominal, as Friedrich points out.
6 hrs
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Reference comments

11 mins
Reference:

Ref. - explanation

v/n = valor nominal = nominal value (face value)
c/u = cada uno = each (one)


http://www.proz.com/kudoz/spanish_to_english/law_patents/126...

[PDF] seccion 3 modelo - Boletín Oficial de la Provincia de Córdoba -
www.boletinoficialcba.gov.ar/archivos11/070411_sociedades.p... Format: PDF/Adobe Acrobat - Quick View
7 Abr 2011 – nominativas, no endosables, de valor nominal ..... por 2.000 acciones ordinarias nominativas, no endosables, clase “A” de $ 10 v/n, c/u, con ...
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