Übersetzung für "To distribute reserves " (Englisch → Französisch) :

(5) It should be open to Member States to permit public limited liability companies to grant financial assistance with a view to the acquisition of their shares by a third party up to the limit of the company's distributable reserves so as to increase flexibility with regard to changes in the ownership structure of the share capital of companies.

(5) Public limited liability companies should be able to grant financial assistance with a view to the acquisition of their shares by a third party up to the limit of the company’s distributable reserves so as to increase flexibility with regard to changes in the ownership structure of the share capital of companies.

(4) Public limited liability companies should be allowed to acquire their own shares up to the limit of the company's distributable reserves and the period for which such an acquisition may be authorised by the general meeting should be increased so as to enhance flexibility and reduce the administrative burden for companies which have to react promptly to market developments affecting their share price.

the introduction of the right for the company to acquire its own shares up to the limits of distributable reserves;

The main changes which the new Regulation makes to the block exemption now expiring are as follows: - a system vendor who makes improvements to the operating arrangements of the data distribution system must provide information on such improvements and offer them to all participating carriers, - an associated carrier cannot refuse to: . supply a competing computer reservation system with information which it provides to its own system regarding timetables, fares and availabilities; . accept and confirm reservations with the same due c ...[+++]are, - a system vendor must within its computer system separate its distribution functions (either by means of software or physically) from its internal inventory and management functions, - a system vendor must ensure that appropriate protection measures are taken to ensure that access to reservation information is possible only in the precise circumstances laid down in the Regulation, - the system vendor must ensure that its invoicing arrangements are sufficiently detailed to allow participating carriers to know precisely which services have been provided and at what fares.

limiting the need for an expert valuation of contributions in kind when a company establishes itself or increases capital relaxing current rules on the limitation or withdrawal of pre-emption rights, to make the procedure of issuing new shares less burdensome while maintaining shareholders’ protection from dilution of their shareholdings partially relaxing the prohibition on companies providing financial assistance for acquisition of their shares by third parties introducing “squeeze out”- and “sell out”-rights (i.e. the right of the majority shareholder, under certain conditions, to buy out minority shareholders at a fair price and the complementary right of minority shareholders to compel the majority shareholder to buy their shares) intr ...[+++]oducing a right for the company to acquire its own shares up to the limits of distributable reserves.