Jun 6, 2023 12:45
1 yr ago
37 viewers *
English term
Spain
LEGAL-FINANCIAL SWORN TRANSLATIONS
Native in: English 
, Spanish
Works in: English to Spanish, Spanish to English
stocks and shares
English to Spanish
Bus/Financial
Investment / Securities
Stock options: shares and stocks
I am translating a Stock Option Agreement from English into Spanish, and they keep on repeating stocks, and shares all over the place, making a clear distinction between them... so I have thought of translating this as "Stocks: Acciones and Shares: Participaciones"... what do you think? Or should I just leave it all as "Acciones"?
Here is an example of the text:
ADJUSTMENT OF SHARES.
In the event of a subdivision of the outstanding Stock, a declaration of a dividend payable in Shares, a declaration of an extraordinary dividend payable in a form other than Shares in an amount that has a material effect on the Fair Market Value of the Stock, a combination or consolidation of the outstanding Stock into a lesser number of Shares, a recapitalization, a spin-off, a reclassification, or a similar occurrence, the Board shall make appropriate adjustments to the following:
(i) the number of Shares available
for future awards under Section 5; (ii) the number of Shares covered by each outstanding Option; (iii) the Exercise Price under each outstanding Option; and (iv) the price of Shares subject to the Company’s right of repurchase.
Share of Stock.
Thanks in advance!
Here is an example of the text:
ADJUSTMENT OF SHARES.
In the event of a subdivision of the outstanding Stock, a declaration of a dividend payable in Shares, a declaration of an extraordinary dividend payable in a form other than Shares in an amount that has a material effect on the Fair Market Value of the Stock, a combination or consolidation of the outstanding Stock into a lesser number of Shares, a recapitalization, a spin-off, a reclassification, or a similar occurrence, the Board shall make appropriate adjustments to the following:
(i) the number of Shares available
for future awards under Section 5; (ii) the number of Shares covered by each outstanding Option; (iii) the Exercise Price under each outstanding Option; and (iv) the price of Shares subject to the Company’s right of repurchase.
Share of Stock.
Thanks in advance!
Proposed translations
(Spanish)
| 4 +1 | participación / acciones |
Emiliano Pantoja
|
| 4 | capital social / acciones |
Javier Tomás
|
References
| This might help... |
Ana Vozone
|
Proposed translations
+1
11 hrs
Emiliano Pantoja
Spain
Spain
Native in Spanish
Spain
Lawyer and Translator
Native in: Spanish 
Works in: French to Spanish, English to Spanish, Italian to Spanish, and 4 more.
Related KudoZ points
:
4
participación / acciones
stock: porcentaje de participación (en el accionariado)
share: acción
share: acción
1 day 20 hrs
Javier Tomás
Spain
Spain
Native in Spanish
Specializes in field
Spain
A zeal for terminological accuracy
Native in: Spanish (Variant: Standard-Spain)
Works in: English to Spanish, German to Spanish, French to Spanish
capital social / acciones
In this context, stock and shares refer to one and the same thing from different perspectives - the company's share capital.
(a) "the Fair Market Value of the Stock" --> the company's capital as seen from the external perspective of the market, or how much is an investor willing to pay for (a part of) the company
(b) "a dividend payable in Shares" --> the company's capital as seen from the internal perspective of existing shareholders, who may be paid in cash or with additional shares
Please do not use 'participaciones' in this context, since the distinction between acciones and participaciones does not exist in English as such:
Acciones: Shares in a large company, whether listed or not (Sociedad Anónima)
Participaciones: Shares in a small-to-medium-sized company (Sociedad Limitada)
(Note that both translate as "shares" in English)
In my opinion, you can easily maintain the (subtle) distinction between stock and shares by using 'capital' (or capital social) and 'acciones'.
Below are links to reports issued by BBVA and Banco Santander using 'capital social' and 'acciones' in a way that would nicely translate as 'stock' and 'shares', respectively.
Good luck!
(a) "the Fair Market Value of the Stock" --> the company's capital as seen from the external perspective of the market, or how much is an investor willing to pay for (a part of) the company
(b) "a dividend payable in Shares" --> the company's capital as seen from the internal perspective of existing shareholders, who may be paid in cash or with additional shares
Please do not use 'participaciones' in this context, since the distinction between acciones and participaciones does not exist in English as such:
Acciones: Shares in a large company, whether listed or not (Sociedad Anónima)
Participaciones: Shares in a small-to-medium-sized company (Sociedad Limitada)
(Note that both translate as "shares" in English)
In my opinion, you can easily maintain the (subtle) distinction between stock and shares by using 'capital' (or capital social) and 'acciones'.
Below are links to reports issued by BBVA and Banco Santander using 'capital social' and 'acciones' in a way that would nicely translate as 'stock' and 'shares', respectively.
Good luck!
Example sentence:
a combination or consolidation of the outstanding Stock into a lesser number of Shares
una combinación o consolidación del capital social en circulación en un menor número de acciones
Reference:
https://wcm.bancosantander.es/wce/Anuncios/2023-cabdal-inversiones-anuncio-28-02-2023.pdf
Reference comments
10 mins
Ana Vozone
Works in field
Will do!
Native in: Portuguese (Variant: European/Portugal)
Works in: English to Portuguese, French to Portuguese, German to Portuguese, and 1 more.
Related KudoZ points
:
4
Reference:
This might help...
The differences between stocks and shares are subtle, but important to understand when you are investing. A stock is the actual asset in which you invest, while a share is the unit of measurement for that asset. So, a stock tells you what you are investing in, and a share tells you how much of that stock you own.
https://www.google.com/search?q=difference between stock and...
https://www.google.com/search?q=difference between stock and...
Discussion
Pero cuidado con "participaciones". Es una palabra que se usa en España para las empresas S.L. Las S.A. tienen acciones. En inglés no se distingue entre las dos.
it's pretty stupidly written.
En español, tú solo tienes que dejar claro el significado,
no te preocupes por escribirlo de forma tan obtusa.
One Share = una acción
Outstanding Stock = acciones en circulación (es decir públicas / en el mercado / no en posesión de la empresa en si)
Stock held = porcentaje de participación / número de acciones
dividend payable in shares = en vez de dinero, harán una pro-rata y te darán el equivalente en [nuevas] acciones, valoradas según su valor actual en el mercado [bursátil]
consolidation of shares = reverse split = reducción del número de acciones en circulación (sigues en posesión del mismo valor, pero con menor número de acciones)
number of shares available = outstanding stock
price of shares = precio de una acción
share of stock = porcentaje de participación / número de acciones propias
Bajo el acápite ADJUSTMENT OF SHARES, se maneja la distinción que a aludes, pero, a mi criterio, se trata más de un matiz que de una distinción tajante. Aparte hay que tomar en cuenta lo siguiente: “The distinction between stocks and shares in the financial markets is blurry. Generally, in American English, both words are used interchangeably to refer to financial equities, specifically, securities that denote ownership in a public company.” [https://www.investopedia.com/ask/answers/difference-between-...]
Mi sugerencia sería:
En caso de división (se trata de un stock split) de las acciones en circulación, pago de dividendos en acciones o declaración de un dividendo extraordinario no pagadero en acciones por un monto que tenga efecto importante en el valor justo de mercado de la acción.