Not for points English to Spanish Bus/Financial Business/Commerce (general) Articles of Association

Hi there,

I am translating some articles of association, and it talks about the types of shares, their rights, limitations, etc. I have come across two terms I am a bit confused as to how to translate them. It appears that they are opposites, according to this:

Right to Redemption by the Corporation – Redeemable shares are shares that can be repurchased by the Corporation from the shareholder who owns the shares. Usually redeemable share attributes will specify the amount per share which the shareholder will be paid when the shares are redeemed and the method pursuant to which the corporation may request the shares be redeemed. The corporation has the right to take these shares back regardless of whether the shareholder wishes to have its shares redeemed. Common shares are not redeemable. Once those shares are redeemed by the corporation, that shareholder no longer has any rights to those shares.

Right to Retraction by Shareholder – In a case where a shareholder holds special or preference shares, if the shares have the right to be retracted, the shareholder will have the right to request the corporation to redeem (or buy back) his or her shares and to pay that shareholder the amount each share is worth as outlined in the Articles. The corporation cannot refuse to buy back the shares if it is requested to do so. Common shares are never retractable.

I initially thought that Retraction could be retracto and them maybe rescate, until I came across Redemption.

Thank you