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Mar 17, 2021 10:09
3 yrs ago
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English term

common share purchase warrant indenture

English to French Law/Patents Law: Contract(s)
WHEREAS the Company and the Canadian Warrant Agent executed a Common Share Purchase Warrant Indenture (the “Indenture”) dated as of March 18, 2004, providing for the issuance of 4,285,716 Warrants (as defined in the Indenture), and a supplemental warrant indenture (the “First Supplement”) dated as of September 21, 2004, providing for the issuance of up to 23,485,359 Warrants under the Indenture;

Discussion

Germaine Mar 17, 2021:
Eric, Wow! Ça fait des années que je n'en ai vu une se faire traduire en français! Anyway, d'après mes dossiers, c'est simplement une "Convention de bons de souscription" (cas Computershare) ou une "Convention de bons de souscription d'actions ordinaires" ou encore une "Convention relative aux bons de souscription (d'actions ordinaires)" (bien que Termium traduise Indenture par "acte formaliste bilatéral").

Proposed translations

3 hrs

contrat de warrant qui porte sur l'achat d'actions ordinaires

https://en.wikipedia.org/wiki/Indenture

Définition d'un Warrant : il s'agit d'une option cotée en Bourse qui donne le droit (et non l'obligation) à son détenteur d'acheter (Warrant Call) ou de vendre (Warrant Put) un actif sous-jacent, à un prix fixé à l'avance (Prix d'Exercice) et à une date déterminée (la date d'échéance). Pour acquérir ce droit, l'investisseur s'acquitte du paiement d'une prime (le prix du Warrant), qui fait l'objet d'une cotation en Bourse.

https://www.fiscalistes.com/Bibliotheque/concepts/actions-or...

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Note added at 1 day 4 hrs (2021-03-18 14:23:42 GMT)
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Differences between a warrant and an option

A stock warrant differs from an option in two key ways: a company issues its own warrants, and the company issues new shares for the transaction. Additionally, a company may issue a stock warrant if they want to raise additional capital from a stock offering. If a company sells shares at $100 but a warrant is just $10, more investors will exercise the right of a warrant. These warrants are a source of future capital.

Stock options are listed on exchanges. When stock options are exchanged, the company itself does not make any money from those transactions. Stock warrants can last for up to 15 years, whereas stock options typically exist for a month to two to three years.

Therefore, for long-term investments, stock warrants may be a better investment than stock options because of their longer terms. However, stock options may be a better short-term investment.

Source: Investopedia
Peer comment(s):

disagree Germaine : Les "warrants" français (qui s'apparentent à des options) ne sont pas/se distinguent des "bons de souscription" nord-américains. // Et ça valide que vous traduisiez par un terme qui ne s'utilise pas au Canada? et qui n'a pas ce sens-là en France"?
1 hr
The above definition is 100% clear.
agree Adrian MM. : indenture: acte synallagmatique Moncton Uni. Can. legal 'Franglais' glossary ENG/FRE: acte bilatéral
2 days 22 hrs
Thanks!
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