Mar 14, 2018 13:19
6 yrs ago
15 viewers *
Spanish term

Acciones propias

Spanish to English Bus/Financial Accounting Cuentas anuales
Medio ambiente
La compañía está muy sensibilizada en todos los aspectos de su negocio que supongan interacción de esta con el medio ambiente, contando con equipos dedicados y planes de mejora continua en esta área.
Se ha renovado la bonificación de la Autoridad Portuaria en referencia a las mejores prácticas medioambientales.
Acciones propias
******La Sociedad no ha realizado ningún tipo de operación en materia de acciones propias.****
Hechos posteriores

I would appreciate help with acciones propias in the context of the sentence marked ***** TIA for your suggestions. UK English

Discussion

Robert Carter Mar 16, 2018:
Treasury stock vs. Outstanding stock There is a big difference between outstanding stock and treasury stock, so we would need to know which type of transaction is being referred to here. I have the sense here that this means the company has not traded with its own stock.

Shares outstanding are all the shares of a corporation or financial asset that have been authorized, issued and purchased by investors and are held by them. They have rights and represent ownership in the corporation by the person who holds the shares. They are distinguished from treasury shares, which are shares held by the corporation itself and have no exercisable rights. Shares outstanding plus treasury shares together amount to the number of issued shares.
https://en.wikipedia.org/wiki/Shares_outstanding

Proposed translations

+3
2 hrs
Selected

treasury stock

This is the technical accounting term.
https://www.investopedia.com/terms/t/treasurystock.asp
Peer comment(s):

agree patinba
1 min
thank you
agree Andy Watkinson
43 mins
thank you
agree Richard Cadena
8 hrs
thank you
neutral Robert Carter : I don't think this is right, treasury stock is not outstanding, whereas issuer stock is. For this, Becerra has "acciones de tesorería: stock that has been authorized but has not been issued and is not outstanding".
1 day 9 hrs
When the company repurchases outstanding stock, it becomes Treasury Stock
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4 KudoZ points awarded for this answer. Comment: "Selected automatically based on peer agreement."
+3
11 mins

own shares/shareholders' equity

My take
Peer comment(s):

agree neilmac
6 mins
Thanks!
neutral Robert Carter : "Own shares" might be an option, but this is definitely not "shareholders' equity".
1 hr
Thanks!
agree philgoddard : Its own shares. The next two answers are OK too, but you were first.
3 hrs
Thanks!
agree Andras Matyas Szentkereszty de Zagon : own shares
9 hrs
Thanks!
Something went wrong...
1 hr

Issuer stock

Javier F. Becerra's dictionary (usually a very good source, but often specific to Mexico) has the following entry:

"acciones propias - issuer stock; in securities law, outstanding shares of stock of a public company that may be bought and sold on the securities market by the issuer of such shares"

I couldn't find a definition for "issuer stock" in English, but the reference below seems to support this idea:

Issuer Stock Repurchases (Rule 10b-18 Safe Harbor) Checklist

Summary
There are several ways in which a company may repurchase its own shares, including private transactions (such as a tender offer to existing shareholders) and open-market transactions. Where a company chooses to repurchase its own shares on the open market, it must be aware of rules promulgated by the Securities Exchange Commission (SEC) to ensure that a company is not using share repurchasing to manipulate the market for its own securities. To that end, the SEC has set forth Rule 10b-18 (17 CFR § 240.10b-18) under the Securities Exchange Act of 1934, as amended, to provide a voluntary “safe harbor” in which companies may repurchase their own shares on the open market without raising suspicions of market manipulation. For more information regarding share repurchases and the Rule 10b-18 safe harbor, see Understanding Share Repurchase Programs.

http://bit.ly/2GsopsZ



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Note added at 1 hr (2018-03-14 15:01:43 GMT)
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Your translation might go something like this:

"Issuer stock
The Company has made no transactions with its own shares."
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