exchange of shares means an operation whereby a company acquires a holding in the capital of another company such that it obtains a majority of the voting rights in that company, or, holding such a majority, acquires a further holding, in exchange for the issue to the shareholders of the latter company, in exchange for their securities, of securities representing the capital of the former company, and, if applicable, a cash payment not exceeding 10 % of the nominal value, in the absence of a nominal value, of the accounting par value of the securities issued in exchange;
exchange of shares means an operation whereby a company acquires a holding in the capital of another company such that it obtains a majority of the voting rights in that company, in exchange for the issue to the shareholders of the latter company, in exchange for their shares, of shares representing the capital of the former company, and, if
exchange of shares means an arrangement whereby a limited company obtains a portion of the shares of another limited company such that the shares which it owns give more than half the number of votes produced by all the shares of the other company, or, if the limited company already has more than half the number of votes of this company’s shares, obtains more of this company’s shares and, as consideration, gives new shares which it has issued, or its own shares that it holds, to
More Definitions of exchange of shares
exchange of shares means an operation whereby acompany acquires aholding in the capital of another company suchitthat obtainsamajority of the voting rightsin that company in exchange for the issue to the shareholdersof the latter companye,xinchange for their securities, of securities representing the capital of the former company, and, if applicable, acash payment not edxicnege10%of the nominal value or, in the absenceof anominal value, of the accounting par value of the securities issued in exchange;