not subscribed for by the investors

20:52 Feb 28, 2010

English to Spanish translations [PRO]
Bus/Financial - Finance (general) / Underwriting agreement

English term or phrase: not subscribed for by the investors

Context:
Se trata de nuevo de la misma cláusula informativa sobre un acuerdo de colocación. Encontraréis una frase marcada por **, que me parece confusa.

XXX, a joint stock company incorporated under the laws of the Republic of Poland (the “Company”), proposes to issue to the subscribers procured by the Managers (which will include any manager substituted as provided in Section 11) or, failing which, to the Underwriters, acting severally, an aggregate of XXX shares, each with a nominal value of XX PLN (the “Offer Shares”). The Underwriters’ obligation to subscribe for the Offer Shares is limited to Offer Shares allocated to institutional investors and *not subscribed for by the investors.*

In this context, what does this sentence (*not subscribed for by the investors.*) mean?

Lo que yo entiendo es que la responsabilidad que tienen los colocadores de suscribir los títulos ofrecidos es limitada, es decir, que los colocadores sólo responden ante los títulos (o acciones) distribuidos a los inversores institucionales), no ante los títulos suscritos por los inversores. ¿Es eso correcto?

Un saludo y muchas gracias/Thank you very much.

Leire Payo Peña KudoZ activity Questions: 54 (2 open) Answers: 0
Local time: 08:29

Summary of answers provided

4 +1

no suscritas por los inversionistas

Leonardo Lamarche

4 +1

no suscritas por los inversores

Tatiana Voloshchuk

y (acciones) las no suscritas por inversionistas.

Xenia Wong

Answers

17 mins confidence:

y (acciones) las no suscritas por inversionistas.

Explanation:
Según contexto.

Xenia Wong
Local time: 01:29
Specializes in field
Native speaker of:

Spanish,

English
PRO pts in category: 842

20 mins confidence:

peer agreement (net): +1

no suscritas por los inversionistas

Explanation:
...está limitado para las Acciones Ofertadas asignadas a imversionistas institucionales y no suscritas por los inversionistas.
("..y que no sean suscritas" podría cambiarse por "pero que no hayan sido suscritas por los inversionistas")
Creo que es el significado.

Leonardo Lamarche
Venezuela
Local time: 02:29
Specializes in field
Native speaker of: Spanish
PRO pts in category: 165

18 mins confidence:

peer agreement (net): +1

no suscritas por los inversores

Explanation:
...

--------------------------------------------------
Note added at 21 mins (2010-02-28 21:13:58 GMT)
--------------------------------------------------

Sí, según el contexto, aquí se trata de acciones.

Tatiana Voloshchuk
Spain
Specializes in field
Native speaker of:

Russian,

Ukrainian
PRO pts in category: 11

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