Traduction de «succession distributed in equal shares » (Anglais → Français) :

Recalls that investment in renewable energy sources represents more than half of all investments in new generation capacity over the last ten years and will continue to grow; emphasises that according a large share of the energy mix to RES entails major challenges for existing network infrastructure, and that investment is necessary to overcome these challenges; notes that, in certain Member States in which the increased feed-in from RES was not accompanied by the development of energy infrastructure, supply security is challenged by such increased feed-in; emphasises that according to ENTSO-E a significant proportion of all the bottl ...[+++]enecks in European energy grids relate to feed-in from RES; emphasises the importance of implementing new approaches to overcome bottlenecks in the distribution grids, which do not always entail grid extension and reinforcement; is confident that the benefits of upgrading the European grid, which is equally due to the single electricity market, can offset its costs by offering a much more efficient operation of the EU’s power system; calls on the Transmission System Operators to update their grid development policies in order to cope with the integration of RES generation capacities while maintaining security of supply, and to enhance cooperation with distribution system operators;

Article 36 shall apply except in the case of fully paid-up shares which are made available to the company free of charge or are withdrawn using sums available for distribution in accordance with Article 17(1) to (4); in those cases, an amount equal to the nominal value or, in the absence thereof, to the accountable par of all the withdrawn shares must be included in a reserve; except in the event of a reduction in the subscribed capital that reserve may not be distributed ...[+++] to shareholders; it can be used only for offsetting losses incurred or for increasing the subscribed capital by the capitalisation of such reserve, in so far as Member States permit such an operation; and

2. Article 36 shall apply unless the shares are fully paid up and are acquired free of charge or using sums available for distribution in accordance with Article 17(1) to (4); in those cases an amount equal to the nominal value or, in the absence thereof, to the accountable par of all the shares withdrawn must be included in a reserve.

that certain companies, as determined by Member States, may be required to cancel the acquired shares provided that an amount equal to the nominal value of the shares cancelled must be included in a reserve which cannot be distributed to the shareholders, except in the event of a reduction in the subscribed capital; that reserve may be used only for the purposes of increasing the subscribed capital by the capitalisation of reserves; and

Article 36 shall apply except in the case of fully paid-up shares which are made available to the company free of charge or are withdrawn using sums available for distribution in accordance with Article 17(1) to (4); in those cases, an amount equal to the nominal value or, in the absence thereof, to the accountable par of all the withdrawn shares must be included in a reserve; except in the event of a reduction in the subscribed capital that reserve may not be distributed ...[+++] to shareholders; it can be used only for offsetting losses incurred or for increasing the subscribed capital by the capitalisation of such reserve, in so far as Member States permit such an operation; and