Traduction de «Détenteur précédant des mêmes droits » (Français → Anglais) :

predecessor in interest

predecessor in interest

(a) security holders whose last address as shown on the books of the offeree issuer is in Canada hold less than 10 per cent of the outstanding securities of the class subject to the bid at the commencement of the bid; (b) the offeror reasonably believes that security holders in Canada beneficially own less than 10 per cent of the outstanding securities of the class subject to the bid at the commencement of the bid; (c) the published market on which the greatest dollar volume of trading in securities of that class occurred during the twelve months immediately preceding the commencement of the bid was not in Canada; (d) security holders ...[+++] in Canada are entitled to participate in the bid on terms at least as favourable as the terms that apply to the general body of security holders of the same class.

As an exception to this general principle, the principles and procedures concerning employee participation laid down in the European company (SE) Regulation and Directive should apply if at least one of the merging companies has an average number of employees in the six months before the publication of the draft terms of the cross-border merger that exceeds 500 and is operating under an employee participation system, or where the national law applicable to the company resulting from the cross-border merger does not provide for at leas ...[+++]t the same level of participation as operated in the relevant merging companies, measured by reference to the proportion of members of the administrative or of the supervisory organ or their committees or of the management group, which covers the profit units of the company, subject to employee representation, or provide for employees of establishments of the company resulting from the cross-border merger and situated in other Member States the same entitlement to exercise participation rights as is enjoyed by those employees employed in the Member State where the registered office of the company resulting from the cross-border merger is situated.

Each Member State must accord to holders of the relevant qualifications from elsewhere in the EU the same rights as those bestowed by its own equivalent national qualifications.

(d)the identity of the shareholder, even if that shareholder is not entitled to exercise voting rights under the conditions laid down in Article 10, and of the natural person or legal entity entitled to exercise voting rights on behalf of that shareholder.