cancelling and extinguishing issued share capital
| 11:04 Apr 8, 2024 |
| English to French translations [PRO] Law/Patents - Finance (general) / Company administration | |||||||
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| 4 | annulation et extinction |
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Answers
36 mins confidence: 
annulation et extinction Explanation: In the sentence "by cancelling and extinguishing (X amount) of the issued ordinary shares of £1.00 in the Company...", both "cancel" and "extinguish" refer to the process of reducing the company's share capital by removing a specific number of shares. However, there's a slight nuance between the two terms: "Cancel" implies a more formal removal of the shares from the company's records. The shares cease to exist, and the shareholders associated with them no longer hold any rights or claims on the company. "Extinguish" emphasizes the elimination of the value associated with the shares. The £1.00 value attached to each share is essentially extinguished, and the total share capital of the company is reduced accordingly. Note that In legal and financial documents, both "cancel" and "extinguish" might be used interchangeably to emphasize the complete removal of the shares and their associated value. Example sentence(s):
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