Template:Italianwithdrawalright: Difference between revisions
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Under [[Italian Law}} a [[shareholder]] on the [[Record Date]] who does not vote in favour of a proposed [[merger}} acquires a “[[Withdrawal right - Italian corporate law|withdrawal right]]” if the | Under [[Italian Law}} a [[shareholder]] on the [[Record Date]] who does not vote in favour of a proposed [[merger}} acquires a “[[Withdrawal right - Italian corporate law|withdrawal right]]” if the [[merger]] is approved. The withdrawal right allows a [[shareholder]] who abstained or voted against the [[merger]] to be cashed out of the equity at a pre-defined price equal to the average [[closing price]] published by {{tag|Borsa Italiana]] for the six months prior to the notification date for the merger. It is therefore possible that the withdrawal right as a {{tag|call option]] over the stock. It is only exercisable if the shareholder does not vote. <br> | ||
<small>''[[:Template:Italianwithdrawalright|view template]]''</small> | <small>''[[:Template:Italianwithdrawalright|view template]]''</small> | ||
Revision as of 11:48, 13 August 2024
Under [[Italian Law}} a shareholder on the Record Date who does not vote in favour of a proposed [[merger}} acquires a “withdrawal right” if the merger is approved. The withdrawal right allows a shareholder who abstained or voted against the merger to be cashed out of the equity at a pre-defined price equal to the average closing price published by {{tag|Borsa Italiana]] for the six months prior to the notification date for the merger. It is therefore possible that the withdrawal right as a {{tag|call option]] over the stock. It is only exercisable if the shareholder does not vote.
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