Glossary entry

English term or phrase:

on-market dribble-out

French translation:

vente en petits blocs sans (en) informer le marché

Added to glossary by HughDESS
Feb 29, 2016 16:54
8 yrs ago
2 viewers *
English term

on-market dribble-out

English to French Bus/Financial Investment / Securities Investment advice
Shares underlying XXXX’ initial delta could be sold through an ABO in a block placement at a price guaranteed by XXXXS (providing execution certainty) or through an on-market dribble-out in the days following the signing of the transaction (minimizing any share price impact)

Discussion

Peter LEGUIE Mar 1, 2016:
Ana Yes, you are right of course, but which are those transactions which require the market to be informed? Probably not "dribble-out" deals. But I have no idea where the border line stands.

Proposed translations

+2
9 mins
Selected

vente en petits blocs sans (en) informer le marché

Example sentence:

L’État ne détient plus que 23,9 % des actions de Lloyds – UKFI, qui gère les participations de l’État dans les banques, a vendu 1 % de ses actions Lloyds, à travers la technique de « dribble out » (vente de la participation par petits blocs,

Peer comment(s):

agree Chakib Roula
1 hr
Merci, Chakib!
agree Germaine
4 hrs
Merci, Germaine!
neutral Peter LEGUIE : Pourquoi "sans en informer le marché"? Cela semble exclure les OPA, mais s'agit-il bien de cela?
1 day 3 hrs
Certain transactions require that the market be informed. That is not the case here. Pls read page 3 of the link below, as well as my other references. https://www.tresor.economie.gouv.fr/File/414145
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4 KudoZ points awarded for this answer. Comment: "Merci"
+1
10 mins

mise sur le marché graduelle de petits blocs d'actions

"Dribble out
Definition
In the distribution of equity, dribble out equity programs are a method by which an issuer sells small amounts of equity at various times during the program. Using a shelf registration and a broker-dealer, it is often cheaper for issuing companies because it does not involve large amounts of institutional selling."
http://www.investorwords.com/11577/Dribble_out.html


"Conformément au trading plan annoncé par le gouvernement le 17 décembre dernier, l’opération a été réalisée à travers la technique de dribble out, qui consiste à vendre par petits blocs sans avoir à en informer le marché. Seules les déclarations de franchissements de seuils, obligatoires, sont publiées. A l’époque, la presse britannique indiquait que l’Etat espérait retirer 3 milliards de livres (4,1 milliards d’euros) au cours de cette phase, ce qui le laisserait avec une participation de 19,5%."
http://www.agefi.fr/financements-marches/actualites/quotidie...

Peer comment(s):

agree Germaine
4 hrs
merci!
Something went wrong...
+1
30 mins

mise sur le marché progressive d'actions en petites quantités

-
Peer comment(s):

agree Chakib Roula
40 mins
neutral Germaine : mieux vaut en rire qu'en pleurer...
4 hrs
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1 day 18 mins

des ventes discrètes (par petits montants)

I beleive this is the meaning here.
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