Nabywanie warrantów subskrypcyjnych a obowiązki informacyjne dotyczące znacznych pakietów akcji spółki publicznej

2015
journal article
article
cris.lastimport.wos2024-04-10T01:15:41Z
dc.abstract.enThe paper discusses disclosure obligations concerning major holdings of voting rights in listed companies in scope of acquisition of financial instruments other than shares. The first part of the paper deals mainly with "stealth takeover" of Continental by Shaeffler by using cash settled derivatives (CSD ). The paper also presents legislative actions, especially amendments to the Transparency Directive (2004/109/EC ) that entered into force on 26 November 2013, which were undertaken to prevent the same tactics in the future. The core of the article is devoted to an analysis of warrants issued by listed companies under the Polish disclosure rules. There are two types of warrants which give different rights to their holders. The author provides detailed legal analysis of each of the abovementioned type of financial instruments on the grounds of Polish disclosure regulations. The analysis indicates that acquisition of warrants - regardless of the type of such financial instrument - does not impose obligation to disclose that activity even if such actions are taken purposely to secure a significant stake in a listed company.pl
dc.affiliationWydział Prawa i Administracjipl
dc.contributor.authorGładki, Łukasz - 213278 pl
dc.date.accession2019-10-12pl
dc.date.accessioned2019-10-12T06:18:22Z
dc.date.available2019-10-12T06:18:22Z
dc.date.issued2015pl
dc.date.openaccess0
dc.description.accesstimew momencie opublikowania
dc.description.number1pl
dc.description.physical31-52pl
dc.description.versionostateczna wersja wydawcy
dc.identifier.doi10.26106/3qet-3k72pl
dc.identifier.issn1641-1609pl
dc.identifier.projectROD UJ / OPpl
dc.identifier.urihttps://ruj.uj.edu.pl/xmlui/handle/item/84776
dc.identifier.weblinkhttp://www.transformacje.pl/wp-content/uploads/2015/06/tpp_1-2015_gladki.pdfpl
dc.languagepolpl
dc.language.containerpolpl
dc.rightsDozwolony użytek utworów chronionych*
dc.rights.licenceOTHER
dc.rights.urihttp://ruj.uj.edu.pl/4dspace/License/copyright/licencja_copyright.pdf*
dc.share.typeotwarte czasopismo
dc.subtypeArticlepl
dc.titleNabywanie warrantów subskrypcyjnych a obowiązki informacyjne dotyczące znacznych pakietów akcji spółki publicznejpl
dc.title.alternativeAcquisition of warrants under the disclosure obligations concerning major holding s of voting rights in listed companiespl
dc.title.journalTransformacje Prawa Prywatnegopl
dc.typeJournalArticlepl
dspace.entity.typePublication
cris.lastimport.wos
2024-04-10T01:15:41Z
dc.abstract.enpl
The paper discusses disclosure obligations concerning major holdings of voting rights in listed companies in scope of acquisition of financial instruments other than shares. The first part of the paper deals mainly with "stealth takeover" of Continental by Shaeffler by using cash settled derivatives (CSD ). The paper also presents legislative actions, especially amendments to the Transparency Directive (2004/109/EC ) that entered into force on 26 November 2013, which were undertaken to prevent the same tactics in the future. The core of the article is devoted to an analysis of warrants issued by listed companies under the Polish disclosure rules. There are two types of warrants which give different rights to their holders. The author provides detailed legal analysis of each of the abovementioned type of financial instruments on the grounds of Polish disclosure regulations. The analysis indicates that acquisition of warrants - regardless of the type of such financial instrument - does not impose obligation to disclose that activity even if such actions are taken purposely to secure a significant stake in a listed company.
dc.affiliationpl
Wydział Prawa i Administracji
dc.contributor.authorpl
Gładki, Łukasz - 213278
dc.date.accessionpl
2019-10-12
dc.date.accessioned
2019-10-12T06:18:22Z
dc.date.available
2019-10-12T06:18:22Z
dc.date.issuedpl
2015
dc.date.openaccess
0
dc.description.accesstime
w momencie opublikowania
dc.description.numberpl
1
dc.description.physicalpl
31-52
dc.description.version
ostateczna wersja wydawcy
dc.identifier.doipl
10.26106/3qet-3k72
dc.identifier.issnpl
1641-1609
dc.identifier.projectpl
ROD UJ / OP
dc.identifier.uri
https://ruj.uj.edu.pl/xmlui/handle/item/84776
dc.identifier.weblinkpl
http://www.transformacje.pl/wp-content/uploads/2015/06/tpp_1-2015_gladki.pdf
dc.languagepl
pol
dc.language.containerpl
pol
dc.rights*
Dozwolony użytek utworów chronionych
dc.rights.licence
OTHER
dc.rights.uri*
http://ruj.uj.edu.pl/4dspace/License/copyright/licencja_copyright.pdf
dc.share.type
otwarte czasopismo
dc.subtypepl
Article
dc.titlepl
Nabywanie warrantów subskrypcyjnych a obowiązki informacyjne dotyczące znacznych pakietów akcji spółki publicznej
dc.title.alternativepl
Acquisition of warrants under the disclosure obligations concerning major holding s of voting rights in listed companies
dc.title.journalpl
Transformacje Prawa Prywatnego
dc.typepl
JournalArticle
dspace.entity.type
Publication
Affiliations

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