Franse aandelen schreef op 14 november 2023 11:15:
[...]
That is true (the pledge) I remember now. However the pledge was for instance following AMF annoncement on 3 August 2021 for covering a call option position in my humble opinion.
You know, the counterpart would not like to be uncovered and instead of buying the shares in the market for the option they sold to companies of XN they received a pledge ... Something like that.
for me this is a pledge to an short call option position because naked short is dangerous both for the seller as for the buyer if seller not covered (= "naked")
Regards
P.S. : AMF 3 August 2021. See below
"Rock Investment SAS a acquis 1.500.000 actions URW pour un montant total de 108,6 millions d’euros soit un prix par action URW
d’environ 72,3958 euros et a octroyé un nantissement sur ces actions au profit d’un établissement financier.
Dans le même temps, Rock Investment a conclu un contrat de couverture avec un établissement financier portant sur l’acquisition
de 1.500.000 options de vente et la vente de 1.500.000 options d’achat."