Udstedelsen

Udstedelsen is a Danish term meaning the act of issuing or making something available by an authority or issuer. It is used across legal, administrative, and financial contexts to describe the creation and release of documents, permits, rights, or financial instruments.

In finance and corporate law, udstedelsen refers to the issuance of new securities, such as shares or bonds, by a company or government. The process typically involves authorization by the board or a general meeting, consideration of pre-emption rights for existing shareholders, underwriting or placement arrangements, and the determination of an issue price (udstedelsespris) and issue date (udstedelsesdato). Regulatory and disclosure requirements, such as prospectuses and registration with relevant authorities, may apply. The issuance results in new capital for the issuer and, if listed, creates tradable securities on a market.

In public administration and law, udstedelsen describes the issuance of licenses, permits, certificates, official decisions, or other documents by a competent authority. Such documents are legally binding and generally include relevant conditions, validity periods, and signatures or stamps that authenticate the act.

The term is closely linked to related concepts in Danish law and business. The entity that carries out the act is the udsteder (issuer), while the act itself is the udstedelsen (issuance). Phrases common in practice include udstedelsesbetingelser (issuance conditions), udstedelsesomkostninger (issuance costs), and other context-specific terms that reflect the nature of the issued instrument or document.