English to Spanish Bus/Financial Finance (general) prospectus

Although the context says 'pusher periods' it means 'dividen pusher periods'.

In addition, unless the Commission agrees otherwise, the hybrid capital instruments existing that are retained in the future group Y after separation is complete will be subject to a restriction on the payment of dividends and coupons and on the exercise of any call rights, unless in any such case there is a legal obligation to do so, for an effective period of two years after the proposed capital restructuring of group X. (which is intended to take place soon after separation) and following the expiry of any "PUSHER" periods following separation and such capital restructuring.

Any help appreciated.
TIA
Myriam