After the big deficit: Brøndby open for new share issue

the Danish superliga club Brøndby conducted earlier in the year a share issue, and now may yet be on the way within a period of five years. according to an an

Ann McDonald
Ann McDonald
06 March 2020 Friday 12:00
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After the big deficit: Brøndby open for new share issue

the Danish superliga club Brøndby conducted earlier in the year a share issue, and now may yet be on the way within a period of five years.

according to an announcement from the football club in a notice of annual general meeting 2. april.

Here should the shareholders vote on whether the board of directors shall have the authority to a new issue.

- the Board of directors is until 2. april 2025 authorized to decide to increase the company's share capital one or several times by subscription of up to nominal 570.332.733 paragraph. shares of a nominal value of dkk 0,50 (a total of up to nominally dkk 285.166.366,50) with pre-emption rights for the company's existing shareholders.

Brøndby came out of the most recent fiscal year with a huge deficit. Minus 78,7 million dollars says so on the bottom line of the football club Brøndby for the financial year 2019.

It is really up to the majority shareholder Jan Bech Andersen, on the proposal to be voted home, since he owns more than 50 percent of the shares in the club.

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Updated: 06.03.2020 12:00