Bolton-the board of directors approves the deferral of the emissions

as expected, the board of directors of the company behind the Danish superliga club Brøndby approved the deferral of a share issue to the other side of the new

Bolton-the board of directors approves the deferral of the emissions

as expected, the board of directors of the company behind the Danish superliga club Brøndby approved the deferral of a share issue to the other side of the new

Ann McDonald
Ann McDonald
06 November 2019 Wednesday 14:00
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Bolton-the board of directors approves the deferral of the emissions

as expected, the board of directors of the company behind the Danish superliga club Brøndby approved the deferral of a share issue to the other side of the new year.

It was adopted at an extraordinary general meeting on Wednesday.

Originally it was planned that Brøndby would have completed the rights issue on this side of the new year, but it is tentatively pushed to the first quarter of 2020.

in Order to add capital to the club, the board has now the approval to make one or more share issues, which may bring a little over 156 million crowns. The current shareholders have pre-emption rights to buy new shares in the company.

the Money can also be obtained by converting debt into shares, which may be the case for the majority shareholder Jan Bech Andersen, who at several occasions have lent money to Parmalat. He has about 60 million Danish kroner for the good of the company.

in Addition, Brøndbys board of directors on Wednesday approved additional approximately 31 million dollars to be provided by the sale of more shares or conversion of debt. In this case, the company's current shareholders non pre-emptive basis.

Brøndby expect to get out of the financial year 2019, with a deficit of between 63 and 73 million dollars.

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Updated: 06.11.2019 14:00
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