Brøndbyernes I.F. Fodbold A/S Launches New Share Issuance

Brøndbyernes I.F. Fodbold A/S Announces Capital Raise

Brøndbyernes I.F. Fodbold A/S, registered under CVR-nr. 83 93 34 10, has made a significant announcement regarding its fundraising efforts. The board of directors has officially decided to initiate a rights issue for existing shareholders, allowing them to participate in the issuance of up to 570,332,733 new shares at a nominal value of DKK 0.25 each. This move aims to strengthen the financial footing of the club and enhance its competitive edge both domestically and in Europe.

Understanding the Rights Offer

The rights offer, structured on a 1:1 basis, means existing shareholders registered by a specific date will receive one right for each share they currently hold. These rights can be used to subscribe for new shares at an exercise price of DKK 0.30 per share.

What Shareholders Need to Know

Shareholders listed with Euronext Securities by the cutoff date will be eligible for rights. Each right allows the holder to purchase one new share at the set price, reinforcing the opportunity for current investors to maintain their influence and involvement in Brøndby’s financial growth.

Capital Utilization Plans

The capital raised through this initiative is earmarked for various strategic investments aimed at boosting the club's performance in UEFA competitions, maximizing player transfer potential, and exploiting commercial growth opportunities. The funds will primarily enhance the strength of the first team and increase working capital, which are crucial for achieving the club's ambitious strategic objectives.

Projected Financial Impact

The total gross proceeds from the offering, if fully subscribed, are estimated at approximately DKK 171 million, with expected costs of around DKK 7 million associated with the offering. With a focus on creating a successful sporting and commercial presence, the club aims to utilize these funds effectively to foster both growth and competitive resilience.

Backed by Major Shareholders

Brøndby has garnered substantial commitment from its major shareholders, indicating confidence in the rights issue. These commitments are expected to cover about 66.6% of the total number of new shares, consolidating support for the club's plans and future direction.

Timeline of Key Events

The rights issue is set against a strategic timeline including key events like the announcement of the prospectus and the actual subscription period for the new shares. Major milestones will facilitate smooth operations, allowing willing investors an opportunity to engage with the club's progress.

Investment Insights for Potential Investors

Potential investors should carefully consider the details outlined in the prospectus, available on the club's website. Reading these documents diligently will clarify the terms and provide crucial insights into the future of Brøndbyernes I.F. Fodbold A/S.

Final Thoughts on Brøndby’s Future

As Brøndbyernes I.F. Fodbold A/S embarks on this fundraising journey, it emphasizes its commitment to improving its standing within European football. Stakeholders are encouraged to join this crucial initiative, contributing to Brøndby’s aspirations and laying a strong foundation for future success.

Frequently Asked Questions

What is the main purpose of the rights issue?

The rights issue aims to raise capital to strengthen the club’s financial position, enhance team performance, and support commercial growth opportunities.

When will the rights issue take place?

The rights issue begins with the trading of rights from specific dates, with the subscription period for new shares set to begin shortly after.

How will the funds raised be used specifically?

Funds will be allocated toward strengthening the first team, increasing working capital, and funding infrastructure and commercial projects.

What is the pricing structure for new shares?

New shares will be offered at an exercise price of DKK 0.30 each, enabling existing shareholders to maintain their investments.

Who are the major backers of this initiative?

The rights issue has received strong backing from significant shareholders, including Global Football Holdings, reinforcing their commitment to Brøndby’s future.

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