Brøndbyernes I.F. Fodbold A/S Launches New Share Offering Plan

Brøndbyernes I.F. Fodbold A/S Introduces New Share Offering

Brøndbyernes I.F. Fodbold A/S

Brøndbyernes I.F. Fodbold A/S has made a significant announcement regarding a capital raising initiative aimed at enhancing its financial standing and strategic goals. The club's board has approved the initiation of a rights issue, allowing existing shareholders to purchase up to 570,332,733 new shares at a nominal price of DKK 0.25 each, offering the shares at a subscription price of DKK 0.30.

Details of the Offering

The offering will be conducted on a 1:1 basis, meaning existing shareholders on record as of 15 January 2025 will receive one (1) subscription right for each share held. This right will then allow them to subscribe for one (1) new share at the designated price.

Importance of the Offering

This capital increase is seen as a vital step for Brøndbyernes I.F. Fodbold A/S towards achieving both domestic and international ambitions. With the recent welcome of Global Football Holdings into the Brøndby family, the intention is to elevate the club's stature on competition fields, both in Denmark and Europe.

Statements from Leadership

Jan Bech Andersen, the club's chairman, expressed that this initiative is not just about financial support but also about unlocking the potential of Brøndby IF's player transfers and strengthening the team. The goal is to transform aspiration into competitive reality through necessary funding.

Scott Krase, board member and representative of Global Football Holdings, also emphasized this opportunity to raise capital as essential for advancing the club's goals. He noted their commitment as investors, believing in the club's ability to succeed and grow.

Use of Proceeds from the Offering

The funds raised through this offering will directly enhance the club's operations, focusing on continuous participation in UEFA competitions and maximizing players' transfer potential. The proposal outlines plans for strengthening team resources and working capital, which are critical for achieving strategic objectives.

A portion of the funds will also be allocated to infrastructure improvements and commercial projects that ensure long-term growth and profitability for the club. The gross proceeds anticipated from this offering, if all new shares are subscribed, are approximately DKK 171 million, with the overall costs expected to be around DKK 7 million.

Support from Major Shareholders

There is a solid backing for this initiative from key shareholders, with commitments in place for shares to be acquired as part of this rights issue. This underscores the confidence placed in the direction of the club and the planned enhancements.

Timeline of the Offering

The full process surrounding the share offering is guided by a clear timeline, starting with the release of the prospectus, which is crucial for informing potential and current investors. Notable dates include the trading period for rights commencing on 14 January 2025 and the conclusion of the subscription period on 29 January 2025.

Upon successful capitalization efforts, the club expects to list the new shares on Nasdaq Copenhagen shortly after the official approval of the offering. This strategic move is essential to ensure that Brøndbyernes I.F. Fodbold A/S remains competitive in the fast-evolving football landscape.

Conclusion

Brøndbyernes I.F. Fodbold A/S is positioning itself for a brighter future through this proactive capital raise, aiming to solidify its competitive edge. As they embark on this journey, the club remains dedicated to its vision of excelling on both domestic and European stages.

Frequently Asked Questions

What is the main objective of the capital raise?

The capital raise aims to strengthen the financial position of Brøndbyernes I.F. Fodbold A/S and support its ambitions for growth both on a domestic and European level in football.

How much equity is Brøndbyernes I.F. Fodbold A/S offering?

The club is offering the possibility to subscribe for up to 570,332,733 new shares at a subscription price of DKK 0.30 per share.

When will the rights issue take place?

The rights issue will commence with subscription rights being available from 14 January 2025, closing on 29 January 2025.

Who are the significant supporters of this offering?

Key shareholders have pledged support for the offering, indicating strong confidence in the club’s strategic direction.

Where can investors find additional information?

Investors are encouraged to check Brøndbyernes I.F. Fodbold A/S's official website for more detailed information about the offering and the prospectus once available.

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