Espanyol has approved this Monday after holding an Extraordinary General Meeting of Shareholders the capital increase by value of 37,846,788 euros. The shareholders have approved the proposal with the 99.99 percent of votes in favor.
Therefore, it will increase the share capital by a maximum amount of 190,716 euros, through the issuance of a maximum of 31,786 new shares with a par value of 6 euros.
Remember that It is the third capital increase to repair debt, led by President Chen since he took the reins of the blue and white entity.
“The expansion is done now because we have a forecast, in the absence of 9 days to end the fiscal year, it will be closed with losses very important, motivated by the pandemic and the decline. The effort of the president, since the last enlargement, has been continuous “, José Maria Durán explained, CEO of Espanyol.
The leader also explained that said measure, the economic injection, “It will provide the club with stability and will allow us to face this market without the need to sell. We are now doing the capital increase because, according to LaLiga's economic control regulations, to compute it within 2020-21 and that we do not subtract from the staff limit for next year ”.