Categories: Football

El Sabadell approves a historic capital increase of 6 million euros

The EC. Sabadell FC, S.A.D has celebrated this afternoon at the registered office of the entity the Ordinary and Extraordinary General Meeting of Shareholders with telematic assistance that has had the participation of the 98.93% of share capital. In the session, all the items on the agenda were debated and, after all the interventions made by the various attendees, the proposals made by the Board of Directors were unanimously approved.

First, the annual accounts for the 2019/20 financial year have been approved. Then, the capital increase has been approved for a maximum amount of 6,000,000 euros in order to cover the minimum capital stock legally established. The expansion will be carried out by issuing up to 20,000,000 new shares with a par value of 0.3 euros, with preferential subscription rights of the current shareholders.

This is one more step to consolidate the economic and institutional stability of the club and reinforce the commitment of the investment group headed by Esteve Calzada Y Pau Morilla-Giner.

The president of CE Sabadell FC, Esteve Calzada, he assured: “I would like us to enjoy a historic moment for the club with this financial and economic stability. This expansion guarantees the strength of the club to continue building a project for the future “. Esteve Calzada It has also confirmed that it will attend the capital increase together with the rest of the investors who arrived in the summer of 2019.

The meeting proceeded normally, all the items on the agenda were presented and the requests presented by the shareholders were answered. The Meeting ended by thanking all shareholders present for their support of the proposed measures.

Gabby Barker

Gabby is someone who is interested in all types of sports, she loves to attend watching matches live. Whenever there is a match being played in her city, she makes sure to get the tickets in advance. Due to the love for sports, she joined Sportsfinding, and started writing general sports news. Apart from writing the news, she is also the editor for the website who checks and edits every news content before they go live.

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