Bad news from Piazza Affari for the Juventus club
One eye on the field and one on the stock exchange. This is the fate of listed sports clubs and Juventus is certainly no exception. On the day of the return of the Champions League, with the great challenge on the field of Chelsea, holder of the trophy, the title of the Juventus club in Piazza Affari it lost 9.48% to 0.6160 euros per share.
It is the market reaction to the publication of the conditions of the capital increase, which had been announced for some time. Juventus has in fact announced that they will be issued until 1,197,226,782 Juventus ordinary shares newly issued, with no nominal value expressed, having the same characteristics as the Juventus ordinary shares already in circulation and regular enjoyment, to be offered in option to the shareholders of the Company entitled in the relationship of 9 New Shares for every 10 Juventus shares held, at the subscription price of Euro 0.334 for each New Share, to be allocated for Euro 0.01 to share capital and Euro 0.324 to share premium.
Juve, capital increase: the role of EXOR
On June 30 the shareholder EXOR NV has undertaken the commitment to subscribe the portion of the share capital increase pertaining to it (equal to approximately 63.8%), for an equivalent value of approximately 255 million euros, and has made a payment to the Juventus company future share capital increase for an amount of 75 million, to be used for the freeing up of one’s share of the share capital increase.
Juventus has also signed the guarantee agreement relating to the Capital Increase operation with Goldman Sachs International, JP Morgan AG, Mediobanca – Banca di Credito Finanziario SpA and UniCredit Corporate & Investment Banking, which will act as joint global coordinators and joint ventures. bookrunners and have undertaken to subscribe, separately and without solidarity constraint, any New Shares that may have remained unexercised at the end of the auction of unexercised rights, which will be held after the Option Period, for a maximum amount of approximately Euro 144.9 millions.
On the subject, read also:
Juve, Agnelli: “Covid impact of 320 million” and announces an Investor Day in 2022
Juventus, balance sheet in the deep red. “Immediate requirement of 148 million”
Juventus, red balance for Agnelli: debts rise to 210 million euros
Juve, losses halved in ’21: but the red is still 64.7 million euros
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