The subscription period for Levante UD shares ends.

Levante UD concludes the process of acquiring new shares that had been open since last March. After the deadline closed yesterday, Thursday, April 2, the entity begins the final counting phase of a key capital increase for the institutional strengthening of the club.

Once the subscription period has closed, the club's official registry must validate the latest operations to determine the final participation figure. A total of 8,477shares have been subscribed, representing a financial contribution of 509,467.70 euros. 

Participation balance and notable movements

In total, out of the 10,636 shareholders of Levante UD, a total of 1,180 shareholders have exercised their preemptive subscription rights during this window, representing 11%, marked by the proportion of one new share for each one already owned (1x1), allowing minority shareholders to strengthen their presence in the share capital.

Support from the Extraordinary General Meeting

This capitalization process stems from the decisions made at the Extraordinary General Meeting held last February 10. At that assembly, the second item on the agenda was approved by an overwhelming majority of 99.84%, authorizing the increase of the share capital by a maximum amount of 8,251,309.30 euros. 

This increase was directed exclusively at minority shareholders (excluding Bizas Trading Company SL and the Cent Anys Foundation), aiming to give voice and weight to the granota social base.

Incomplete subscription and closure of channels

As provided for in Article 311 of the Capital Companies Act and approved at the Meeting, the possibility of incomplete subscription is contemplated. This means that the amount of the increase will be limited exclusively to the nominal value of the shares that have been effectively subscribed and paid up until this April 2, with the remainder becoming void.

Levante UD deeply appreciates the commitment of all the shareholders who participated in this phase, once again demonstrating their support for the stability and future of the entity.