Share issue helps Bulgaria’s Levski Sofia repay its government taxes

June 15 – Bulgaria’s Levski Sofia have announced that nearly BGN 600,000 (€300,000) has been raised from the sale of shares.

The share sale campaign started a few months ago and went through two stages.

The exact amount collected amounts to BGN 585,615 (€298, 788) which will all be used towards repaying the club’s debt to the National Revenue Agency (NRA).

A large part of the amount was collected from the Business Club Levski, formed two months ago, which aims to attract famous people and businessmen to help the club financially.

“On 11.06.2023, the second stage of the procedure for increasing the capital of Levski Professional Football Club was completed according to the decision of the General Meeting of Shareholders,” said a club statement.

“Within the two stages of the procedure, 117,123 ordinary registered voting shares from the new issue of shares with a nominal value of BGN 1 (€ 0,50) and a total issue value of BGN 585,615 were subscribed and paid for.

“PFK Levski wishes to thank all shareholders who participated in the increase, as well as Business Club Levski, which subscribed and paid for 43,110 shares with a total issue value of BGN 215,550 (€ 109, 991).

“The procedure for increasing the company’s capital is entering its final third stage. The collected amount of BGN 585,615 will serve to repay the principal of the obligations of the Levski Professional Football Club to the National Revenue Agency.”

Contact the writer of this story, Aleksander Krassimirov, at moc.l1701539513labto1701539513ofdlr1701539513owedi1701539513sni@o1701539513fni1701539513