Veres received applications for the purchase of shares worth almost UAH 36 million
On April 12, 2021, the Veres People’s Football Club began selling its shares on the PFTS exchange. This was announced by the President of Veres National Company Ivan Nadein during an online press conference held jointly with partners Concorde Capital, Parimatch and MTB Bank at PMHUB.
During the first trading day, the club received bids for the purchase of shares for the total amount 35,790,000 hryvnias .
In total came into free circulation 500,000 ordinary registered shares , the starting face value of each will be 100 grn.
“The money received from the sale of shares will go to the development of the club, primarily – to the infrastructure. There is no artificial field in the area and this needs to be corrected. If we talk about the very idea of IPO, we were inspired by the successful experience of Europe. We are a folk club and strive to be as open as possible. Football gives mass culture, association, gives the chance to involve many people. Each match is a shareholders’ meeting. I hope that our fans will not only be able to support the club, but also make money on it. If the shares fall in price, I am ready to buy them back, “- stated President of Veres National Company Ivan Nadein.
General Director of Concorde Capital Igor Mazepa noted that the value of shares may change depending on the balance of supply and demand: “Currently, we sell securities at face value of UAH 100 per share, but very soon everything may change and their value will increase. We see a lot of successful cases of such prospectuses, for example, in the Turkish or Polish championships. By the way, I think that the Ukrainian championship is much brighter and has great potential. “
According to Vadim Misiura, Public Relations Director of Parimatch Ukraine, Ukraine needs to regain faith not only in sports, but also in financial instruments: “We have always supported leaders and innovations, as well as projects to strengthen sports management in Ukraine. Our brand is interested in such projects to develop. MTB Bank, Concorde Capital and Veres are professionals who are able to implement this ambitious idea. Parimatch, as a recently licensed company, is well aware of the importance of the first sports IPO. With such projects, we restore confidence in financial procedures. These are great prospects, as well as the development of investment culture. The project is interesting because it will allow you to find another format to support sports. We know how difficult it is to find funds for this today. “
In turn, the Chairman of the Board of MTB BANK Yuri Kralov said that this is the first IPO project in the last 15 years and the process of buying shares still needs improvement, but all participants in the process are trying to simplify it as much as possible.
“We are pleased to support the idea of the first sports IPO. This case is the beginning for our domestic stock market to be transformed, a new source of raising funds has appeared, and business has become more open. Such steps also help attract investment. Becoming a shareholder of the club is not difficult, just leave an application on the site and open a bank account. The agreement itself is concluded in 15 minutes “, – stated the Chairman of the Management Board of MTB BANK Yuriy Kralov.
To become a shareholder of the People’s Club “Veres”, you must personally or remotely submit a passport and individual tax number, sign agreements to open a brokerage account and a depository account. With detailed instructions you can to get acquainted on the website of the folk club.
Parimatch, as an innovative brand and the main patron of Ukrainian sports, supports the project of the first sports IPO in Ukraine and hopes to develop the industry and increase interest in sports.
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These funds will be used to purchase 10,000 sets of military uniforms for border guards.