Intercity approved two measures to restore the heritage balance of SAD, of which it is chair. Salvador Marti It allows them to recoup the accumulated losses of past seasons and at the same time distances society from the possibility of loss. legal reason for termination.
To this end, it has chosen to apply all provisions. last share premium (the extra price payable for a share in conjunction with its nominal or theoretical value) offsets partly the item “results from previous years” so that part of the debt is left behind. 3.7 million euro.
The premium is borne by the members of the group and is derived from the contributions made by each of them to commit to a share or participation, and its amount is the difference between the issuance value of the deed and its nominal value. In Intercity, the share premium is close. 4.5 million euros.
The board also decided Halving SAD’s capitalhow about something less? From 2.4 million to just over 1.2 million. To achieve this, the depreciation of its face value 12,351,812 shares Voting shares ranging from 0.20 euros to 10 cents each.
Purpose of capital reduction cpartially compensated for SAD’s losses For one reason only: “Restoring the balance between the company’s capital and net worth, which has decreased as a result of losses”.
Voluntary reserves
After this decrease in capital, Club de Fútbol Intercity’s loss is almost 6 million euros. From them, 2.8 corresponds to the last financial year; 2.5 previous years and almost 675.000€ to a substance called ‘voluntary reserves’.
Both measures are supported by the board brought to the attention of creditors A company that cannot object to its execution in accordance with Article 335 of the Capital Companies Law.
The effort to restore balance in assets has brought Intercity, the only Spanish club listed on the Stock Exchange. bankruptcy intervention claim Because technical bankruptcy has been removed from the financial equation. The largest shareholders gain time to find new sources of income; depreciation less evil of actions.