KV MechelenAn important day for KV Mechelen. A capital increase of 5 million euros was signed today. Resulting in a rearrangement of the stock structure.
Tonight, the current and new shareholders of KV Mechelen will meet at the notary public to sign a five million euro capital increase.
Major shareholder Dieter Benincks, a key figure in the FNG fashion group fraud case, will not participate in the capital injection, as agreed. Its share package drops from 71.2 to 49%. Philipp van Esche, Dutch businessman and president of sister club Helmond Sport, invests more than 3.3 million euros and owns 20%. KV Mechelen and Helmond will collaborate closely in the field of sports. Sven Swinnen’s appointment to T1 in Helmond last week was a first step.
The shares of supporters have fallen to 8% but their participation and veto list remains. There will also be a supervisory board, which will include Mark Uytterhoeven. The remaining 23% is distributed to other minority shareholders, including Luc Leemans and Eddy De Reys. CEO Frank Lagast, like some local entrepreneurs, is also investing in the club.
The capital injection is of crucial importance for KV Mechelen, which thanks to €5 million can reduce its debt (in the short term). For example, the club will have to repay 4.2 million euros in backer bonds next summer.
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