Head of Privatization Organization: Shares of Persepolis and Esteghlal will be offered on Sunday
According to reports Trade News Quoted from fellow-citizenBy fulfilling the 5 OTC conditions 2 Persepolis and Esteghlal Club They are ready to be offered. Tomorrow, part of the shares of these two clubs will be listed on the OTC market for the first time after two decades of efforts. Last week, there were doubts about the supply of these shares. The OTC CEO had announced that these clubs must meet the conditions for admission and listing on the OTC. Now, however, as the news shows, and the head of the Privatization Organization has also confirmed, the five OTC conditions have been met, and these two clubs will definitely be offered tomorrow through the OTC market.
Stock supply as promised
Yesterday, the head of the Privatization Organization told Hamshahri: “All the conditions for offering the shares of these two clubs have been observed and the shares of these two clubs will definitely be offered in exchanges on Sunday.” “We have overcome these resistances, so the stock will be delivered on time, as promised,” he said.
The brand value of these two clubs
Head of the Privatization Organization on how to evaluate Stocks of magenta He said that the whole club is priced according to the net asset value method because according to the law and pricing instructions, the value of the shares of companies that are not listed on the stock exchange and have not been profitable in the last 3 years should be calculated in this way. He explained about the discussions about how to value the brand of these two clubs: the brand value of Persepolis 1900 and Esteghlal 1700 billion tomans has been determined and this valuation has been estimated with the return model that will be created in the future. He added: “In evaluating the revenue models of this club, even the revenues of the broadcasting rights were not taken into account and it was in accordance with the business plans that the two clubs have proposed for the next year.” Ghorbanzadeh continued: “Both clubs have presented a business model for next year, and based on that, the methods and amount of income of the club have been determined.” Accordingly, the future of club brand valuation has been calculated even without considering television rights.
He described the privatization of the two popular clubs as a light that will shine on the darkness of the two clubs, adding: “By offering shares and reports that the two clubs will present, it will be clear what has happened to them in the past and Their manager can no longer act as before. He continued by emphasizing that this underwriting, which is done by the method of spending shares, is the beginning of treating the problems of these clubs: “From this, people will increase their supervision over the performance of magpies, and this is the beginning of treating their problems.”
Stock supply details
The OTC has announced the amount of shares that can be offered by issuing an announcement Independence more than Persepolis According to this report, 11.5% of the shares of Esteghlal Club, which is equivalent to 1 billion 236 million shares, and 10% of the shares of Persepolis, which is equivalent to 1 billion and 34 million shares of this club, will be issued tomorrow and during the underwriting of the shares of these two clubs. It is offered through the OTC market. If all the shares of these two clubs are sold on Sunday, 350 billion Tomans of liquidity will be injected into Persepolis Club and 360 billion Tomans of new financial resources will be injected into Esteghlal. Pay 3387 Rials per share and 2910 Rials per share for Esteghlal Club. The maximum number of shares that can be bought for Persepolis stock applicants is 885 shares and for Esteghlal 1030 shares. After this offer, if all the shares are sold, the government’s share in Persepolis Club will reach 90% and in Esteghlal Club will reach 88.5%. After this stage, it is time to transfer the rest of the government shares to the major shareholders, the exact details of which are not yet known, but the received news indicate that Hamrah Aval and Irancell are probably among the applicants to buy government shares in these two clubs. Considering that the Minister of Labor has also presented the plan to transfer the shares of these two clubs in the form of cooperatives, it is still not clear whether the block shares of these two clubs will also be transferred over-the-counter or not?