How to transfer block shares of magpies

Hossein Ghorbanzadeh in an interview with Fars News Agency economic reporter about the latest situation of transferring the pre-emptive rights of Esteghlal and Persepolis shares called Sorkhabi to increase capital, said: for each of these two clubs, 10% of the shares of these companies will be transferred by depriving them of pre-emptive rights. The shares ended up in the OTC market, through which the amount of 350 billion Tomans of resources for Persepolis Club and 359 billion Tomans for Esteghlal Club was obtained from the place of underwriting and revoking the preemptive right.

He added: “Of course, there was a 30-day deadline when we reached the ceiling of 10% of the registered shares of the two clubs. The underwriting ended on March 19 of last year.” For the remaining offering of shares of the two magenta clubs, we have also announced that the offering of shares will be in blocks.

The head of the Privatization Organization stated: Those who have a bid for shares and companies that buy a block of shareholders, can refer to the Privatization Organization and within the next one or two months, the offers will be reviewed and after assessing the eligibility of buyers, because these companies are listed, block auctions. It will be done through the stock exchange and the volume of government shares in each of these two clubs is expected to be below 50% by the end of September this year.

Ghorbanzadeh said: “In order to offer a block of shares, we should normally assess the competence and competence of buyers, because this is a very important issue and legal entities whose competence will be reviewed by the competency monitoring working group in the Privatization Organization and then the block block auction will be held.”

He added: it is predicted that for each of the clubs, one or two blocks of 17 to 20 percent will be offered through auctions and through the stock exchange.

The head of the Privatization Organization also said: “The issue of how to use the resources collected from the OTC market to subscribe to the shares of the two clubs, as well as the opening of the trading symbol of the two clubs, I must announce that first the expenditure of these funds is based on The assembly of the two clubs will be approved and approved by the auditing organization, and the privatization organization will oversee the use of resources.

Ghorbanzadeh also said: to open the trading symbol of the two clubs, because it was done for the first time from the place of holding shares with deprivation of pre-emptive rights, opening the trading symbol after the administrative steps of capital increase registration The capital increase of the two clubs will be done as well as the approval of internal audits, which will be opened in the symbol of the two clubs after these steps.

He stressed: “It is not possible to say a definite time for the opening of the magenta symbol, but it usually takes between two weeks to a month, during which time the money is frozen in the accounts of the two clubs to confirm and register the capital increase process.” It will be done in the justifications that have already been approved by the Assembly and also under the supervision of the Privatization and Auditing Organization.

The privatization plan of Esteghlal and Persepolis clubs, after 20 years of being introduced, was implemented in the winter of last year through the OTC market.

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