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The Blue Bulgaria Trust came out with an official position on the Levski stock sale request, which appeared today. It was described as “a humiliating experiment to destabilize relationships in the Levski community.”
Here is the whole position:
The request to sell the shares owned by the Trust to PFC Levski AD, which appeared today and was later refuted, is considered by the Board of Directors of the Blue Bulgaria Trust to be a humiliating experiment to destabilize relations in the Levski community. Just two days after the four largest and most influential organizations of Levski football club supporters made an unprecedented unification, making with many reservations, an extremely difficult and unpopular decision to support the club with a public announcement. WMO to the Prime Minister for a loan.
We would like to emphasize once again that one of the main objectives of the Blue Bulgaria Trust’s ownership interest in the Company is to ensure transparency in the management and financing of Levski. Ownership of the shares is not an end in itself, and for this reason, over two years ago, our Association entered into the club administration with a request that the trust-owned share denominations be “fragmented”, which would allow its transfer. more than one person So far we have no comments from the club on this case.
Apart from everything so far, we are obliged to comply with the legislation in force in Bulgaria, which does not allow the Blue Bulgaria Trust to make a public offer of shares, that is. invite an unlimited number of people to buy them. In this line of thought, if someone is interested in acquiring or transferring shares, they must follow the procedural order established in accordance with the statutes of the “Blue Bulgaria” Trust and make an official and specific request to the Association!
The decision to acquire or transfer shares can only be made after convening an extraordinary General Meeting of the Trust. It is clear that in a state of emergency, as well as the current measures of social distance, which are expected to continue in the foreseeable future and which prohibit the gathering of large groups of people in the interior, such an extraordinary General Assembly cannot be held. It will celebrate, not to mention the impossibility of legally convening it in an extremely short period of time.
We believe that these circumstances additionally and very eloquently speak of the completely provocative nature of the “direction” made in the media, the author of which does not appear to be known.
In conclusion, we will add that in light of the next fateful days for the future of our favorite team, the most useful move for each Levski player is to participate in the donation campaign, which continues. It is up to us to win this battle.
Alone, but together and united against everyone!
Levski Shareholders and Supporters Appeal to Blue Bulgaria Trust
“We are behind you in the fight”
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