Packers’ stock offer is now available in Canada
Green Bay Packers fans in Canada now have the option to purchase shares of the iconic franchise, the organization announced today. Approximately 174,000 shares remain available for purchase.
The team has clarified Canadian regulatory requirements and is now able to proceed with sales in Canada. The offer will continue until February 25, 2022, subject to extension, or until full subscription.
“Upon announcing our sale in the United States, we immediately aroused the interest of Packers fans in Canada who were hoping that the offer would be available there,” said Mark Murphy, President and CEO by Packers. “We have now clarified the regulatory requirements in Canada and are delighted to officially offer the property to our Canadian fans.”
The cost of an action in Canada is US $ 300, with a processing fee for each transaction.
The remaining shares also continue to be available for purchase by residents of the United States without changing the terms applicable to those buyers. All proceeds from the offering will go to ongoing construction projects at Lambeau Field, including new video cards and lobby upgrades.
Canadian and US offering documents and purchasing information are available online at www.packersstock.com. Interested fans are encouraged to go online to view the offering document and make a purchase, as this is the most efficient method. Credit and debit cards (most major cards) and electronic bank transfers can be used online. Canadian purchases must be made online. For transactions in the United States, people without Internet access can request documents by mail through a toll-free number – 833 OWN PACK (833-696-7225) – is available to request documents by mail. Only transactions in the United States can be made by mail, payable by personal check or cashier’s check. The underwriting agent for the offering is Equiniti Trust Company.
The Packers have had five previous stock sales in their history. They took place in 1923, 1935, 1950, 1997 and 2011. The 2011 sale, with shares priced at $ 250, added more than 250,000 new shareholders and raised $ 67.4 million for a new round of d ‘entrance and viewing platform in the north end area and an expansion that added approximately 6,600 seats to the south end area. This project was completed in 2013. The 1997 sale, with shares priced at $ 200, added 105,989 new shareholders and raised over $ 24 million, which was used for the completed Lambeau field redevelopment project. in 2003.
Here is a list of the details of the offer:
- The price per share is US $ 300, and there is a management fee.
- Offer is currently limited to people in the 50 United States and Washington DC, as well as Guam, Puerto Rico, the United States Virgin Islands and Canada.
- Stocks can be purchased online with credit cards, debit cards or electronic bank transfers, Canadian purchases must be made online. In the United States, shares can also be purchased by mail with a personal check or cashier’s check.
- Only individuals (including spouses as joint tenants) can buy shares; individuals can buy shares as gifts to other individuals.
- The Packers began the organization’s sixth common stock offering by offering 300,000 shares.
- No one can buy more than 200 shares (counting the shares he bought in the 1997-1998 and 2011-2012 offers).
- The offer will continue until February 25, 2022, subject to extension, or until full subscription.
As part of the offer, interested fans should note:
- Stock in the Packers does not constitute an investment in “stock” in the common sense of the term.
- The Packers will have no obligation to repay the amount a buyer pays to purchase Packers shares.
- Anyone considering buying Packers shares should not buy the shares for profit or to receive a dividend or tax deduction or any other economic benefit.
- The offering of Packers shares is made only through the offering document.
- The Packers believe that offenders and buyers of Packers shares will not benefit from the protection of securities laws with respect to the offering or sale of Packers shares.
- The Packers’ statutes and NFL rules severely restrict the transfer of stock from the Packers.