Sale of Packers shares continues with more than 138,000 shares sold

By on November 24, 2021 0

The sixth sale of Green Bay Packers shares continued this week; just over a week after the sale began, over 138,000 shares have been sold.

The team, with its sole public ownership, launched the share offering on Tuesday, November 16. The shares are priced at $ 300, and the money raised through the offering will go towards ongoing construction projects at Lambeau Field, including new video boards and lobby upgrades.

Only individuals (including spouses as joint tenants) can buy shares; individuals can buy shares as gifts to other individuals.

Offer documents and purchasing information for the United States and Canada are available online at 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 currently available:

  • The price per share is US $ 300, and there will be a management fee.
  • Offer is currently limited to people residing 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 are 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.