Sale of current packer shares; $ 300 in actions to support Lambeau field projects
The Green Bay Packers, with its unique public ownership structure, today launched the organization’s sixth stock offering, with shares priced at $ 300. Money raised through the offer will go to ongoing construction projects at Lambeau Field, including new video cards and lobby upgrades.
“We are delighted to offer shares for only the sixth time in our franchise history,” said Mark Murphy, President and CEO of Packers. “Since we received clearance from the NFL last month for a stock offering, fans have been excited. Their support is a key part of our ability to invest in and maintain Lambeau Field as a premier sporting experience, which in turn contributes to the continued success of the franchise.
“It’s been 10 years since our last offer and fans regularly ask us when the next opportunity to own the Packers will come. For them and our next generation of fans who are ready, we are very happy to welcome our new shareholders.”
The offer document 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. For those without internet access, a toll-free number – 833 OWN PACK (833-696-7225) – is available to request documents by mail for transactions to then be completed by mail. 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 entrance tower and observation deck in the North Zone. and an expansion that added approximately 6,600 seats to the southern zone. 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 $ 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 and the United States Virgin Islands.
- Stocks can be purchased online with credit cards, debit cards, or electronic bank transfers, or 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.