PARMA CALCIO 1913, A PAID-IN CAPITAL INJECTION OF €8 MILLION HAS BEEN SANCTIONED

Parma, 18 June 2020Parma Calcio 1913 announces that the Shareholders’ Meeting, which took place this morning in the presence of the Almansi Notary, has approved a capital injection of €8 million. The full amount was contextually signed for and paid by the majority shareholder, Nuovo Inizio, also covering the share (1%) of the PPC SpA shareholder as per the shareholders’ agreement. The aforementioned capital injection is intended to cover any losses for the year accrued by 31 March 2020, to replenish the share capital and to build up additional reserves for future needs.