APPROPRIATION OF THE PROCEEDS OF THE OFFERING The offering of Ordinary Shares for the account of the Company (after deduction of the fee of ABN AMRO Rothschild, 1% capital tax and specific costs to be paid by the Company) is expected to yield net proceeds of approximately NLG 117.5 million. The Company expects to use the net proceeds from the offering mainly to expand its existing operating activities both nationally and internationally. This implies investments in the youth training programme and scouting, as well as commercial activities such as merchandising. See 'The Company - Organisation and Activities'.


Jaarverslagen Ajax NV (vanaf 1997) | 1998 | | pagina 40