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Wednesday, May 30, 2012

Request the dissolution of the Valencia CF Foundation

The platform Valencia Nou request to the Protectorate of the dissolution and liquidation Valencia Foundation Valencia CF, to consider "impossible" to put into practice in order "to" and "for" he who purchased the shares in the last enlargement capital of the entity.

As announced today in a statement, Valencia Nou also request to the Audit Office to audit the foundation is bound by law to determine the true and actual value of the shares of that entity owns.

The application of "extinction, dissolution and liquidation" Valencia CF Foundation's request, according to Valencia Nou, getting no "reasoned response" to the request already made to convene an Extraordinary General Meeting to explain whether it was feasible the plan agreed with Bankia to give economic viability to the club.

Valencia CF Foundation three years ago obtained a loan of 75 million euros granted by Bancaja and endorsed by the Government, which were used for acquisition of shares in the capital increase involving the club and the annual subscription of interests that are around five million euros.

Valencia Nou remember that once gave up the dispute he had with the entity, in order not to hinder the success of the financial and social Bankia was announced in late 2011 and he requested information.

Also, on the request of the audit to the Audit Office, Valencia Nou notes that the extinction of Valencia CF Foundation involves the public sale of shares and that this action also seeks to know "if the actions of their employers, is set to legality. "

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