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Incarnate SAD recognizes shares purchased by John Textor but is not considered a contributing entrepreneur - Benfica

Incarnate SAD recognizes shares purchased by John Textor but is not considered a contributing entrepreneur – Benfica

Benfica acknowledges that “John Textor is attributable to the inherent voting rights of 5,750,000 Class B shares, representing 25% of the share capital and voting rights” of SAD, but does not recognize the American businessman as a contributor to the incarnate community.

“Although he is not a shareholder of Benfica SAD, John Textor holds the inherent voting rights of 5,750,000 Class B shares, representing 25% of the share capital and voting rights of Benfica SAD, due to the celebration of the share acquisition agreements ( Although the acquisition is subject to verification of certain conditions), and to Agro-Pecuária do Alto da Palhoça, SA, António José dos Santos, Manuel dos Santos, Dinis Manuel Oliveira Santos, José António dos Santos, Maria Júlia dos Santos Ferreira and Quatro -Ventos – Soc. Agro-Pecuária, SA, as shareholders of Grupo Valouro – SGPS, SA, is attributable to the inherent voting rights of 5,314,404 Class B shares, representing 23.11% of the share capital and voting rights of Benfica SAD” , can be read in A new statement has been sent to the Portuguese Securities Market Authority (CMVM). In this sense, Incarnates remember that the effective entry of Textor into the shareholder structure depends on the approval of the General Assembly – where, as Benfica has previously indicated, it will oppose it. “The possible acquisition by the same qualified 25% share in the share capital of Benfica SAD is subject to verification of certain conditions, in particular the approval of the acquisition of that share by SL Benfica at the general meeting of Benfica SAD in accordance with paragraph (a) of No. 2 of Article 13 of the SAD Benfica Statutes, which states that the unanimous vote corresponding to Class A shares is necessary to approve the decisions of the general meeting, convened on the first or second summons, when acquiring, directly or indirectly, shares representing more than 2% (2 %) of the share capital of Benfica SAD by a competitor, with any subsequent enhancement of the shareholder’s position, directly or indirectly, subject to the same approval process if the shares to be acquired represent more than 2% (2%) of the share capital of Benfica SAD”.

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SAD Benfica also says that it is “not aware of Mr. John Textor’s intentions”: “SL Benfica has informed the issuer that it considers this expression of interest inappropriate and does not intend to initiate any dialogue with said investor. Whether or not it is qualified may be “ the competing entity ” A subject of discussion and skepticism, as well as any institutional decision made on this matter at the general meeting of Benfica SAD, again caused an anti-Benfica media hype, although, as stated, Mr. John himself was the Textor to invoke it when he sent to Benfica SAD and CMVM, 12 July 2021, corresponding notification of qualified acquisition.