As a result of the conversion of VMOC and the consequent increase in the share capital of the Company, as well as the dilution of shareholders, as of 15 February 2024, Sporting Clube will dominate the shareholding structure of Sporting SAD (eligible holdings). Portugal by about 88%.
Sporting Clube de Portugal has exercised the right to convert its mandatory convertible securities (VMOC) into ordinary shares in Sporting SAD, increasing its share capital to €201.99 million.
“Contributor Sporting Clube de Portuga inSh Knowledge for society in I have practiced The right to choose the following conversion Mobile values “Mandatorily convertible into ordinary shares of Sporting SAD,” reads the statement sent to the market.
nVersion scope From VMOC called Mathematical Values 2010 SCP exercised the right to transfer 27,416,952 VMOC. In the case of the VMOC issue called Valores Sporting 2014, SCP exercised the right of conversion option in the amount of 24,000,000 VMOC.
The exercise of the conversion option right determines the delivery of Sporting SAD shares to SCP corresponding to the nominal value of the VMOC, whereby the shares to be delivered to SCP are Class A shares, “under the terms of the Sporting Communities legal regime”.
As a result of the conversion of VMOC and the consequent increase in the company's capital, as well as dilution of ownership of shares from February 15, 2024 Shareholding Structure of Sporting Sad (Eligible Holdings) is now dominated by Sporting Clube de Portugal with 75.635% of Class A shares. Sporting SGPS, which owns 12.358% of Class B shares, represents 87.994%.
Until now According to the contacts made to the company, as well as the ratio From the capital and votes attributed, it appears that Álvaro Sobrinho, through Holdemo, now has 9.901%.
The distributed capital is 2.105%.
“Andm result Referred to d conversionthat it Mathematical values 2010 editionthat it Mathematical values 2014 The shares of Sporting SAD became the capital of the company be from 201,990,453 euros [201,99 milhões de euros]represented by 201,990,453 procedures, We take actually He was required Recording the increase in capital With the relevant register Commercial Registry,” said one of Sporting’s statements.
club managers, Frederico Varandas, Francisco Salgado Zenha and Andre da Costa Cabral Bernardo transferred VMOC from both series and thus became a minority shareholder in SAD.
“Writer. Communicator. Award-winning food junkie. Internet ninja. Incurable bacon fanatic.”
More Stories
Portuguese international rugby player dies in car accident in France | Football
André Villas-Boas' entry into SAD remains a dead end
Futsal: Sporting loses and Barcelona qualifies for the Champions League final with Palma