Brief: Sporting SAD Says Sporting Enters Into Agreement With Novo Banco To Buy 51.4 Mln Securities

Sporting Clube De Portugal Futebol SAD

28/12/2023 06:57

Dec 28 (Reuters) - Sporting Clube de Portugal Futebol
SAD  SPSO.LS :
    * SAID ON WEDNESDAY SHAREHOLDER SPORTING CLUBE DE PORTUGAL
(SCP)
ENTERED INTO SALE AND PURCHASE AGREEMENT WITH NOVO BANCO FOR
ACQUISITION OF 27.4 MLN SECURITIES MANDATORILY CONVERTIBLE INTO
SHARES (VMOC), ISSUED ON JAN 17, 2011 BY SPORTING SAD, MATURING
ON DEC 26, 2026
    * AGREEMENT ALSO FOR ACQUISITION OF 24.0 MLN VMOC, ISSUED ON
DEC
16, 2014, BY SPORTING SAD, MATURING ON DEC 16, 2026
    * SCP MAY, IF IT SO WISHES, EXERCISE EARLY MATURITY OPTION
RIGHT
OF SECURITIES AND THIS OPTION RIGHT WILL RESULT IN DELIVERY TO
SCP OF SPORTING SAD SHARES CORRESPONDING TO NOMINAL VALUE OF
SECURITIES
    * AS A RESULT OF CONVERSION OF SECURITIES, SCP WILL BE
ATTRIBUTED
VOTING RIGHTS OF 177.7 MLN SPORTING SAD SHARES, REPRESENTING
87.994% OF SHARE CAPITAL AND VOTING RIGHTS IN CO

        
 Source text: http://tinyurl.com/59nxsa59
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