A message to CMVM informs about Sporting SAD’s intention to provide one or more bonded loans with a maximum value of 50 million euros.
SAD Sportinga announced at the end of Tuesday evening a negative net result of € 32.9 million for the 2020/21 season, while the call for a general meeting of the company indicates an intention, requiring shareholder approval, to issue one or more bonds. loans with a maximum value of 50 million euros.
According to a document sent to CMVM, it turns out that SAD GA will take place from 6:00 pm on October 6 at the José Alvalade Stadium.
Issues on the agenda of the General Meeting.
1. Make a decision on the management report and financial statements for the year ended June 30, 2021.
2. Decide on the proposal to apply the results for the year ended 30 June 2021.
3. Conduct an overall assessment of the Company’s governance and oversight.
4. Assess and approve the proposal on variable remuneration for executive members of the Board of Directors of the Company, prepared by the Shareholders’ Committee for 2020/2021.
5. Assess, in accordance with the terms and for the purposes of paragraph 4 of Article 245-C of the Portuguese Securities Code, the remuneration report drawn up by the Board of Directors for 2020/2021.
6. Assess and approve the remuneration policy for members of the Company’s management bodies developed by the Shareholders’ Committee for 2021/2022.
7. Make a decision on granting permission to the Board of Directors on the terms and for the purposes of the provisions of paragraph 2 of Article 8 of the Charter for one or more bond issues within the maximum global amount. EUR 50,000,000 (fifty million euros), which will be carried out through public offerings of subscription to ordinary bonds with a maturity of not more than 4 years and a par value of EUR 5 (five euros), these issues will take place until September 30, 2022.
