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Benfica informs CMVM: Textor and José António dos Santos postpone the deal

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SAD do Benfica reported that businessman John Textor has postponed from September 15 to December 31, 2021 a deal signed with José Antonio dos Santos for the transfer of shares in the incarnated company.

It should be recalled that Textor guaranteed this Tuesday morning that it suspended the agreement with José António dos Santos for a 25 percent stake in SAD do Benfica. “Mr. Santos and I previously agreed to suspend our contractual relationship until Benfica’s partners confirm their choice as leadership,” Textor wrote in a statement on Twitter.

“Sport Lisboa e Benfica – Futebol, SAD (“ Benfica SAD ”) hereby, in accordance with the terms and for the purposes of Article 17 of the Portuguese Securities Code, informs that on 15 September 2021: (i) Notice of Qualifying Ownership (attached ) from Mr John Textor, who is updating the qualifying ownership notice issued by Benfica SAD on July 13, 2021. The transfer of the shares in question to Mr. John Textor may take place subject to the necessary conditions / authorization for the purposes mentioned in it, verified, it took place from September 15, 2021 (as stated in the initial communication) to December 31, 2021, without revealing any other changes to other conditions previously reported by the last ”can be read at the beginning of a message sent by CMVM from SAD do Benfica.

Thus, in the same note, it is mentioned that Jose António dos Santos agreed with an American businessman to suspend the contractual obligations of the parties until December 31, 2021.

In addition, the businessman known as Rey dos Frangos has withdrawn the debt sales agreements signed on April 26 and 30 this year with Quinta dos Jugais for the purchase of 3 percent of the shares of SAD incarnate held by that company. second essence. It states that the implementation of this agreement “was conditional on the completion of an operation to purchase the necessary shares, constituting many shares corresponding to 25% of the authorized capital of this company, for subsequent sale to a third party. Meanwhile, the parties to this treaty mutually expressed their readiness to terminate it peacefully, so it lost its force. “

Recall that in mid-June, Jose Antonio dos Santos and John Textor signed two agreements for the sale of 5,750,000 shares, which corresponds to 25 percent of the share capital of SAD. This percentage was not (and still does not belong) entirely to the Portuguese businessman. This agreement, by agreement of both parties, is suspended until December 31, 2021, and the deal will be resumed if José Antonio dos Santos raises the number of shares required to complete the agreed deal.

Another deal is pending: the transfer of 3.73 percent of the share capital of SAD do Benfica from José da Conceição Guilherme to José António dos Santos, subject to the completion of the deal between Rei dos Frangos and John Texter.

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