loss of 32.9 million euros and bond loan on the horizon

Communication to CMVM reports the intention of Sporting SAD to launch one or more bond loans with a maximum value of 50 million euros

Sporting’s SAD revealed at the end of Tuesday night a negative net result of 32.9 million euros for the 2020/21 season, while the call for a General Meeting of the company indicates the intention for the which requires shareholder approval, to issue one or more bond loans with a maximum value of 50 million euros.

According to the document sent to the CMVM, it is revealed that the SAD GA will take place from 6:00 pm on October 6, at Estádio José Alvalade.

Items on the agenda of the General Meeting

1. Resolve on the management report and accounts for the year ended 30 June 2021.
2. Resolve on the proposal for the application of results for the year ended June 30, 2021.
3. To carry out a general appraisal of the Company’s management and supervision.
4. Assess and approve the proposal for variable remuneration to be attributed to the executive members of the Company’s Board of Directors prepared by the Shareholders’ Committee for the year 2020/2021.
5. Assess, under the terms and for the purposes of paragraph 4 of article 245-C of the Portuguese Securities Code, the report on remuneration drawn up by the Board of Directors for the year 2020/2021.
6. Assess and approve the remuneration policy for the members of the Company’s governing bodies drawn up by the Shareholders’ Committee for the year 2021/2022.
7. Resolve on the authorization to be granted to the Board of Directors, pursuant to and for the purposes of paragraph 2 of article 8 of the Articles of Association, for one or more bond issues, up to a maximum global amount of €50,000,000 ( fifty million euros), to be carried out through public offerings for the subscription of ordinary bonds, with a maturity not exceeding 4 years and with a unit face value of €5 (five euros), these issues to take place until the 30th of September of 2022.

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