By 5:00 PM (Lisbon time), shares of Benfica SAD had risen by 5.02% compared to the previous session, reaching 4.39 euros.
At the start of trading, Benfica SAD shares were valued at approximately 3.90 euros.
Today, a total of 27,745 shares were traded.
The top three positions in the men’s football championship also include the shares of Sporting and Porto, both of which are listed on the stock exchange.
Sporting’s shares, which lead due to their direct advantage over Benfica, closed today with a decline of 4.76% compared to the previous session, priced at one euro.
Meanwhile, shares of Porto SAD fell by 7.28%, closing at 0.95 euros.
In an interview with Jornal de Negócios, José António dos Santos, the largest individual shareholder of Benfica SAD, owning directly and indirectly 16.38% of the capital, expressed his view on selling the shares. He stated that he would only sell the encarnados and brancos shares at a minimum price of 12 euros per share. “This is as of today, because tomorrow it may not be the same,” the newspaper reports.
On Wednesday, May 7th, Benfica announced its intention to nullify the auction that allowed a bidder to acquire shares held by former president Luís Filipe Vieira in the encarnada SAD, at a price of 7.07 euros.
“Sport Lisboa e Benfica informs that, through its subsidiary Benfica SGPS, it took part in the auction of the shares titled by Luís Filipe Vieira, having submitted an appropriate offer and was informed that the said shares were sold to another bidder for 7.07 euros,” stated the encarnados in a note published on their official website.
However, Benfica pointed out that “to date, no notification has been received regarding its right of preference, and as a precaution, it has already requested the annulment of the sale.”
On May 5th, the club from Luz announced its intention to acquire the shares corresponding to 3.28% of the encarnada SAD, which were seized from former president Luís Filipe Vieira as part of an enforcement proceeding.
“Sport Lisboa e Benfica informs its members and supporters that it has been closely monitoring the enforcement process where shares held by Luís Filipe Vieira were seized over the past few months with great attention and rigor. Accordingly, it timely communicated to the competent court its right of preference over the shares in the context of the planned auction,” the eagles announced that day.
Additionally, Benfica affirmed that “it will do everything in the club’s best interest to acquire this volume of shares, which represents 3.28% of the SAD’s capital.”
On the same day, Jornal de Negócios reported that the block of shares in Vieira’s possession would be auctioned by the Spanish investment house JB Capital, and that Benfica would exercise its purchasing option over them.
According to the newspaper, the shares of Benfica’s former president were seized by Novo Banco in November 2021, as a result of an injunction parallel to an enforcement action in which the bank claimed the payment of 7.5 million euros for financing provided to Promovalor.
As the debt was not settled, Novo Banco called in personal promissory notes provided by Luís Filipe Vieira, which included his stake in the encarnada SAD.
The auction was conducted at the initiative of the enforcement process agent, who mandated JB Capital to sell the respective stake.
The 3.28% stake corresponds to a total of 753,615 shares.
