CMVM has suspended trading in Sport Lisboa e Benfica due to recent "indications of various irregularities" that could affect the club.
The Portuguese Securities Market Commission (CMVM) has suspended trading in Sport Lisboa e Benfica – Futebol shares, it announced on Monday in a statement. However, CMVM already resumed trading in Benfica shares.
“The Board of Directors of the Securities Market Commission (CMVM) decided to suspend the trading of shares Sport Lisboa e Benfica – Futebol SAD, for the incorporation of information,” said a statement from the Commission, available on its ‘site’.
In another statement, to inform the market, the CMVM said that “in recent days it has become public knowledge that there are indications of various irregularities that could affect Sport Lisboa e Benfica, impact its corporate governance and create opacity about the composition of its shareholder structure.”
However, the CMVM already resumed trading in Benfica shares, two hours after it had suspended them, the regulator announced.
The lifting of the suspension of the company’s shares, with effect from 08:45 today, follows the previous decision to suspend trading at 06:54.
(Article last updated at 11h08)