Sport
In update
Securities Market Commission says it awaits the release of relevant information to the market. The decision comes hours after Pinto da Costa’s interview with SIC.
FC Porto flag
Quality Sport Images
The Securities Market Commission (CMVM) ordered the suspension of trading in Futebol Clube do Porto – Futebol, SAD shares, “awaiting the disclosure of relevant information to the market”, it was announced in a statement.
“The Board of Directors of the Securities Market Commission (CMVM) determined on 02/Apr/2024 at 09:25 (UTC), in accordance with article 214 and paragraph b) of paragraph 2 of article 213 of the Securities Code, the suspension of trading in Futebol Clube do Porto – Futebol, SAD shares, pending the disclosure of relevant information to the market”, says the statement.
A determination that takes place hours after the interview with Porto president, Jorge Nuno Pinto da Costa, with SIC and SIC Notícias.
According to the newspaper Express, the interview is precisely the reason that led to the regulator’s decision. The same source states that the CMVM administration understands that information was shared by Pinto da Costa that had not been transmitted to investors.
Minutes after CMVM’s announcement, FC Porto informed the market that it “expects to definitively close
On March 28th, the last day they traded, FC Porto SAD shares closed stable at 1.15 euros, with 20 shares changing hands.
