Petrobras Cancels 155,468,500 Preferred Shares Issued and Held in Treasury

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BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 29.Jan.2025) — The Board of Directors of Petrobras canceled all 155,468,500 preferred shares issued by the company held in treasury, without reducing the share capital, which were acquired under its last share buyback program.

Another 72,909 preferred shares and 222,760 common shares, all held in treasury prior to the share buyback program, will also be cancelled, Petrobras said 29 Jan. 2025 in an official statement.

As a result of the cancellations, Petrobras’ share capital will be divided into 7,442,231,382 ordinary shares and 5,446,501,379 preferred shares, all without par value.

“In due course, a proposal will be submitted to the general meeting to update the heading of Article 4 of the company’s Bylaws, in order to reflect the new number of ordinary and preferred shares into which Petrobras’ share capital is divided,” Petrobras said in the statement.

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By Aaron Simonsky reporting from Belize City. © 2025 Energy Analytics Institute (EAI). All Rights Reserved.

ENERGY ANALYTICS INSTITUTE (EAI) https://energy-analytics-institute.org

Energy Analytics Institute (EAI), formerly LatinPetroleum.com, is a Houston-established private organization with a satellite presence in Calgary, Mexico City and Venezuela where it operates under Editores LatinPetroleum SA. Since 1999, EAI has been a leader in energy news coverage of Latin America in particular. Coverage, run out of Latin America, now spans the world and encompasses nearly all energy and energy-related sectors.

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