Petrobras Approves Additional Payment of Remuneration to Shareholders

Source: 10/28/2021, Location: South America

Petrobras informs that its Board of Directors, at a meeting held , approved the payment of a new anticipation of remuneration to shareholders for fiscal year 2021, in the total gross amount of R$ 31.8 billion (about US$ 6 billion), equivalent to R$ 2.437865 per common and preferred share outstanding.

This payment added to the R$ 31.6 billion announced on August 4, 2021, totals R$ 63.4 billion (about US$ 12 billion) in anticipation to shareholders related to 2021 fiscal year. The distribution considers Petrobras' expected results and cash generation for 2021, being compatible with the company's financial sustainability, without compromising its trajectory of debt reduction and liquidity, in line with the principles of the Dividend Policy.

The additional amount will be paid in December, together with the amount already approved on August 4, 2021, with record date on December 1st, 2021 and payment on December 15, 2021. Therefore, the total amount to be paid in December will be distributed as follow:

Amount to be paid in December: R$ 42.4 billion, equivalent to R$ 3.250487 gross value per common and preferred share outstanding, being: (a) R$ 10.6 billion, equivalent to R$ 0.812622 gross value per common and preferred share outstanding, approved on August 4, 2021; (b) R$ 31.8 billion, equivalent to R$ 2.437865 gross value per common and preferred share outstanding, approved on October 28,2021.

Record date: December 1st, 2021 for holders of Petrobras shares traded on B3, and December 3rd, 2021 for ADR holders. Petrobras shares will be traded ex-dividends on B3 and NYSE as of December 2nd, 2021.

Payment date: for holders of Petrobras shares traded on B3 payment will be made on December 15, 2021. ADR holders will receive the payment on December 22, 2021.

Form of distribution: Petrobras will declare and communicate the form of distribution (dividends and/or interest on equity) prior to the record date.

The amounts paid in advance to shareholders as dividends and/or interest on equity, readjusted by the Selic rate from the payment date until the end of the year, will be discounted from the mandatory minimum dividends, including the minimum dividend owed to preferred shares.

Bermuda >>  8/11/2022 - This is a correction of press release issued August 11, 12:26 CET. Full pay out of the PSU award is subject to reaching $ 10.00 per share on 75% of th...
Bermuda >>  8/11/2022 - The Board of Directors of Borr Drilling Limited has resolved to grant 4,000,000 options under the Company’s approved share option scheme to certain of...

Canada >>  8/11/2022 - Frontera Energy Corporation has taken up and paid for 5,416,666 of its outstanding common shares (the "Shares") at a price of $12.00 per Share (the "P...
Norway >>  8/11/2022 - From 11 August 2022, the shares in Equinor will be traded ex dividend USD 0.40 (ordinary dividend of USD 0.20 and extraordinary dividend of USD 0.20)....

Norway >>  8/11/2022 - In reference to stock exchange announcement on 10 April 2022 concerning share options exercised, the Register of Business Enterprises has registered t...
United Kingdom >>  8/11/2022 - Highlights
· Share placement commitments to raise A$14.9 million gross proceeds.
· Issue price of A$0.009 per share represents a 18.2% dis...

Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.