RIO DE JANEIRO, Aug. 4, 2014 /CNW/ - RT Participações em Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP), hereby
informs, complementing what was disclosed in the News Release as of
June 24, 2014, that from this date on, the Company's common shares and
GDSs become to be traded on a reverse split basis.
The reverse split was approved by the Company's shareholders at the
Special Shareholders' Meeting ("SSM") held on June 24, 2014, and has
been executed at the rate of ten (10) common shares for one (1),
pursuant to article 12 of Law 6,404/76, which also includes the reverse
split of issued and outstanding Global Depositary Shares ("GDSs") of
the Company, at the rate of ten (10) GDSs for one (1), maintaining the
proportion currently in force of two (2) GDSs for one (1) common share.
The group of shares which compose the share or GDS fractions resulting
from this reverse split will be sold through an auction on the stock
exchange, by means of a brokerage firm, in Brazil, and a selling agent,
in Canada. The value resulting from the sale of fractions of common
shares or GDSs will be credited to their holders. Information
concerning the schedule of fraction sale will be disclosed to the
market in the coming weeks.
As of today, the Company has 29,746,675 issued and ratified common
shares (on a non-diluted basis and subject to fractions as discussed in
this news release). Also, on this date, the Company becomes to have
approximately 11,809,030 issued GDSs (on a non-diluted basis and
subject to fractions as discussed in this news release).
For additional information, please contact HRT's Investor Relations
Sedar Profile # 00031536
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE: HRT Participações em Petróleo S.A.
For further information:
Eduardo Larangeira Jácome - Organizational Management and Investor Relations Officer
Sandra Calcado - Investor Relations Manager
Tainah Costa - Investor Relations Specialist
+55 21 2105-9700