Commencement of common shares and Global Depositary Shares trading on a reverse split basis
04 Aug, 2014, 13:59 ET
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 Department.
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
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