Petro Rio S.A. (“Company” or “PetroRio”) (B3 ticker: PRIO3) in accordance with CVM Instructionº 358/2002, announces to its shareholders and the market that the Board Meeting held on April 30, 2021 has approved a 5-for-1 stock split of Company shares, so that each share will be represented by 5 (five) shares.
702,664,676 new common shares will be issued, and capital stock will remain at R$ 5,526,451,830.79, divided into 878,330,845 common shares.
Considering that each share issued by the Company will be split into 5 (five) shares, there will not remain fractions of shares. Newly issued shares will have the same rights and characteristics as shares currently in existence, sharing in all benefits proportionally, including dividends and eventual capital income that might be approved.
The split shares (“ex-split”) will begin trading on May 6, 2021.
As bookkeeper, Banco do Brasil will credit the split shares on May 11, 2021. The purpose of this stock split is to increase liquidity and to enable an adjustment in the share price, making the price per share more accessible to a greater number of investors.