3R Petroleum follow-on on the 8th of Nov.

3R Petroleum’s Board of Directors approved the price per share of R$33.00 for the oil company’s share offering.

The Board also approved the effective increase in the company’s capital stock in the total amount of R$ 2,168,100,000.00, through the issuance of 65,700,000 new common, registered, book-entry shares with no par value.

Within the scope of the secondary offering, 7,300,000 shares issued by the company and held by the selling shareholders were sold in the total amount of R$240,900,000. The total amount of the offer is R$2,409,000,000.00.

The shares issued under the offer will be traded on B3 as of November 8th, and physical and financial settlement will take place on November 9th.

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