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Petrobras

Payment date of the remaining remuneration to shareholders for the year 2019 was changed to 12/15/2020

03/26/2020 | 21h53

In a meeting that took place yesterday (03/25), Petrobras informs that its Board of Directors approved the change in the date of payment of the remaining remuneration to shareholders in the form of dividends for the year of 2019, which was subject to the resolution of the Annual General Meeting (AGO), from 5/20/2020 to 12/15/2020.

 

The Board also approved the change of the date of the AGM from April 22, 2020 to April 27, 2020.

 

The postponement of the payment of dividends is one of the measures adopted by the company to preserve its cash, due to the pandemic of COVID-19 (coronavirus) and the shock of oil prices.

 

As disclosed on 2/20/2020, the total amount to be paid is R $ 1.7 billion for common shares (R $ 0.233649 per share) and R $ 2.5 million for preferred shares (R $ 0.000449 per share) in circulation, based on the 2019 annual result.

 

Shareholders will be entitled to this compensation in the following manner:

 

1. The cut-off date for holders of Petrobras shares traded on B3 will be the day of the Annual General Meeting, that is, 27/04/2020, and the record date for holders of American Depositary Receipts (ADRs) traded on the New York Stock Exchange - NYSE will be on 29/04/2020. 

2. Petrobras shares will be traded ex-rights on B3 and on the NYSE as of 04/28/2020. All amounts will be updated by the variation of the Selic rate from 12/31/2019 until the payment date.

 

The Shareholder Remuneration Policy can be accessed over the internet on the company's website (http://www.petrobras.com.br/ri).



Font: T&B Petroleum/Petrobras Agency
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