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PBR » Topics » Changes in Capital

This excerpt taken from the PBR 20-F filed May 22, 2009.
Changes in Capital
 
PifCo may increase its authorized share capital by ordinary resolution. The new shares will be subject to all of the provisions to which the original shares are subject.



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PifCo may also by ordinary resolution:
 
  •     consolidate and divide all or any of its share capital into shares of a larger amount than its existing shares;
 
  •     convert all or any part of its paid-up shares into stock and reconvert that stock into paid-up shares of any denomination;
 
  •     split existing shares into shares of a smaller amount, subject to the provisions of Section 13 of the Companies Law; and
 
  •     cancel any shares, which, at the date of the resolution, are not held or agreed to be held by any person and diminish the amount of its share capital by the amount of the shares so cancelled.
 
PifCo may reduce its share capital and any capital redemption reserve by special resolution in accordance with relevant provision of Cayman Islands law.
 
This excerpt taken from the PBR 20-F filed Jun 30, 2005.

Changes in Capital

 

PIFCo may increase its share capital by ordinary resolution. The new shares will be subject to all of the provisions to which the original shares are subject.

 

PIFCo may also by ordinary resolution:

 

•   consolidate and divide all or any of its share capital into shares of a larger amount;

 

•   sub-divide existing shares into shares of a smaller amount, subject to the provisions of Section 13 of the Companies Law; and

 

•   cancel any shares, which, at the date of the resolution, are not held or agreed to be held by any person.

 

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PIFCo may reduce its share capital and any capital redemption reserve by special resolution in accordance with relevant provision of Cayman Islands law.

 

EXCERPTS ON THIS PAGE:

20-F
May 22, 2009
20-F
Jun 30, 2005

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