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PBR » Topics » Other Shareholders Rights

This excerpt taken from the PBR 20-F filed May 22, 2009.
Other Shareholders’ Rights
 
According to the Brazilian Corporate Law, neither a company’s bylaws nor actions taken at a general meeting of shareholders may deprive a shareholder of some specific rights, such as:
 
  •     the right to participate in the distribution of profits;
 
  •     the right to participate equally and ratably in any remaining residual assets in the event of liquidation of the company;
 
  •     the right to supervise the management of the corporate business as specified in the Brazilian Corporate Law;
 
  •     the right to preemptive rights in the event of a subscription of shares, debentures convertible into shares or subscription bonuses (other than with respect to a public offering of such securities, as may be set out in the bylaws); and
 
  •     the right to withdraw from the company in the cases specified in the Brazilian Corporate Law.
 
This excerpt taken from the PBR 20-F filed Jun 30, 2005.

Other Shareholders’ Rights

 

According to the Brazilian Corporation Law, neither a company’s bylaws nor actions taken at a general meeting of shareholders may deprive a shareholder of some specific rights, such as:

 

  •   the right to participate in the distribution of profits;

 

  •   the right to participate equally and ratably in any remaining residual assets in the event of liquidation of the company;

 

  •   the right to supervise the management of the corporate business as specified in the Brazilian Corporation Law;

 

  •   the right to preemptive rights in the event of a subscription of shares, debentures convertible into shares or subscription bonuses (other than with respect to a public offering of such securities, as may be set out in the bylaws); and

 

  •   the right to withdraw from the company in the cases specified in the Brazilian Corporation Law.

 

EXCERPTS ON THIS PAGE:

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

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