RIO DE JANEIRO, Aug. 4, 2014 /CNW/ - RT Participações em
Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3,
TSX-V: HRP), hereby informs, complementing what was disclosed in
the News Release as of June 24, 2014,
that from this date on, the Company's common shares and GDSs become
to be traded on a reverse split basis.
The reverse split was approved by the Company's
shareholders at the Special Shareholders' Meeting ("SSM") held on
June 24, 2014, and has been executed
at the rate of ten (10) common shares for one (1), pursuant to
article 12 of Law 6,404/76, which also includes the reverse split
of issued and outstanding Global Depositary Shares ("GDSs") of the
Company, at the rate of ten (10) GDSs for one (1), maintaining the
proportion currently in force of two (2) GDSs for one (1) common
share.
The group of shares which compose the share or
GDS fractions resulting from this reverse split will be sold
through an auction on the stock exchange, by means of a brokerage
firm, in Brazil, and a selling
agent, in Canada. The value
resulting from the sale of fractions of common shares or GDSs will
be credited to their holders. Information concerning the schedule
of fraction sale will be disclosed to the market in the coming
weeks.
As of today, the Company has 29,746,675 issued
and ratified common shares (on a non-diluted basis and subject to
fractions as discussed in this news release). Also, on this date,
the Company becomes to have approximately 11,809,030 issued GDSs
(on a non-diluted basis and subject to fractions as discussed in
this news release).
For additional information, please contact HRT's
Investor Relations Department.
Sedar Profile # 00031536
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE HRT Participações em Petróleo S.A.