Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 182

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 182
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 our registration as a publicly-traded company;
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–                                            approve                                          
    the requirements of our nomination policy, in addition to the requirements provided by law
                    applicable to boards of directors and fiscal councils; and                
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–                                             approve                                          
    in the case of publicly-traded company, the execution of transactions with related parties,
     and the sale or contribution of assets to another company, if the value of the transaction
     corresponds to more than 50% of the value of the total assets listed in the last approved 
                                           balance sheet.                                      
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Matter approved by at least one-half of the common shares of our total capital stock:
 
–                    reduce                
    of the mandatory dividend distribution;
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–                                               merge                                            
    into another company or consolidate with another company, subject to the conditions set forth
                                     in Brazilian Corporate Law;                                 
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–                                         participate                                      
    in a group of companies subject to the conditions set forth in Brazilian Corporate Law;
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–                                                 change                                             
       our corporate purpose, which must be preceded by an amendment to our Bylaws by federal law,   
    as we are controlled by the Brazilian federal government and our corporate purpose is established
                                                 by law;                                             
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–                                         spin-off                                     
    of a portion of us, subject to the conditions set forth in Brazilian Corporate Law;
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–                                                 waive                                               
    the right to subscribe to shares or convertible debentures issued by our wholly-owned subsidiaries
                                              or associate;                                           
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–          decide      
    on our dissolution;
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–                                              create                                           
     preferred shares or increase the existing classes of preferred shares, without preserving  
    the proportions to any other class of preferred shares, except as set forth in or authorized
                                           by our Bylaws;                                       
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–                                               change                                            
    the preferences, privileges or redemption or amortization conditions of any class of preferred
                                             shares; and                                          
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Annual Report and Form 20-F 2024 |

–                                               create                                            
    new class of preferred shares entitled to more favorable conditions than the existing classes.
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Matter approved by a special quorum:
 
–                                                select                                            
      a specialized company to work out the appraisal of our shares by economic value in the event 
    of the cancellation of our registry as a publicly traded company, which matter must be approved
      by the majority of votes from the holders of the outstanding shares that are present at the