Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 186

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 186
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 based on the last balance sheet and, after the special balance sheet has been drawn up, we would pay the balance within 120 days from the date of the shareholders’ meeting resolution. The right of withdrawal lapses 30 days after publication of the minutes of the shareholders’ meeting that approved the matters described above. We would be entitled to reconsider any action giving rise to withdrawal rights within ten days following the publication of the minutes of the meeting ratifying the decision if the payment of the price of reimbursement of the shares to the dissenting shareholders would jeopardize our financial stability.
  
Annual Report and Form 20-F 2024 |

Liquidation: In the event of a liquidation, holders of preferred shares are entitled to receive, prior to any distribution to shareholders, payment for the portion of shareholder’s equity attributable to their equity interest.
 Conversion rights: Our common shares are not convertible into preferred shares, nor are preferred shares convertible into common shares.
 Liability of our shareholders for further capital calls: Neither Brazilian Corporate Law nor our Bylaws provide liability for our shareholders for further capital calls. Our shareholders’ liability for capital stock is limited to the payment of the issuance price of the shares subscribed or acquired.
 Rights not subject to waiver: According to Brazilian Corporate Law, neither a company’s Bylaws nor decisions taken at a shareholders’ meeting may deprive a shareholder of some specific rights, such as the right to:
 
–             participate          
    in the distribution of profits;
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–                              participate                           
    in any remaining residual assets in the event of our liquidation;
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–                                       supervise                                    
    the management of the corporate business as specified in Brazilian Corporate Law;
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–                                              exercise                                           
    preemptive rights in the event of a subscription of shares, debentures convertible into shares
      or subscription warrants (other than with respect to a public offering of such securities,  
                                as may be set out in the Bylaws); and                             
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–                            withdraw                         
    from us in the cases specified in Brazilian Corporate Law.
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Annual Report and Form 20-F 2024 |
Shareholder Remuneration
 
Payment of Dividends, Interest on Capital and Buyback 
 Payments to our shareholders are subject to the provisions of Brazilian Corporate Law and applicable local laws and regulations, our Bylaws and our shareholder remuneration policy.
 Our revised shareholder remuneration policy, approved in July 2023, provides for the payment of dividends and/or interest on capital (juros sobre capital próprio) and/or the rep