Company: PAX
Filing Date: 2025-01-30
Form Type: 424B3
Source: 0000950103-25-001159
Chunk: 30

Company: Patria Investments Ltd
Filing Date: 2025-01-30
Form: 424B3
Chunk 30
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 dividend
policy, see “Item 8. Financial Information—A. Consolidated Statements and Other Financial Information” in our 2022 Form
20-F.

Subject to the Companies
Act, Patria’s shareholders may, by resolution passed by a simple majority of the voting rights entitled to vote at a general meeting,
declare dividends (including interim dividends) to be paid to shareholders, but no dividend shall be declared in excess of the amount
recommended by the board of directors. The board of directors may also declare dividends. Dividends may be declared and paid out of funds
lawfully available to Patria. Except as otherwise provided by the rights attached to shares and the Articles of Association of Patria,
all dividends shall be paid in proportion to the number of Class A common shares or Class B common shares a shareholder holds
at the date the dividend is declared (or such other date as may be set as a record date); but, (1) if any share is issued on terms
providing that it shall rank for dividend as from a particular date, that share shall rank for dividend accordingly, and (2) where
we have shares in issue which are not fully paid up (as to par value), we may pay dividends in proportion to the amounts paid up on each
share.

The holders of Class A
common shares and Class B common shares shall be entitled to share equally in any dividends that may be declared in respect of Patria’s
common shares from time to time. In the event that a dividend is paid in the form of Class A common shares or Class B common
shares, or rights to acquire Class A common shares or Class B common shares, (1) the holders of Class A common shares
shall receive Class A common shares, or rights to acquire Class A common shares, as the case may be; and (2) the holder
of Class B common shares shall receive Class B common shares, or rights to acquire Class B common shares, as the case may
be.

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Appointment, Disqualification and Removal of Directors

Patria is managed by its
board of directors. The Articles of Association provide that, unless otherwise determined by a special resolution of shareholders, the
board of directors will be composed of four to 11 directors, with the number being determined by a majority of the directors then in office.
There are no provisions relating to retirement of directors upon reaching any age limit. The Articles of Association also provide that,
while Patria