Petrobras hereby declares that, following the nomination by the controlling shareholder of the executive Pedro Parente as the CEO of Petrobras, in line with its bylaws and governance, integrity and compliance standards, is considering such nomination, as published to the market on May 23, 2016.
Petrobras announces that it closed today a US$ 6.75 billion issuance of 5 and 10 year notes in the international capital markets. The notes were issued by Petrobras’ wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) and constitute general senior unsecured and unsubordinated obligations of PGF that are unconditionally and irrevocably guaranteed by Petrobras. Pricing occurred on May 17, 2016 and the terms of the notes are as follows:
Petrobras hereby informs the market that its Board of Directors held an extraordinary meeting today to analyze the nomination of executive Pedro Parente to the positions of Chairman of the Board of Directors and Chief Executive Officer (CEO) of the Company.
Regarding the possible resignation of the CEO Aldemir Bendine due to the appointment, by the controlling shareholder, of the engineer Pedro Parente to join the Board of Directors and the position of Petrobras’s CEO, the Company informs that it has not received, until now, any mail on of its current CEO about resignation, pursuant to art. 151 of Law 6,404/76.
Petrobras informs that its Board of Directors will consider, in an extraordinary meeting scheduled for May 23, 2016, the appointment of the engineer Pedro Parente to integrate the Board and to hold the office of CEO of Petrobras.
Petrobras announces the pricing of global notes denominated in U.S. Dollars to be issued by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”). The Notes will be unsecured obligations of PGF and will be fully and unconditionally guaranteed by Petrobras. Closing is expected to occur on May 23, 2016.
Petrobras hereby announces that signed today with the National Petroleum Agency (ANP) the extension of the concession contracts for the Marlim and Voador fields, until 2052. The extension of the fields’ Production Phase was in line with Resolution 2/2016 issued by the National Energy Policy Council (CNPE), which authorized the Agency to extend the concession agreements entered into in Round Zero, in 1998. The contracts were originally due to expire in 2025.
Petrobras (“Petrobras”) (NYSE: PBR) hereby announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”), plans to offer global notes in one or more series (the “Notes”), subject to market and other conditions.
As disclosed yesterday, May 12, 2016, through a Material Fact, Petrobras’ Executive Board approved the continuation of negotiations with Brookfield regarding the sale of Nova Transportadora do Sudeste (NTS) on an exclusive basis for 60 days, which may be extended for another 30 days if necessary.
Petrobras, pursuant to the Material Fact published yesterday. May 12, 2016 hereby announces the signature, today, of a Sale and Purchase Agreement (SPA) with Pampa Energía, for the sale of its interest in Petrobras Argentina (PESA) held through Petrobras Participaciones S.L. (PPSL).