Petrobras – Investor Relations

Petrobras

Investor Relations

Exercise of the Over-Allotment Option and Completion of the Global Offering

Petróleo Brasileiro S.A. – Petrobras
Avenida República do Chile, n° 65, Centro Rio de Janeiro - RJ
Ticker symbols on the Brazilian Stock Exchange BM&FBOVESPA:
“PETR3” (Common Shares) and “PETR4” (Preferred Shares)
Ticker symbols on the New York Stock Exchange:
“PBR” (Common ADSs) and “PBRA” (Preferred ADSs)

 

Rio de Janeiro, October 1, 2010. Petróleo Brasileiro S.A. – Petrobras announces that the Brazilian and international underwriters for Petrobras’ public primary offering of Common Shares and Preferred Shares (the “Global Offering”) exercised yesterday, September 30, 2010, the over-allotment option in full, providing for the issuance of an aggregate of an additional 187,997,094 shares, without par value, including shares in the form of American Depositary Shares (“ADSs”), or 112,798,256 Preferred Shares and 75,198,838 Common Shares.

As a result, and in accordance with Brazilian law, the Company informs that its Board of Directors, in a meeting held on October 1, 2010, resolved to:

approve the issuance of 75,198,838 Common Shares and 112,798,256 Preferred Shares at the public offering price of R$29.65 per Common Share and R$26.30 per Preferred Share, increasing the Company’s capital stock, within the limit of its authorized share capital as provided in Section 4, 1st paragraph of its By-laws, in the amount of R$5,196,239,679.50. Including the over-allotment option, the capital stock of the Company after the Global Offering increased to R$205,357,103,148.30, consisting of a total of 7,442,454,142 Common Shares and 5,602,042,788 Preferred Shares.

The Company further informs that today, October 1, 2010, in accordance with the board resolutions above, the Company settled the over-allotment of 112,798,256 Preferred Shares, including 65,704,296 Preferred Shares in the form of ADSs and 75,198,838 Common Shares, all in the form of ADSs. The exercise of the over-allotment option resulted in an additional R$5,196,239,679.50 in proceeds from the Global Offering to the Company.

The closing of the over-allotment option concludes the stabilizing period for the Global Offering, and will allow the Company to publish the Announcement of the Closing of the Offering in Brazil, which is expected to occur on October 4, 2010.

The tables below set forth the Company’s share capital before the Global Offering and after the closing of the over-allotment option:

 

 

Shareholding Before the Global Offering(1)

 

 

 

SHAREHOLDERS

 

 

VOTING CAPITAL

 

NON VOTING CAPITAL

 

JOINT STOCK

COMMON

SHARES

 

%

PREFERRED

SHARES

 

%

TOTAL

SHARES

 

%

BRAZILIAN FEDERAL GOVERNMENT

2.818.751.784

55,56%

0

0,00%

2.818.751.784

32,1%

BNDES PARTICIPAÇÕES S.A – BNDESPAR - BNDES

98.457.000

1,94%

574.047.334

15,51%

672.504.334

7,7%

OTHERS

2.156.138.560

42,50%

3.126.682.062

84,49%

5.282.820.622

60,2%

TOTAL

5.073.347.344

100%

3.700.729.396

100%

8.774.076.740

100%

 

 

(1) Does not reflect transfers of shares from the Brazilian federal government to its affiliates pursuant to Decree No. 7.295, of September 8, 2010.

 

 

Shareholding After the Global Offering
(including the over-allotment option)

 

 

 

 

SHAREHOLDERS

 

 

VOTING CAPITAL

 

NON VOTING CAPITAL

 

JOINT STOCK

COMMON

SHARES

 

%

PREFERRED

SHARES

 

%

TOTAL

SHARES

 

%

FEDERAL GOVERNMENT

3.991.413.128

53,63%

66.019.291

1,18%

4.057.432.403

31,10%

BNDES PARTICIPAÇÕES S.A – BNDESPAR  

173.400.392

2,33%

1.341.348.766

23,94%

1.514.749.158

11,61%

BNDES + FPS

224.845.426

3,02%

0

0,00%

224.845.426

1,72%

FFIE (SOVEREIGN FUND)

344.055.327

4.62%

161.596.958

2,88%

505.652.285

3,88%

ADMINISTRATORS

19.780

0,00%

54.566

0,00%

74.346

0,00%

OTHERS

2.708.720.093

36,40%

4.033.023.219

71,99%

6.741.743.312

51,68%

TOTAL

7.442.454.142

100%

5.602.042.788

100%

13.044.496.930

   100%

 

 

This communication does not constitute an offer to sell or the solicitation of an offer to buy the securities described, nor shall there be any sale of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to regis

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