Page 14 - LatAmOil Week 31 2021

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FINANCIAL Petrobras will declare and communicate the binding phase regarding the sale of 100% of its
form of distribution (dividends and/or interest interest in the PAR-T-175_R14, PAR-T-198_
Petrobras approves on equity) prior to the record date. R12, and PAR-T-218_R12 Concessions, located
onshore in the Paraná Basin.
The amounts paid in advance to sharehold-
payment of remuneration to ers as dividends or interest on equity, readjusted Potential buyers qualified for this phase will
by the Selic rate from the payment date until receive a process letter with detailed instructions
shareholders the end of the year, will be discounted from the on the divestment process, including guidelines
mandatory minimum dividends, including the for due diligence and the submission of binding
Petrobras informs that its Board of Directors, minimum dividend owed to preferred shares. proposals.
at a meeting held today, approved the payment Petrobras, August 4 2021 About the Concessions: The PAR-T-198_R12
of two advance payments of remuneration to and PAR-T-218_R12 Concessions, located in the
shareholders for fiscal year 2021, in the total GeoPark announces far west of the state of São Paulo, were acquired
gross amount of BRL31.6bn (about $6bn). in the 12th ANP Bidding Round in 2013 and
These extraordinary payments consider quarterly cash dividend of are currently in the first Exploratory Period and
Petrobras’ expected results and cash generation with Minimum Exploratory Programme (MEP)
for 2021, being compatible with the company’s $0.041 per share commitments already fully met. Petrobras is the
financial sustainability, without compromising operator of the field with 100% stake.
its trajectory of debt reduction and liquidity, in GeoPark, a leading independent Latin American The PAR-T-175_R14 Concession, located in
line with the principles of the Dividend Policy. oil and gas explorer, operator and consolidator the eastern portion of the State of Mato Grosso
The payments will be distributed as fol- with operations and growth platforms in Colom- do Sul, was acquired in the 14th ANP Bidding
lows: First installment, Total value: BRL21bn, bia, Ecuador, Chile, Brazil and Argentina, today Round in 2017 and has a Single Exploratory
Gross value per common and preferred share: announced its Board of Directors has declared Period of 6 years. Petrobras is the operator of the
BRL1.609911 per share. Record date: the record its quarterly cash dividend of $0.041 per share field with 100% stake.
date for owners of Petrobras shares traded on ($2.5mn in the aggregate) payable on August 31, Petrobras, August 3 2021
B3 will be August 16, 2021 and for holders of 2021, to the shareholders of record at the close of
American Depositary Receipts (ADRs) traded business on August 17, 2021.
on the New York Stock Exchange (NYSE) will GeoPark is doubling its quarterly dividend PERFORMANCE
be August 18, 2021. Petrobras shares will trade from $0.0205 per share ($1.25mn in the aggre-
ex-dividends on the B3 and NYSE as of August gate) to $0.041 per share ($2.5mn in the aggre- Petrobras presents
17, 2021. Payment date: For holders of Petrobras gate). The Company remains committed to
shares traded on B3, payment will be made on returning value to its shareholders while execut- excellent financial
August 25, 2021. ADR holders will receive the ing self-funded and flexible work programmes
payment on September 1, 2021. Form of distri- and paying down debt. results in Q2-2021
bution: Dividends Geopark, August 4 2021
Second installment: Total value: BRL10.6bn. Petrobras achieved excellent operational and
Gross value per common and preferred share: financial results in the second quarter of 2021,
BRL0.812622 per share. Record date: the record INVESTMENT with a net income of $8.1bn, positively impacted
date for owners of Petrobras shares traded on by the effect of the Real appreciation on debt.
B3 will be December 1, 2021, and the record Petrobras begins binding Among the highlights are the generation of
date for ADR holders will be December 3, 2021. operating cash flow and free cash flow, total-
Petrobras shares will be traded ex-dividends on phase of E&P asset sale in ing $10.8bn and $9.3bn, respectively, and the
B3 and NYSE as of December 2, 2021. Payment adjusted EBITDA of $11.8bn, 32% higher than
date: for holders of Petrobras shares traded on the Paraná basin the previous quarter.
B3 payment will be made on December 15, In view of this result, the company’s Board of
2021. ADR holders will receive the payment Petrobras, following up on the release disclosed Directors approved the anticipation of the share-
on December 22, 2021. Form of distribution: on July 01, 2021, informs the beginning of the holder remuneration payment for 2021 in the
amount of $6bn, with $4bn to be paid on August
25 of this year and $2bn on December 15, 2021.
Thus, Petrobras shares its financial gains with
Brazilian society. The Union, the controlling
shareholder, will receive BRL11.6bn of this
amount and, added to the installments already
paid, the amount will reach BRL15.4bn by the
end of 2021.
“It is a pleasure to present the excellent opera-
tional and financial results for the second quarter
of 2021. We keep on working hard, supported
by absolutely technical decisions; evolving and
becoming stronger to better invest, supply an
increasingly demanding market, and generate
prosperity for our shareholders and for society,”
said Petrobras CEO Joaquim Silva e Luna.

P14 www. NEWSBASE .com Week 31 05•August•2021