Petrobras' Board Of Directors Has Approved A Proposal To Revise Its Bylaws, Aiming To Create A Capital Remuneration Reserve, Clarify Insurance Coverage For Managers, Address Unconstitutional Provisions And Allow Partial Digital Shareholders' Meetings
Portfolio Pulse from Benzinga Newsdesk
Petrobras' Board of Directors has approved a proposal to revise its bylaws. The revision aims to create a capital remuneration reserve, clarify insurance coverage for managers, address unconstitutional provisions, and allow partial digital shareholders' meetings. The reserve will ensure resources for the payment of dividends, interest on equity, share buybacks, absorption of losses, and incorporation into the share capital.

October 23, 2023 | 4:56 pm
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Petrobras' bylaw revision could potentially strengthen the company's financial position by ensuring resources for dividends, equity interest, and share buybacks. This could positively impact the company's stock in the short term.
The creation of a capital remuneration reserve will ensure resources for dividends, equity interest, and share buybacks. This could make the company more attractive to investors, potentially leading to an increase in the stock price.
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