The shareholders of 3R Petroleum Óleo e Gás S.A. (“3R Petroleum”) have approved, at a Extraordinary General Meeting, the transactions involving (i) the roll-up of Maha’s 15% holdings in 3R
The effectiveness of the transactions is subject to the fulfillment (or waiver, as the case may be) of certain conditions set forth in the relevant definitive documents. Promptly after the fulfillment of such conditions, the Board of Directors of each company will convene a meeting to confirm the closing date, opportunity which Maha will receive the new ordinary shares to be issued by 3R Petroleum as a consequence of its roll-up.
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